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Daily: European spot power prices fell on holiday, forwards gain support from higher fuel prices
Crude oil prices boosted about 2 percent on Wednesday after the U.S. government unveiled a bigger-than-expected fall in crude stockpiles, but profit-taking after the data release kept prices below the $50 a barrel level. Brent crude rose by $1.13, or 2.3 percent, to settle at $49.74 a barrel. Prices jumped as high as $49.96 in post-settlement trading. U.S. crude's West Texas Intermediate (WTI) increased 94 cents to settle at $49.56, after hitting a seven-month high at $49.62.
read more... 26/05/2016
Germany got 100% renewable power for a day
Renewable energy has briefly touched and slightly surpassed 100% on Sunday, marking a milestone for Chancellor Angela Merkel’s “Energiewende” policy to spur renewables while phasing out nuclear and fossil fuels.
read more... 17/05/2016
Daily: European forward power prices rebound on higher fuels prices ahead of Ascension holiday
A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Hydropower drives Vattenfall, Statkraft profits, Fortum hit by reduced prices
Sweden's Vattenfall and Norway's Statkraft registered higher first-quarter earnings on Thursday, sustained by higher hydropower production, while fossil-fuel reliant Finnish Fortum's profit dropped.
read more... 29/04/2016
Daily: European forward electricity prices hit the highest level in 12 weeks amid firmer fuels
Crude oil prices shed on Thursday as producers insinuated more output, while U.S. stockpiles registered their first loss in four sessions. The euro was down against the dollar after traders saw potential for the European Central Bank to eventually boost its stimulus measures if necessary. WTI crude oil prices eased 2.3 percent to settle at 43.18 a barrel. Brent crude declined 2.8 percent to close at $44.53 a barrel.
read more... 22/04/2016