Latest news
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
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Europe's high gas prices hit industrial output
Europe's gas consumption is down by between 10% and 15% compared with the decade before Russia's invasion of Ukraine, as high prices enforce a sharp reduction in fuel use especially by energy-intensive manufacturers.
read more... 13/09/2023
Daily (31.08.2023): Carbon prices added almost 2% gain on stronger Polish auction
Crude oil prices had another daily rise on Wednesday driven by supply tightening concerns, as OPEC members need to decide on further potential output cuts in September. Hence, Brent crude rose by 0.4% to settle at $85.86 a barrel.
read more... 31/08/2023
Renewable output hits record highs in Europe
Wind and solar output hit a record average of 45 GW this summer across Germany, Belgium, France, Italy and Britain, a study showed on Wednesday.
read more... 25/08/2023
Equinor inaugurates world's largest floating wind power farm in Norway
Norwegian energy firm Equinor and its partners will inaugurate the world's largest floating offshore wind power farm on Wednesday, whose output will supply nearby oil and gas platforms and cut their greenhouse gas emissions
read more... 23/08/2023