Brent oil futures for the front month in the ICE market reached a weekly high of $76.20 per barrel on Tuesday, February 4. Following this, settlement prices remained below $75 per barrel for the rest of the week. On February 6, the futures registered their weekly low, settling at $74.29 per barrel—this marked the lowest […]
Europe: Natural gas prices soar amid tight supplies and depleting inventories Read More »
In the final days of January 2025, European natural gas prices surged to a 15-month high, driven by dwindling inventories and concerns over future supply disruptions. TTF gas futures for March 2025 delivery, traded on the ICE market, saw a notable increase compared to the previous week, surpassing €47/MWh throughout the week. From January 29
In the fifth week of January 2025, electricity market prices in Southeast Europe (SEE) experienced a decline due to stable electricity demand and an increase in wind energy production. All SEE markets saw price reductions, with two-digit decreases, except Italy. Romania and Hungary experienced the highest percentage drops in electricity prices at -23.41% and -23.31%,
Europe: Brent oil, TTF gas and CO2 emissions prices see fluctuations in late January Read More »
In the final week of January, settlement prices for Brent oil futures in the ICE market reached their weekly peak of $77.49 per barrel on Tuesday, January 28. However, subsequent sessions saw prices remain below the $77 mark, with the lowest price recorded on January 29 at $76.58 per barrel. This represented the lowest settlement
Europe: Electricity prices fall in late January, set to rise in early February Read More »
In the final week of January, average prices across the major European electricity markets experienced a decline. The IPEX market in Italy saw the smallest decrease, dropping 7.8%, while the MIBEL market of Spain and Portugal witnessed the largest fall, with a 38% drop. Other markets observed price reductions ranging from 13% in the German
Europe: Gas prices surge in January 2025 amid storage concerns and LNG diversions Read More »
In the fourth week of January 2025, TTF gas futures in the ICE market saw a steady rise, holding at nearly €48/MWh throughout the week. On January 20th, TTF gas futures reached their weekly low settlement price at €47.853/MWh, which was 2.1% higher than the last session of the previous week but 0.8% lower than
In Week 04 of 2025, electricity prices in Southeast Europe (SEE) saw an upward trend due to higher demand and a decline in wind energy production. All SEE markets experienced price increases, with Hungary and Croatia registering the largest hikes at 10.30% and 7.74%, respectively. Other markets, including Bulgaria and Romania, also saw significant increases
In the fourth week of January, most major European electricity markets saw a decline in average prices. However, there were notable exceptions, with increases in the IPEX market of Italy (up 4.4%), the N2EX market of the United Kingdom (up 26%), and the Nord Pool market of the Nordic countries (up 164%). The MIBEL market,
Europe: Brent oil, TTF gas and CO2 futures see price increases in January Read More »
In the third week of January 2025, Brent oil futures saw an increase, surpassing $80 per barrel in most sessions, with the exception of Tuesday, January 14, when prices dipped to their weekly minimum of $79.92/bbl. On January 15, prices surged by 2.6% to reach their weekly maximum of $82.03/bbl, the highest since August 13,
Europe: Electricity prices surge in January, driven by gas prices and demand Read More »
In the third week of January 2025, average electricity prices increased across most major European markets. The exceptions were the N2EX market of the United Kingdom and the Nord Pool market of the Nordic countries, where prices decreased by 13% and 58%, respectively. In contrast, the EPEX SPOT market in Germany saw the largest percentage
