European energy market overview 08.10.2010

11/08/2010 08:00 Electricity Market

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Oil price drops below $81 per barrel on weakening demand from US and China economies, the largest oil consumers. China July imports fell 17 percent comparing to June.

EU carbon prices lost almost 1% on low trading volumes, the price being 14.44 euro a tonne. The technical indicators remain bullish however, indicating that the price may go over 15 euros per tonne of CO2. Natural gas prices for UK market eased after Langeled pipeline restarted operating, restoring the supply/demand balance. The dynamic for Europe is uncertain, the data provided by National grid showing a balanced supply/demand. European electricity prices are generally up, despite the temperatures below normal and low cooling demand. The power supply dropped on nuclear reactors outages and low wind output.

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.

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Nuclear essential to hydrogen future

18/09/2020 08:50:00

Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.

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WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets

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