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Daily (18.03.2025): Gas prices dropped on Monday amid weaker demand, improved supply and warmer weather forecasts

18/03/2025

Oil prices rose slightly on Monday, as escalating tensions in the Red Sea fuelled market concerns. United States strikes in Yemen and retaliatory attacks by Houthi rebels have heightened fears of a broader regional conflict, raising uncertainty over global energy supply.

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END-OF-DAY DATA
  • 19/08/2025  

  • TTF Year EUR/MWh
    TTF Y+1 41.58 +0.09
    • Futures rose along with other energy markets, on oil price gains. In the news, Polish gas company PGNiG's said it plans to build a pipeline between Poland and Norway to reduce its dependence on Russia. The pipeline is expected to introduce a few billion cubic metres of annual gas capacity by 2022.
  • Gasoil Spot
    Gasoil USD/tonne 733.75 +13.50
    Gasoil EUR/tonne 671.26 +12.35
    • Gasoil was slightly up as reduced imports from the United States and refinery maintenance reduced supplies. Distillates have not been selling in volume with only limited trades, as traders pointed to warmer weather impacting demand.
  • Brent Spot
    Brent EUR/bbl 73.82 -1.47
    Brent USD/bbl 80.69 -1.61
    • Crude oil rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested.
  • ZEE Month EUR/MWh
    Zee M+1 EUR/MWh 36.55 +0.09
    Zee M+2 EUR/MWh 37.57 +1.11
    Zee M+3 EUR/MWh 46.68 +1.27
  • FR Month base EUR/MWh
    FR M+1 base 63.52 +1.69
    • Forward power prices rose in an oil-led fuels prices recovery.
  • BE Quarter EUR/MWh
    BE Q+1 base 98.48 -0.02
    • Forward power prices rose in an oil-led fuels prices recovery.
  • NL Year base EUR/MWh
    • Forward power prices rose in an oil-led fuels prices recovery.
ENERGY MARKET TRENDS
TTF Spot, EUR/MWh
GE Cal 2018, FR Cal 2018 EUR/MWh

RWE, TotalEnergies agree long-term green hydrogen supply deal

12/03/2025

Germany's top utility RWE said on Wednesday it has agreed to supply France's TotalEnergies with around 30,000 tonnes of green hydrogen a year from 2030, in one of the sector's biggest deals so far. ...

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Austria to re-introduce VAT for small PV systems

12/03/2025

Austria will re-introduce the 20% value-added tax (VAT) on small photovoltaic (PV) installations of up to 35 kWp and impose an additional levy, called energy crisis contribution for electricity, for system operators. ...

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UK to fast-track grid connection of clean energy projects

12/03/2025

Britain will fast-track the connection of dozens of clean energy projects, including wind and solar power, to its electricity grid and will speed up the construction of new energy infrastructure, the government said on Monday. ...

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