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Britain uses coal-power back up for the first time with supply tight
Britain's National Grid called on reserve coal-power units for the first time to provide electricity during a period of expected tight supplies on Tuesday as a cold snap sweeps the country.
read more... 08/03/2023
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Healthy gas storage warms Europe, but not enough
As Europe emerges from a mild winter with gas storage close to record levels, it must brace for another costly race to replenish its reserves on the international market.
read more... 23/02/2023
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Daily (17.02.2023): European carbon prices hit a six-month high on Thursday as traders shrugged off the impact of REPowerEU auction vote.
Oil prices fell on Thursday amid fears of further interest rate hikes by the Federal Reserve following the release of Producer Price Index (PPI) report showing an increase of 0.5% in inflation on a monthly basis in January. Thus, Brent crude oil slipped by 0.3% to $85.14 a barrel.
read more... 17/02/2023
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Norway may tax power exports to keep domestic prices down
Norway's government said on Wednesday it would consider taxing electricity exports and impose other changes to its energy market to preserve more power for domestic use and keep a lid on prices.
read more... 16/02/2023
Daily (15.02.2023): Oil prices lost ground on Tuesday after the United States announced that it will be reducing its strategic crude reserves
Oil prices fell on Tuesday after the United States announced that it will be reducing its strategic crude reserves, resulting in a large influx of oil onto the market despite weak demand. Thus, Brent crude oil decreased by 1%, settling at $85.58 a barrel.
read more... 15/02/2023