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Daily (19.02.2025): European spot power prices dropped on Tuesday amid milder weather forecasts and strong renewable generation
Oil prices extended gains on Tuesday due to supply concerns in the U.S. and Russia, and uncertainty over Ukraine peace talks. However, gains were limited as analysts pointed out that a ceasefire would likely have little effect on Russian oil flows, which are mainly constrained by OPEC+ targets. Additionally, there is speculation that OPEC+ may delay its planned supply increase in April.
read more... 19/02/2025
Britain poised for 5% energy price-cap rise in April
Britain's domestic energy price cap is expected to rise almost 5% in April, analysts at Cornwall Insight said on Tuesday, with cold weather and low gas storage levels in Europe keeping wholesale prices high.
read more... 19/02/2025
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EU to work on more flexible gas storage filling targets
The European Commission will work on more flexible targets for EU countries to refill their gas storage ahead of winter, a draft EU document showed, after concerns among some governments that Europe's strict filling deadlines could drive up prices.
read more... 19/02/2025
Air Liquide and TotalEnergies to invest over 1 bln euros in green hydrogen
French oil major TotalEnergies will develop two green hydrogen projects with industrial gases company Air Liquide, aiming to help decarbonise Total's Dutch and Belgian refineries, they said on Tuesday.
read more... 19/02/2025
Daily (18.02.2025): British gas prices strongly declined on Monday, as UK secured additional LNG cargoes for February and March 2025
Oil prices rose on Monday due to a disruption in flows from Kazakhstan following an attack on a pipeline in the Caspian Sea. Additionally, OPEC+ is considering delaying its planned supply increases, with a final decision expected in the coming weeks. However, investors kept a close eye on potential Moscow-Kyiv ceasefire talks, which could ease sanctions and boost global supply, thereby limiting further price gains.
read more... 18/02/2025