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Daily (26.03.2018): German spot electricity price tumbled by 21.7% on Friday due to higher wind generation

Oil crude prices jumped on Friday, hitting their peak since late January after the Saudi energy minister declared OPEC and allied producers would manage supply cuts into 2019, and because of increased worries about the future of Iranian crude exports.

read more... 26/03/2018


Daily (23.03.2018): UK day-ahead gas price fell by almost 5% due to milder weather forecasts

Oil prices fell on Thursday because investors booked profits after this week's rally, but ongoing efforts of OPEC and its partners to cut supplies limited losses. Brent crude dropped by 0.8 percent, to close at $68.91 a barrel. WTI futures declined by 1.3% to end at $64.30 a barrel.

read more... 23/03/2018


Daily (06.03.2018): German prompt power prices surged by almost 45% on Monday due to lower wind power supply

Oil prices soared on Monday, supported by forecasts for robust oil demand growth and concerns that output from OPEC producers would rise at a much slower pace in the future.

read more... 06/03/2018


Nigeria is now the biggest petrol importer globally

Nigeria is the single member country in the Organisation of Petroleum Exporting Countries, OPEC, that imports petroleum, mentioned by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the 2018 Oloibiri Lecture Series (OLEF) in Abuja.

read more... 02/03/2018


Daily (27.02.2018): German spot power price boosted by 103% on Monday as colder weather bolstered demand

Oil prices rose on Monday to almost a three-week peak hit a day earlier, due to signs of strong production cuts by OPEC and non-OPEC countries and an insignificant fall in U.S. output. Brent crude added 19 cents, or 0.3%, to end at $67.50 a barrel. WTI futures surged by 0.6% to settle at $63.91 a barrel.

read more... 27/02/2018