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Daily: European forward power prices decline on weak fundamentals
Crude oil prices settled down on Wednesday and continued to decline in the post-settlement trade on worries about an intensifying oversupply kept crude under pressure this week, compensating recent views that falling U.S. production would spur prices. WTI crude shed 2 cents to close at $46.64. Global crude benchmark Brent eased 9 cents to close at $49.15 then declined 46 cents in post-settlement trade.
read more... 15/10/2015
Daily: European spot power prices up on colder weather, weak wind supply
Crude oil prices declined on Monday, falling 5 % as traders took profits after last week’s hike to an 11-week high and report that OPEC kept on to increase production despite a continuous oversupply. Both Brent and U.S. crude futures recorded the largest percentage losses since the start of September with the North Sea crude slipping $2.79 at $49.86 and West Texas Intermediate declining $2.53 at $47.10. OPEC slashed its estimate of 2016 world oil demand growth by 40,000 bpd to 1.25 million bpd amid sluggish growth in China.
read more... 13/10/2015
German households – a potential increase in green power surcharge to 6.35 cents/kWh
A renewable energy surcharge levied on German consumers to sustain green electricity production is expected to insignificantly increase next year, after dropping this year, as stated by two sources with knowledge of the new charge on Friday.
read more... 12/10/2015
Dutch parliament approves a motion to curtail gas production at Groningen field
The Dutch lawmakers on October 6 approved a motion calling the cabinet to considerable curtail gas production from the country's Groningen gas field for safety reasons.
read more... 07/10/2015
Daily: Crude oil prices erase previous loss on U.S. oil rig count decline
Crude prices reversed early losses to post a 1% hike or more on Friday after a report indicating the fifth weekly loss in the number of the U.S. oil rig renewed fears over declining production in the world’s top oil consumer. Brent, the global oil benchmark, rose by 44 cents, or nearly 1 percent, to settle at $48.13 a barrel. U.S. crude boosted 80 cents, or 1.8 percent, to close at $45.54. For the week, Brent fell about 1 percent, while U.S. crude slipped slightly.
read more... 05/10/2015