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German hard coal importers want extended run times for reserve plants
Germany's hard coal importers want the Berlin government to prolong the operation of hard coal-to-power generation plants enlisted in last year's energy crisis beyond the targeted end of March 2024, the VDKi lobby said on Tuesday.
read more... 22/11/2023
Daily (16.11.2023): European carbon prices hit a three-week high on Wednesday as data showed investment funds posted record net short positions
Oil prices declined on Wednesday as the prospect of supply outpacing demand continued to grow, with U.S. reserves rising to over 439 million barrels in the week ending November 10, significantly exceeding expectations. As a result, Brent crude ended 1.6% lower at $81.18 per barrel, while WTI crude dropped by 2% to end at $76.66 per barrel.
read more... 16/11/2023
Daily (03.11.2023): Oil prices rose by over 2.5% on Thursday following the Fed and BoE interest rate decisions
Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023
Germany approves bringing coal-fired power plants back online this winter
Germany's cabinet on Wednesday approved putting on-reserve lignite-fired power plants back online from October until the end of March 2024, the economy ministry said, as a step to replace scarce natural gas this winter and avoid shortages.
read more... 05/10/2023
Daily (21.09.2023): European spot electricity prices soared by over 100% on Wednesday amid a sharp decline in wind output
Oil prices dropped on Wednesday, driven by profit-taking and the continuing offensive stance of the US Federal Reserve, with doubts about the robustness of demand. As a result, Brent crude fell by 1.7% to settle at $89.66 a barrel, while WTI crude stood at $93.53 a barrel, down 1% day-on-day.
read more... 21/09/2023