Latest news
Daily (07.11.2023): European spot electricity prices skyrocketed by over 300% on Monday amid declining wind generation and a drop of French nuclear availability
Oil prices recovered slightly on Monday, after Saudi Arabia and Russia reaffirmed their crude production and export cuts until the end of the year. Consequently, Brent crude closed at $85.18 per barrel, and WTI crude ended at $80.82 per barrel.
read more... 07/11/2023
Daily (06.11.2023): European spot electricity prices plunged by 50% on Friday amid mild weather forecasts and stronger wind generation
Oil prices fell by 2.3% on Friday on easing supply disruption fears due to Middle East tensions. Consequently, Brent crude settled at $84.89 per barrel, and WTI crude closed at $80.51 per barrel.
read more... 06/11/2023
.jpg)
France, Germany to aim for energy accord ‘by the end of the month’
Over the years, France and Germany have developed radically diverging electricity systems. While Paris puts large-scale nuclear power plants at the heart of its market, Germany is moving towards a smaller-scale decentralised power generation model relying on 100% % renewable energy.
read more... 12/10/2023
Daily (04.10.2023): German spot power surged dramatically by over 200% due to reduced wind energy generation
On Tuesday, crude oil prices slightly increased from earlier lows, however, the rebound was limited by the prospect of higher interest rates and concerns over the health of the global economy. Hence, Brent crude edged 0.2% higher at $90.92 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to $89.23 a barrel.
read more... 04/10/2023
Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023