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Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
Belgium, Engie agree to restart extended nuclear reactors from 2025
French energy company Engie and the Belgian government are set to sign contractual documents Friday, setting out the terms and conditions for restarting reactors Doel 4 and Tihange 3 in the winter of 2025.
read more... 24/07/2023
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UK delays onshore wind ban review
The government has officially announced that the review of the onshore wind ban will not be published until the autumn.
read more... 24/07/2023
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations.
read more... 24/07/2023
Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023