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Daily (08.02.2023): European spot electricity prices fell on Tuesday amid strong wind generation.
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023
Daily (03.02.2023): Oil prices edged down amid economic growth concerns and ECB raise of interest rates
Oil prices had bearish evolution on Thursday amid economic growth concerns and ECB’s raise of interest rates. However, the market is looking for signs of strong fuel demand recovery in China to balance the potential decline in other major economies. Brent crude slipped by 0.8% to 82.17 a barrel and WTI oil edged 0.7% lower at $75.88 a barrel.
read more... 03/02/2023
Daily (20.01.2023): Oil prices climbed to their highest close since Dec. 1 amid optimism over Chinese economic recovery
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023
Daily (28.12.2022): European spot electricity prices fell sharply on Tuesday amid higher wind generation
Crude oil prices barely changed on Tuesday as restarts at some U.S. energy plants closed by winter storms offset gains from hopes of a demand recovery as China eases COVID-19 restrictions. Hence, Brent crude rose by 41 cents, or 0.5%, to settle at $84.33 a barrel, while U.S. West Texas Intermediate crude settled 3 cents lower at $79.53 per barrel.
read more... 28/12/2022
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Swiss power demand rises 4.3% in 2021 amid recovery
Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its economic recovery after the previous year’s coronavirus lockdown, said the country’s energy ministry on Thursday.
read more... 15/04/2022