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Natural Gas

-1.96% 34.87 EUR/MWh

NBP Y+1 EUR/MWh

Power

-0.32% 85.06 EUR/MWh

BE Y+1 base

Oil

-0.69% 66.52 USD/bbl

WTI Crude

Green

-0.18% 70.42 EUR/tonne

CO2 EUA Dec 2025

Forex

-0.21% 1.1665

Rate EUR/USD

Daily
Energy
Market
Update

Jul 15, 2025

Daily (15.07.2025): British gas prices gained momentum on Monday as Asian LNG demand tightened supply

Crude oil prices fell on Monday, weighed by persistent tariff threats from President Trump and fading concerns over near-term sanctions on Russian oil, which now appear less imminent than previously expected. The U.S. president warned of potential sanctions on Russian oil buyers if no peace agreement is reached within 50 days. Hence, Bre...

Jul 15, 2025

Britain is providing discounts on electric vehicles to increase demand.

The British government will provide discounts of up to 3,750 pounds ($5,037) for buyers of electric cars priced at 37,000 pounds or less, as part of a new initiative aimed at aligning consumer demand with net-zero emissions goals. The government plans to allocate 650 million pounds for this discount program, which will be available starting July ...

Jul 15, 2025

OPEC asserts that the world requires $18.2 trillion in investments for oil and gas by 2050.

OPEC Secretary General Haitham Al Ghais stated in an exclusive interview with Energy Connects that the world requires $18.2 trillion in oil and gas investments by 2050 to secure energy supply. Oil demand is projected to rise until 2050, reaching 123 million barrels per day, up from approximately 104 million bpd this year, according to OPEC’s recent...

Jul 15, 2025

Britain and the Czech Republic will collaborate on small nuclear power plants.

On Monday, Britain and the Czech Republic announced plans to explore small modular nuclear reactors (SMRs), potentially allowing Rolls Royce to export up to six units to the Czech Republic. Last month, Britain committed £2.5 billion to SMR development to boost energy security, meet climate goals, and create jobs and export opportunities. SMRs can b...

Jul 15, 2025

Irish wind power sets a new record for June.

Wind generation in Ireland reached a record high for June, according to a report from Wind Energy Ireland (WEI). The report indicated that wind farms met 30% of electricity demand in June, a slight increase compared to June 2024, making it a record month also for solar energy. Electricity demand rose modestly from 3019GWh to 3151GWh compared to the...

Jul 15, 2025

Kazakhstan increased its oil production by 11.6% in the first half of the year and has no intention of leaving OPEC+.

Kazakhstan's oil production in the first half of 2025 increased by approximately 11.6% to 49.9 million metric tons compared to the same period in 2024, with officials stating the country plans to remain in the OPEC+ alliance. The Central Asian nation has consistently surpassed OPEC+ quotas, which has frustrated some members, according to industry s...

Jul 15, 2025

The dollar rises slightly while the euro declines following Trump's warning about EU tariffs.

The U.S. dollar gained slightly on Monday while the euro fell after President Donald Trump threatened a 30% tariff on imports from the European Union, though the fluctuations were relatively small. As of 05:30 ET (09:30 GMT), the Dollar Index, which measures the dollar against six other currencies, increased by 0.1% to 97.577, marking a nearly 2% ...

Jul 15, 2025

R Power is set to construct a solar farm in Romania.

Polish renewable energy firm R Power has revealed its intention to create a photovoltaic solar farm in north-west Romania. The Lazuri solar park, with a capacity of 55MWp, will be situated in Satu Mare County. The project will connect to the national grid through a newly built 110kV loop-in/loop-out switching station tied to the existing Vetiș-...

Jul 15, 2025

PEJ is requesting approval from the European Commission for its nuclear project.

Polskie Elektrownie Jądrowe has formally informed the European Commission about its investment project for Poland's first nuclear power plant, fulfilling its obligations under the Euratom Treaty. Notifying under the Euratom Treaty is a legal requirement for nuclear initiatives in EU member states, aimed at allowing the European Commission to asses...

Jul 15, 2025

Energiequelle has commissioned a repowered wind farm.

Energiequelle has launched a repowered wind farm in Raßlitz, Saxony, replacing two E-58 turbines with two new Enercon E-160 units, boosting the park's capacity from 2MW to 11MW. Each E-160 turbine has a hub height of 166.6 meters and a capacity of 5.56MW. The expected annual energy output from the new turbines is approximately 40.8 gigawatt hours, ...

Jul 15, 2025

Bulgaria's year-to-date electricity generation increases by 14%, while consumption rises by 6.4%.

Bulgaria's electricity generation rose by 13.57% annually to 22,229 GWh from January 1 to July 13, according to the Electricity System Operator (ESO) report released on Monday. Domestic electricity consumption increased by 6.4% year-on-year to about 20,701 GWh, as per ESO's weekly data. The country's power trade surplus surged to 1,528 GWh duri...

Jul 15, 2025

Europe's clean energy dilemma: record solar production drives prices into negative territory.

Europe is experiencing an abundance of inexpensive solar power during the day while still relying on costly fossil fuels at night, revealing a complex contradiction in its energy transition. A recent report from Montel Analytics indicates a significant rise in negative electricity prices throughout Europe in the first half of 2025. Sweden’s SE2 z...

Jul 15, 2025

European ports are lagging in implementing shore power before the 2030 deadline.

Most European ports are behind in setting up the shore-side electrical infrastructure necessary for ships to switch from polluting marine fuel to cleaner electricity while docked, according to a new study released on Tuesday. EU environmental regulations have established a 2030 deadline for maritime ports to implement onshore power supply (OPS) sys...

Jul 15, 2025

Chinese authorities need to keep pace with the growth of the nuclear sector.

Although China has made considerable advancements in enhancing its nuclear safety regulations, the staffing of its regulatory body must keep pace with the rapidly expanding nuclear industry, according to an International Atomic Energy Agency (IAEA) expert team. The Integrated Regulatory Review Service (IRRS) team completed a 12-day mission in Chin...

Jul 15, 2025

BP has assigned the KBR-SOCAR joint venture to handle the electrification of the terminal and the next phase of the large gas field.

KBR, a U.S.-based company specializing in science, technology, and engineering, has secured new projects in Azerbaijan with BP, a UK-based firm, through its joint venture with SOCAR, SOCAR-KBR. This venture will provide detailed engineering design and procurement services for two initiatives aimed at enhancing the country's energy security. The co...

Jul 15, 2025

EnergyPathways will implement Hazer’s hydrogen technology in its large energy storage project in the UK.

EnergyPathways, a UK energy transition company, has signed a memorandum of understanding (MoU) with Australian technology firm Hazer to utilize its hydrogen production technology—licensed globally through a partnership with U.S. company KBR—to create a clean hydrogen facility as part of the MESH integrated energy storage project. EnergyPathways ha...

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