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Europe’s industrialists want deep reform of power market to tackle €800b grid spending gap
The European Union is facing a grid investment gap of €800 billion until 2030, finds a report commissioned by industry lobby group ERT, who call for another power market revamp to help address the issue.
read more... 09/04/2024
Daily (05.04.2024): Oil prices hit their highest level since October on Thursday amid escalated geopolitical tensions and supply constraints
Oil prices surged on Thursday, reaching their highest level since October amid heightened geopolitical tensions in Ukraine and the Middle East, as well as continuously tighter supply. As a result, Brent crude closed at $90.65 a barrel, while WTI crude reached $86.59 a barrel, with both contracts climbing by 1.4% day-on-day.
read more... 05/04/2024
Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices
On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.
read more... 04/04/2024
Daily (02.04.2024) : Strong renewable generation weighed on European electricity spot prices on Monday
Oil prices diverged on Monday, amid geopolitical unrest in the Middle East and an upturn in manufacturing activity in China. Brent crude remained stable to slightly bearish reaching a price of $87.42. At the same time, WTI Crude increased by roughly 1 % to $83.71.
read more... 02/04/2024
New price cap to drive energy bills to two-year low
Britain‘s energy regulator, Ofgem implemented its latest price cap on 1st April – the energy price for a typical household utilising both gas and electricity and paying through direct debit will decrease by £238.
read more... 02/04/2024