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Daily: European spot electricity prices retreat from recent highs on firmer wind supply, lower demand
Crude oil prices did not change significantly on Tuesday, paring earlier gains in line with U.S. stock markets as voters head to the polls to elect the next president of the United States. Brent crude lost 11 cents or 0.24 percent to settle at $ 46.04 per barrel. WTI crude rose by 0.09 cents or 0.20 percent to end at $44.98 per barrel.
read more... 09/11/2016
Daily: European spot power prices increase sharply on stronger demand, weaker renewables supply
Crude oil prices settled down on Monday on news of the forthcoming restart of Britain’s Buzzard oil field and as Iraq wants to be exempted from OPEC production cuts as it needs more money to fight Islamic State militants. Brent, the international benchmark for crude, lost 32 cents, or 0.6 percent, to close at $51.46 a barrel. Its session low was $50.50. U.S. West Texas Intermediate (WTI) crude declined 33 cents, or 0.7 percent, to end at $50.52.
read more... 25/10/2016
EU gas demand likely to increase by 6% in 2016
Natural gas demand across the European Union is likely to raise by 6 percent in 2016, aided by increasing industrial production and more use in electricity generation and transport, as stated by the Eurogas business association on Friday.
read more... 24/10/2016
Daily: British gas prices diverge, with day-ahead up due to tight supply
Crude oil prices settled down on Tuesday, retiring from one-year highs amid uncertainty how rapidly global oil supply could be reduced in line with demand even if OPEC and Russia agreed to a steep production limitation. On Tuesday, Brent crude lost 73 cents, or 1.4%, to settle at $52.41 a barrel, retreating from a one-year high of $53.73 reached on Monday. US West Texas Intermediate (WTI) crude declined 56 cents, or 1%, to end at $50.79.
read more... 12/10/2016
UK has become sunnier than ever
A new study from Carbon Brief reports that the UK has produced more energy from solar panels than from coal-fired power plants in the past six months. The country has generated 6,964 GWh of electricity from solar cells, while electricity generated from coal attained at 6,342 GWh, with solar registering a 10% increase. According to a new analysis, solar panels produced 5.2 per cent of the UK’s electricity demand in the period from April to September, while coal accounted for merely 4.7 per cent of the electricity generated.
read more... 07/10/2016