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Daily (20.09.2021): Gas markets surged on Friday, as Gazprom books no addition transit capacity via Ukraine next week
Oil prices retreated on Friday, pressured by a stronger US dollar and the gradual recovery of production facilities in the Gulf of Mexico. As such, Brent oil slipped by 0.4% at $75.34 a barrel and WTI crude ended 0.9% lower at $71.97 a barrel.
read more... 20/09/2021
Europe's power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face extra pressure from governments acting to protect consumers.
read more... 20/09/2021
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Czech lawmakers approve nuclear support
The Czech Republic's support framework for nuclear investment has been approved by the lower house of parliament. The Low Carbon Act should come into effect from 1 January 2022, the energy ministry said. "Currently, there are no market incentives for investment in new nuclear or other emission-free energy sources," noted Tomáš Ehler, the deputy minister of industry and trade, saying, "These market failures have been confirmed by the European Commission itself.
read more... 20/09/2021
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SSE Renewables to combine two wind farms to create 4.1GW ‘super project’
SSE Renewables is combining two proposed offshore wind farms to create what it says would be a “super project” development, with a potential output of 4.1GW.
read more... 20/09/2021
Daily (17.09.2021): European front-year electricity prices dropped by about 7% on Thursday in tandem with lower gas
Oil prices were rather steady on Thursday after hitting a multi-week high a day earlier. Prices were partly supported by the outlook of recovering oil demand as indicated by OPEC and IEA this week. On the other hand, the threat of disruptions by hurricane Nicholas receded. Hence, Brent crude added 0.3% to settle at $75.67 a barrel. U.S. WTI crude ended unchanged at $72.61 a barrel.
read more... 17/09/2021