(13.09.2017): Weekly Energy Market Review at a Glance

14/09/2017 13:09 Energy Market


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



BRENT M+1: 53.84 $/bbl

The oil price rose, influenced by the increased demand from the U.S refineries.


Outlook: A decline towards the support level of 52.72 $/bbl, followed by a rise to the resistance line of 55.2 $/bbl.


GAS TTF Y+1: 17.24 €/MWh

The gas price rose influenced by the bullish European energy complex and by the oil price rally.


Outlook: A test of the resistance level of 17.26 €/MWh followed by a bearish correction.


POWER GE Y+1: 35.09 €/MWh 

The price rose, driven by the CO2 price spike and by the bullish continuation of the coal market.


Outlook: A test of the resistance level of 35.20 €/MWh, followed by a small bearish correction.



Daily (17.07.2018): Brent crude price slumped by more than 4% on Monday, as Libyan ports relaunched

17/07/2018 12:01:00

Oil prices plummeted on Monday, as ports in Libya resumed their activity and traders count on a boost in supply from Russia and other producers. Brent crude tumbled by 4.6% to $71.84 a barrel, its lowest level since the middle of April. Meanwhile, WTI crude slumped by 4.2% to end at $68.06 a barrel.


Ireland becomes world’s first nation to divest from fossil fuels

17/07/2018 09:53:00

Ireland has voted to become the first country in the world to divest from fossil fuels.


Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.