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Daily (11.01.2023): European electricity prices fell on Tuesday amid strong renewable energy, bearish gas and carbon prices
Crude oil prices increased slightly on Tuesday as the U.S. government predicted record global petroleum consumption next year and the dollar remained near seven-month lows. Brent crude rose by 45 cents or 0.6%, to settle at $80.10 a barrel. Meanwhile, U.S. WTI crude ended 49 cents, or 0.6% higher at $75.12 per barrel.
read more... 11/01/2023
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Coal Demand To Remain Robust In 2023
Despite bold climate pledges from a plethora of major world powers, it seems that many are unable to break their addiction to coal, as consumption is set to hit an all-time high (once again). Several countries have launched climate strategies that include the phasing out of coal production and use over the coming decades, however with gas shortages and a long road to getting enough renewable energy operations running to meet global demand, many continue to rely on coal for power and industry. While coal use is expected to decrease in the long term, to be replaced by natural gas and renewable alternatives, demand is set to remain strong in 2023
read more... 03/01/2023
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EU countries unhappy with 275 euro gas cap proposal
European Union energy ministers locked horns on Thusday over a proposed gas price cap at 275 euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption.
read more... 25/11/2022
Daily (09.11.2022): German and French year-ahead electricity prices fell due to positive prospects in power generation
Tuesday saw a decrease in oil prices due to growing worries about fuel consumption as COVID-19 outbreaks escalated in the world's biggest crude importer China. Prices were also affected by uncertainty related to the results of the US midterm elections. As such, the Brent crude price settled 2.6% down at $95.36 a barrel. WTI crude fell by 3.1% to $88.91 a barrel.
read more... 09/11/2022
Daily (24.10.2022): Oil prices rose on Friday on expectations of higher Chinese demand
Oil prices rose on Friday as expectations of higher Chinese demand and a falling dollar mitigated fears about a worldwide economic recession and the effect of rising interest rates on consumption. Thus, Brent crude settled 1.2% higher at $93.50 a barrel, WTI crude traded 0.6% higher at $85.05.
read more... 24/10/2022