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Daily (17.01.2022): Energy prices increased on Friday, supported by cold weather outlooks and news on EDF plans to curb the French nuclear output
Crude oil prices were bullish on Friday, reaching their highest in two and a half months, amid data showing that the production of black gold from OPEC+ may struggle to meet a rise in demand. As such, both Brent oil and WTI crude settled around 2% higher at $86.06 a barrel and $83.82 a barrel, respectively.
read more... 17/01/2022
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Germany To Become Net Power Importer For The First Time Since 2002
Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday.
read more... 17/01/2022
Daily (14.01.2022): French power prices climbed on Thursday amid news about reduced nuclear power production
Oil prices saw a downwards correction on Thursday, pulling back from new two-month highs reached the previous session. The losses were attributed to profit-taking among speculative buyers. However, falling US inventory levels and optimism surrounding Omicron limited the downside. Brent crude lost 0.2% to settle at $84.47 a barrel. U.S. WTI crude futures slipped by 0.6% to end at $82.12 a barrel.
read more... 14/01/2022
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France fires up coal power in policy reversal over feared nuclear shortfall
France is to allow its last two operational coal-fired power plants to produce excessive emissions this winter to stave off the threat of electricity shortages resulting from the closure of some nuclear plants.
read more... 12/01/2022
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Europe nuclear plants ‘need €500bn investment by 2050’
The European Union will need to invest €500 billion in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend.
read more... 11/01/2022