(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. 

 

 

 

Russia aims strategic energy partnership with China

21/11/2017 16:13:00

Russian oil giant Rosneft has signed an agreement with Chinese company CEFC Energy, aiming crude oil supply. The accord is based on a long-term deal inked between parties earlier. The delivery will start next year.

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The boost of low-cost renewables changes EU energy expectations for 2030

21/11/2017 13:54:00

The accelerated fall in wind and solar energy costs, and flexible demand technology could substitute more than 50% of coal and gas generated electricity in Europe by 2030, as indicated in a recent research published on Tuesday.

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Bosnia inks a 60-million-euro loan agreement with KfW bank for Hrgud wind farm

21/11/2017 11:32:00

Bosnia's finance minister Vjekoslav Bevanda inked an agreement with German development bank KfW on Wednesday to financially back the construction of the Hrgud 48 MW wind farm. The loan is estimated at 60 million euros ($69.6 million). ​​​​​​​

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