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Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices
On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.
read more... 04/04/2024
Renewables meet 89% of Portugal's Q1 power demand
National grid operator Redes Energeticas Nacionais (REN) said on Monday that renewable energy plants in Portugal have covered 89% of the country's electricity consumption in the first quarter of 2024.
read more... 02/04/2024
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Britain's National Grid proposes $74 bln energy system upgrade
Britain’s National Grid, opens new tab has proposed a 58 billion pound ($74 billion) investment programme to boost grid networks beyond 2030 to accommodate expected growth in electricity demand and an increase in renewable power projects.
read more... 19/03/2024
Daily (18.03.2024): Gas prices rose sharply on Friday, boosted by LNG supply concerns due to rising Asian demand
Oil prices retreated slightly on Friday as investors took profits after prices hit a four-month high on Thursday. Hence, the Brent crude oil stabilized at $85.34 a barrel, while WTI crude stood at slightly above $81 a barrel.
read more... 18/03/2024
Daily (12.03.2024) : EUAs lost almost 4% on a daily basis on Monday, tracking bearish gas prices
On Monday, oil prices were rather constant due to uncertainty surrounding the fluctuating demand from China. Brent crude edged 0.2% higher at $82.21 a barrel, while WTI Crude slipped by 0.1% to $77.93 a barrel.
read more... 12/03/2024