Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $69.14 per barrel on Tuesday, September 2, marking the highest level since August 2. Following this peak, prices declined, reaching a weekly low of $65.50 per barrel on Friday, September 5. This represented a 3.8% drop compared […]
During the first week of September, average electricity prices in major European markets fell compared to the previous week. The Nordic Nord Pool market and France’s EPEX SPOT market recorded the largest percentage drops at 38% and 48%, respectively. Italy’s IPEX market and Germany’s EPEX SPOT market saw the smallest decreases at 3.1% and 5.9%.
During the first week of September, electricity demand rose in most major European markets compared to the previous week. The British market experienced the largest increase at 7.2%, driven by a recovery in demand following the Summer Bank Holiday on August 25. Germany, Italy, and Portugal also saw growth, with increases of 1.7%, 2.1%, and
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In the first week of September, solar photovoltaic energy production rose in the French, Italian, and Spanish markets compared to the previous week, reversing the downward trend seen in recent weeks. The French market recorded the largest increase at 6.3 percent, while the Spanish market saw the smallest rise at 1.1 percent. Italy reported a
Europe: EU stands firm on plan to end Russian oil imports by 2028 despite opposition Read More »
US President Donald Trump has urged European leaders to stop buying Russian oil as part of efforts to end the war in Ukraine. Energy remains Russia’s most profitable export, and fuel revenues continue to help finance the conflict. In response, the EU is negotiating legal proposals to phase out oil and gas imports from Russia
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Under the European framework aimed at ensuring a reliable and competitive gas supply, underground gas storage facilities in the EU must be at least 90% full before the start of winter. These rules were introduced in 2022 after Russia’s invasion of Ukraine, when the EU adopted the gas storage regulation as part of a broader
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In the first half of 2025, Europe expanded its wind energy portfolio by 6.8 GW, bringing the continent’s total installed capacity to 291 GW. Of this, 5.3 GW was installed within the European Union. Onshore wind accounted for the majority of the growth with 6 GW, representing an 89% increase compared to the same period
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European natural gas futures fell in the last week of August as weak demand allowed storage levels to rise faster than the impact of reduced Norwegian supply caused by maintenance work. Despite the decline, the weekly average price was still higher than the previous week. TTF gas futures on the ICE market for October 2025
During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a weekly low of $67.22/bbl. From August 27 onward, Brent prices rose again, staying above $68/bbl for
During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market and the EPEX SPOT markets of the Netherlands and Germany also saw price rises of 3.6%,
