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Daily (11.08.2022): European power prices increased on Wednesday amid higher gas and coal prices
As investors hurried to riskier assets in response to lower-than-expected U.S. inflation statistics and promising news on U.S. gasoline consumption, oil prices gained ground on Wednesday, recovering from losses early in the day. Thus, Brent crude oil price settled 1.1% higher at $97.40, WTI crude rose by 1.6% to settle at $91.93 a barrel.
read more... 11/08/2022
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EU ban on Russian coal imports to take effect after transition ends
European Union (EU) member states will not be allowed to import any more coal from Russia after the transitional period for the bloc's embargo ends at midnight on Wednesday.
read more... 11/08/2022
Daily (12.07.2022): German Cal23 power price firmed on Monday amid strong coal, supply concerns
Oil prices barely changed on Monday as the markets weighed persistent supply shortage worries against an anticipated decline in demand driven by extensive COVID-19 testing in China. Hence, Brent crude ended rather flat to settle at $107.10 a barrel, while U.S. WTI crude slipped by 0.7%, to settle at $104.09 a barrel.
read more... 12/07/2022
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Germany’s Bundestag approves gas bailout plans, plant return
Germany’s lower house (Bundestag) late on Thursday approved measures to provide financial support for gas importers and to aid the return of mothballed coal and oil-fired power plants amid the current energy crisis.
read more... 08/07/2022
Germany sticks to 2030 coal exit target despite energy crisis
Germany said Monday it still aimed to close its coal power plants by 2030 despite reverting to the fossil fuel following an energy crisis provoked by Russia's invasion of Ukraine.
read more... 21/06/2022