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Spain’s power measures ‘tilting toward’ utilities
Spain's interventionist measures in recent months aimed at reducing the effect of record wholesale energy prices on consumers' electricity bills have temporarily increased regulatory risk perception in the sector. But they looked to be leaning towards local major utilities in the end, consultancy Ekon said.
read more... 22/11/2021
Daily (17.11.2021): Suspended NS2 certification sent British gas prices to fresh record highs on Tuesday
Oil prices ended mixed in a choppy trading on Tuesday, with Brent crude moving higher as Saudi Arabia fuelled supply concerns by saying it would not accelerate production increases. However, concerns about rising Covid-19 cases in Europe limited gains. Hence, Brent crude added 0.5% to settle at $82.43 a barrel. In contrast, WTI crude lost 0.2% to settle at $80.76 a barrel following signals from the Biden administration that it has been considering a release from its emergency crude reserves.
read more... 17/11/2021
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China's daily coal output near annual high, govt continues crackdown on irregularities
China's daily coal output hit 11.67 million tonnes on November 2, rising around one million tonnes from early October, close to a record high this year amid a raft of measures to ramp up production, according to the country's state planner.
read more... 04/11/2021
EU leaders to press ahead with emergency relief for energy prices
European Union leaders are set to press ahead with measures to shield consumers from record-high energy prices that have curtailed industrial production and hiked consumer bills.
read more... 18/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021