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Daily (13.02.2024): Forward gas prices declined by about 5% on Monday due to a comfortable supply outlook
Oil prices ended mixed on Monday, with the market showing some relaxation after the recent surge. Nonetheless, geopolitical tensions persist. Consequently, Brent crude traded 0.2% lower at $82 a barrel, while WTI crude remained relatively stable to bullish at $76.92 a barrel.
read more... 13/02/2024
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France stalling over EDF wholesale tax
The government was mulling scrapping any reference to the tax from its draft energy sovereignty bill, which it had initially planned to table at the beginning of the month but had now postponed, said the MPs from the government’s ruling Renaissance party, confirming a report in French daily La Tribune.
read more... 13/02/2024
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New reactors at Bulgarian NPP to cost up to $14 bln in total
Bulgaria's energy minister Rumen Radev said on Monday that he expects the two planned reactors at the country's Kozloduy nuclear power plant (NPP) using Westinghouse Electric's AP1000 technology to cost up to $14 billion (13 billion euro) in total.
read more... 13/02/2024
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Austria Looks to Cut Its Dependence on Russian Natural Gas
Austria, one of the few EU countries still receiving Russian natural gas by pipeline, is looking to reduce its dependence on Moscow, including by seeking to end a long-term deal that Austria-based energy giant OMV has with Gazprom, Austrian Energy Minister Leonore Gewessler said on Monday.
read more... 13/02/2024
Daily (12.02.2024): Carbon prices tumbled by over 3% on Friday, weighed by abundant supply and strong selling pressure
Oil prices rose by about 1% on Friday, stimulated by concerns over Middle East conflict as well as strong tensions on refined products. Consequently, Brent crude settled at $82.19 a barrel, while WTI crude stood at $76.84 a barrel.
read more... 12/02/2024