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Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output
Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.
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Northern Cyprus to launch natural gas exploration
The Turkish Republic of Northern Cyprus (TRNC) and Turkish Petroleum will launch their natural gas exploration program on the island's southwest, the country's deputy prime minister said Tuesday.
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Consortium of Italian banks provide €995m for F2i to acquire 333MW portfolio from RTR
A consortium of banks has provided €995m to finance the acquisition by F2i of a 333MW portfolio of solar farms in Italy from RTR.
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IEA warns of challenges from Swiss nuclear phase-out
Switzerland's phased withdrawal from nuclear power presents challenges for maintaining its electricity security, the International Energy Agency (IEA) says in the report “Energy Policies of IEA Countries: Switzerland 2018 Review”.
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Daily (09.10.2018): UK gas prices tumbled on Monday, on warmer weather and reduced gas-for-power demand due to higher wind generation
Global oil prices edged slightly down on Monday, following Washington’s declaration that it could grant waivers to sanctions against Iran's oil exports in November, and as Saudi Arabia is likely to partly substitute shortfalls from Iran. Brent crude was 0.3% down at $83.91 a barrel, but losses were limited by a hurricane moving across the Gulf of Mexico and forecasts for a further decline in Iranian exports. U.S. West Texas Intermediate futures slipped by only 0.1% on Monday, to trade at $75.29 a barrel. Meanwhile, Brent crude oil futures ended 0.3% down at $83.91 a barrel.
read more... 09/10/2018