Latest news
Renewables Top 50% Share of Germany’s Power Demand for The First Time
Renewable energy sources accounted for nearly 52% of Germany’s gross electricity consumption this year, making up more than half of the country’s power generation and power consumption for the first time ever, preliminary estimated by industry groups showed on Monday.
read more... 19/12/2023
Daily (15.12.2023): European carbon prices plunged to their lowest in 14 months on Thursday amid continuous selling pressure and weaker demand
On Thursday, oil prices surged, as speculative traders took profits and investors showed an increased appetite for risk assets. This increase was prompted by a more relaxed stance from the Fed. Consequently, both contracts jumped by over 3%, with Brent crude closing at $76.61, and WTI crude ending at $71.58 per barrel.
read more... 15/12/2023
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Global coal demand to decline by 2026
Global coal demand is anticipated to undergo a significant shift in the coming years, according to the latest International Energy Agency (IEA) annual coal market report.
read more... 15/12/2023
Daily (13.12.2023): Oil prices hit a 6-month low on Tuesday, driven by oversupply concerns and gloomy global economic outlook
Oil prices posted a sharp decline by about 4% on Tuesday, hitting a 6-month low, weighed down by fears of an oversupply of crude, a gloomy global economic outlook and US inflation that is not slowing down as easily. The Fed, the ECB and the BoE are all set to unveil interest rate decisions this week as investors await their impact on the global economy and oil demand. Hence, Brent crude settled at $73.324, while WTI crude closed at $68.61 per barrel.
read more... 13/12/2023
Daily (08.12.2023): Gas and power forward prices extended gains on Thursday amid stronger demand and supply concerns due to colder weather
On Thursday, oil prices experienced a minor decline as the bearish sentiment persisted, driven by indications of weakened global demand, particularly from China, the largest oil importer globally. Nevertheless, declining U.S. stocks limited losses. Thus, Brent crude settled at $74.05 per barrel, while WTI crude closed at $69.34 per barrel.
read more... 08/12/2023