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Daily (10.03.2023): Concerns over French nuclear generation contributed to the rise in forward electricity prices on Thursday
On Thursday, oil prices declined as traders continued to worry about the effects of excessive monetary tightening on the economy rather than the market fundamentals. As a result, Brent crude ended $1.07, or 1.3%, down at $81.99 a barrel.
read more... 10/03/2023
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EC favours Nordic-style power market in draft reforms
The European Commission favours a Nordic-style power market with regional virtual trading hubs for all of the EU, according to an unofficial draft of its reform proposals expected next Thursday.
read more... 10/03/2023
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EC drops revenue cap in draft market reforms
The European Commission does not plan to make revenue caps on low-cost power generators a permanent feature, according to an unofficial draft of its power market reform proposals expected next Thursday.
read more... 09/03/2023
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The EU Moves Toward Forming A Natural Gas Buyers’ Cartel
The European Union will make its first move as a buyers’ group on the international gas market next month as it launches the first tender for suppliers.
read more... 07/03/2023
Daily (06.03.2023): Oil prices gained ground on Friday amid better-than-expected service sector PMI data from China
Oil prices gained ground as the market once again focused on China, which had another encouraging indicator on Friday, with the PMI in the services sector progressing better than expected in February. As a result, Brent crude oil jumped by 1.3%, to settle at $85.83 per barrel.
read more... 06/03/2023