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Daily (12.06.2023): Strong solar generation and low demand put significant pressure on European spot power prices
Crude oil prices dipped on Friday in anticipation of U.S. Federal Reserve meeting and potential interest rate increases. Hence, Brent crude decreased by 1.5% to settle at $74.79 a barrel. At the same time, WTI Crude traded 1.6% lower at $70.17 a barrel.
read more... 12/06/2023
Daily (05.06.2023): Oil prices rose sharply on Friday amid strong US employment figures
Oil prices rose sharply on Friday amid strong US employment figures. Moreover, debt impasse has been finally overcome. Ahead of OPEC+ meeting, Brent crude rose by 2.5 % to settle at $76.13 a barrel. Meanwhile, WTI crude traded at $71.74 a barrel, up by 2.3% day-on-day.
read more... 05/06/2023
Daily (31.05.2023): Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand
Oil prices plunged by about 5% on Tuesday, amid high Russian exports and slowing Chinese demand with the prospect of a standstill at Sunday's OPEC+ alliance meeting. Hence, Brent crude settled at $69.46 a barrel. Meanwhile, WTI crude traded at $73.54 a barrel.
read more... 31/05/2023
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Daily (26.05.2023): An overall bearish energy complex on Thursday
Crude oil prices fell sharply on Thursday, dampened by statements from Russia's Deputy Prime Minister for Energy, who rejected a further production cut at the end of the next OPEC+ meeting. Remaining fears over the possibility of a US debt ceiling default have put further pressure on prices. Hence, Brent crude posted a 2.7% decline at $76.26 a barrel. Meanwhile, WTI crude plunged by more than 3% to close at $71.83 a barrel.
read more... 26/05/2023
EU nuclear club’s projects could reach 150 GW by 2050
Nuclear power could reach up to 150 GW of capacity by 2050, against 100 GW currently, France’s energy minister wrote in a statement on Tuesday following a meeting of the new European nuclear alliance.
read more... 17/05/2023