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Daily (11.04.2022): The German Cal23 power contract jumped to an all-time high on Friday on Russian coal ban
Crude oil prices gained ground on Friday as increased concerns about reduced Russian exports counterbalanced increased supply to the market from emergency reserves. Brent crude soared by $2.20, or 2.19%, to settle at $102.78 a barrel. U.S. WTI crude increased by $2.23 to $98.26 a barrel.
read more... 11/04/2022
Daily (08.04.2022): European carbon prices soared by 3.6% on Thursday amid strong auction
Oil prices extended losses for the third day in a row on Thursday amid uncertainty that the eurozone will be able to effectively penalize Russian energy exports and after consuming nations announced a large release of oil from emergency reserves. The coronavirus outbreak in Shanghai that has forced a lockdown in China's second-largest city put further pressure on prices. Hence, Brent crude slipped by 49 cents, or 0.5%, to settle at $100.58 a barrel. U.S. WTI crude lost 20 cents, or 0.6%, to settle at $96.03 a barrel.
read more... 08/04/2022
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Moscow hardens stance on rouble gas payments from Europe
Russia is working out methods for accepting payments for its gas exports in roubles and it will take decisions in due course should European countries refuse to pay in the Russian currency, the Kremlin said on Monday (28 March).
read more... 29/03/2022
Daily (25.03.2022): European front-year electricity prices gained ground on Thursday amid bullish carbon prices
Crude oil prices retreated on Thursday in the absence of confirmation on banning Russian oil by the European Union. News that exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal may partially resume added further pressure. Hence, Brent crude decreased by 2.1%, to settle at $119.03 a barrel. U.S. West Texas Intermediate (WTI) crude lost 2.3%, to settle at $112.34.
read more... 25/03/2022
Germany, Norway agree tentative plan to build hydrogen pipeline link
With Europe planning to end its reliance on Russian gas as quickly as possible, Norway, the second-largest gas exporter to the EU, “wants to actively contribute to the rapid development of the hydrogen market in Germany” and on the continent.
read more... 18/03/2022