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Daily (15.09.2021): European Cal’22 power prices spiked to new record highs in tandem with gas
Oil prices set largely unchanged on Tuesday as concerns about Hurricane Nicholas’ threat to crude supply in the U.S. Gulf of Mexico faded. Hence, Brent crude ended rather stable at $73.60 a barrel. U.S. WTI crude was stable at $70.46 a barrel.
read more... 15/09/2021
Daily (10.09.2021): Gas markets extended record highs on Thursday, due to persisting supply concerns ahead of winter season
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021
Record carbon prices fail to stifle German coal margins
Record carbon prices in Europe are failing to price coal out of Germany's base-load merit order this winter, as a shortage of natural gas means there is limited scope for utilities to switch to cleaner alternatives at short notice.
read more... 08/09/2021
Electricity and gas prices in UK and Europe hit records
Consumers in the UK and continental European are facing a growing price crunch for energy as wholesale electricity costs surpassed their highest ever level on Monday, boosted by low wind generation and the rally in natural gas to record heights.
read more... 07/09/2021
Daily (03.09.2021): Electricity front-year prices were hovering at all-time highs amid record high gas and carbon
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021