German spot power prices look set to hit their second highest on average for Easter weekend in a decade amid low wind power generation, traders told Montel.
read more... 10/04/2023
The European Union has agreed to extend a price cap set on natural gas used for power generation in Spain and Portugal until December 31, a spokesperson for the Spanish Energy Ministry said on Tuesday.
read more... 28/03/2023
In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023
On Thursday, oil prices declined as traders continued to worry about the effects of excessive monetary tightening on the economy rather than the market fundamentals. As a result, Brent crude ended $1.07, or 1.3%, down at $81.99 a barrel.
read more... 10/03/2023
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023