In the second week of January, Brent oil futures for the Front Month in the ICE market experienced price increases in most sessions, reaching a weekly maximum settlement price of $79.76 per barrel on Friday, January 10. This represented a 4.2% increase from the previous Friday and the highest price since October 8, 2024. Despite […]
In the second week of January, the average prices of electricity in major European markets showed varied trends. On one hand, prices decreased in the EPEX SPOT market of France, the MIBEL market of Spain and Portugal, and the IPEX market of Italy, with price declines ranging from 0.5% in France to 25% in the
In the first week of January 2025, Brent oil futures saw a positive price trend on the ICE market. The week started with the lowest settlement price on December 30, at $74.39 per barrel. However, prices steadily increased, reaching a weekly high of $76.51 per barrel on Friday, January 3, a 3.2% rise from the
Europe: Mixed price trends across electricity markets in early January 2025 Read More »
In the first week of January 2025, electricity prices in the main European markets exhibited a mixed pattern. In some markets, including MIBEL (Spain and Portugal), IPEX (Italy), and Nord Pool (Nordic countries), prices increased compared to the previous week. These price hikes ranged from 5.1% in Spain to as much as 77% in the
European electricity demand and price trends: Weekly overview and forecasts Read More »
During the first week of December 2024, electricity demand saw an uptick across most major European markets compared to the previous week. The French market recorded the largest increase at 5.5%, while the British market had the smallest growth at 0.4%. Other markets, including the Netherlands, Germany, Belgium, Portugal, and Italy, saw demand rise between
Europe: Weekly oil and gas futures Read More »
In the week ending October 4, Brent oil futures in the ICE market experienced notable fluctuations. The Front Month futures hit a weekly low of $71.77 per barrel on September 30 before rebounding to a high of $78.05 per barrel by Friday, marking an 8.4% increase and the highest price seen since late August. This
Region: Weekly update on SEE electricity market prices and trends Read More »
In Week 39 of 2024, electricity prices across the Southeast European (SEE) market continued their downward trend compared to Week 38. Contributing factors to this decline included reduced average prices for gas and CO2 emission allowances, alongside a decrease in demand. Most countries in the SEE region saw electricity prices drop, with the exception of
Hungary inks deal with Belarus to help build nuclear reactor Read More »
Hungarian Foreign Minister Peter Szijjarto said that the government signed an accord with Belarus to help build Hungary’s second nuclear plant. Nuclear power plant Paks 2 has been under construction by Russia’s Rosatom since 2014. The Russian company is building two reactors with a capacity of 1.200 MW each in central Hungary. -Of great importance
Bulgaria: NPP Kozloduy to cut Russian fuel supplies Read More »
Kozloduy Nuclear Power Plant decided to terminate the contract with Russia for the supply of nuclear fuel, executive director Valentin Nikolov said. The contract was due to end in 2025. He added that Russian fuel already delivered will now serve as a reserve. He made the comments during a ceremony marking the loading of the
Greece: Exploratory drilling in Eastern Mediterranean to start by 2026 Read More »
The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security
