Latest news

Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices

Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.

read more... 07/04/2020

news

Prices fall in Greece's renewables tender with 503 MW awarded

Greece has awarded 502.94 MW of wind and solar power capacity in its latest mixed renewables tender, with bids hitting as low as EUR 49.11 (USD 53.06) per MWh.

read more... 07/04/2020

news

Daily (06.04.2019): Brent crude jumped by nearly 14% on Friday, on hopes for new output cuts by world oil leaders

Crude oil prices rebounded on Friday, marking the first weekly rise in more than a month, after OPEC leader, Saudi Arabia, announced the willingness to have an emergency meeting to potentially cut oil supplies and solve the oil price war. Consequently, Brent crude for June delivery traded 13.9% higher at $34.11 a barrel. Similarly, WTI futures spiked by 11.9% to $28.34 a barrel.

read more... 06/04/2020

news

German hourly power drops to minus 50.26 euros per MWh for Sunday

German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth consecutive Sunday amid low demand and high renewables feed-in.

read more... 06/04/2020

news

Daily (02.04.2019): British gas prices near 2009 lows on Wednesday, due to weak demand

Crude oil prices were bearish on Wednesday, weighed by a steep rise in U.S. crude inventories last week, the biggest weekly rise since 2016, while gasoline demand continued to decline. Consequently, Brent crude for June delivery traded 6.1% lower at $24.74 a barrel. Similarly, WTI futures slid by 0.8% to $20.30 a barrel.

read more... 02/04/2020

news