(07.09.2017): Weekly Energy Market Review at a Glance

08/09/2017 11:40 Energy Market

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Here's a quick snapshot of the main energy indicators in the last 7 days.

 

 

BRENT M+1: 52.34 $/bbl

The oil price rose, influenced by the end of the Hurricane Harvey as the demand from the U.S refineries increased.

 

Outlook: A decline towards the support level of 51.34 $/bbl, followed by another test of the resistance line of 52.72 $/bbl.

 

GAS TTF Y+1: 16.35 €/MWh

The gas price rose after an unsuccessful attempt to pass below the support level of 16.15 €/MWh and stimulated also by the upward rally of the European power prices.

 

Outlook: A test of the resistance level of 16.45 €/MWh followed by a bearish correction. 

 

POWER GE Y+1: 33.60 €/MWh 

The price rose, following the bullish continuation of the coal market.

 

Outlook: A test of the resistance level of 34.25 €/MWh, followed by a bearish correction. 

 

 

 

France: EDF will protect its business position in energy sector investigation

21/09/2017 15:21:00

The French minister of environment Nicolas Hulot declared in July that about 17 reactors could be closed in France by the year 2025, as it tries to reduce the part of nuclear power in its electricity mix.

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CGN interested in Toshiba's NuGen (UK) stake

21/09/2017 13:48:00

China General Nuclear Power Corporation (CGN) is interested in an equity stake in the NuGen site at Moorside in Cumbria (UK).

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Swiss launched new flexible and customisable solar modules

21/09/2017 13:41:00

Switzerland has developed and launched a highly flexible, thin and light solar panel.

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