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Daily (03.09.2021): Electricity front-year prices were hovering at all-time highs amid record high gas and carbon
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021
Daily (24.08.2021): Crude oil prices rebounded on Monday due to a weaker dollar
Oil prices strongly rebounded on Monday amid signs of improving situation in China. In addition, a weaker American dollar also provided some support to the crude markets. Despite demand concerns due to rising cases of the Delta variant, Brent oil soared by 5.5% to settle at $68.75 a barrel. The American WTI crude gained 5.6% at $65.64 a barrel.
read more... 24/08/2021
Daily (17.08.2021): EUAs strongly rebounded on Monday amid a bullish energy complex
Crude oil prices eased on Monday after data showed Chinese factory output and retail sales growth slowed sharply in July due to new restrictions. However, sources said that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months, limiting losses. As such, Brent crude fell by 1.7% to settle at $67.29 a barrel. At the same time, the American WTI lost 1.6% at $69.51 a barrel.
read more... 17/08/2021
German gas generation falls 35%, coal rebounds as margins diverge
German gas-fired power generation fell in July as record high European gas hub prices further eroded margins, while hard coal generation almost exceeded gas-fired generation and lignite topped the German power mix.
read more... 06/08/2021
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EU electricity demand rebounds without more emissions
Electricity demand in the European Union has returned to pre-pandemic levels without a corresponding rise in emissions, according to a report published Wednesday by an energy think tank. An analysis of data from grid operators showed that electricity demand in the EU during the first half of 2021 almost matched the demand in the same six-month period two years earlier, the report by Ember said.
read more... 29/07/2021