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Daily (13.09.2023): Brent crude price surpassed the $92 per barrel mark for the first time since November
Crude oil prices increased on Tuesday, hitting levels not seen since last November amid announcement that Saudi Arabia and Russia extended their voluntary production cuts, in a move to stabilize the markets. The closure of four oil export terminals in Libya due to a weekend storm provided additional support to oil prices. Hence, Brent crude rose by 1.6% to end at $92.06 a barrel. Meanwhile, U.S. WTI crude gained 1.8% to end at $88.84 a barrel.
read more... 13/09/2023
Daily (11.09.2023): European carbon prices plunged to their lowest level in three months on Friday, amid abundant supply and sluggish demand
Oil prices resumed their upward trend on Friday, boosted by the low level of US crude inventories, further tightening a market already worried about supply shortages. As a result, Brent crude edged 0.8% higher at $90.65 a barrel, while WTI crude rose by 0.7% to $87.51 a barrel.
read more... 11/09/2023
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Pro-nuclear MEPs defy EU Parliament on electricity market reform
Members of European Parliament, led by French centrist MEP Christophe Grudler, are preparing to challenge the Parliament’s stance on EU electricity market reform, with a formal “objection” due to be presented next Tuesday (12 September).
read more... 11/09/2023
Spain proposes amendments to EU power market overhaul
Spain, which holds the presidency of the European Union until December, has proposed several amendments to help pass a key piece of legislation that would overhaul the bloc's electricity market, a document showed.
read more... 07/09/2023
France ‘confident’ about EU electricity market reform
Energy Transition Minister Agnès Pannier-Runacher said she was “confident” that France’s requirements under the EU electricity market reform will be met, just weeks before formal negotiations are due to resume following the collapse of talks at the end of June.
read more... 06/09/2023