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Europe: EU LNG imports reach record high amid supply shifts and rising demand Read More »

Europe: EU LNG imports reach record high amid supply shifts and rising demand

In the first six months of 2025, the European Union imported a record 75 billion cubic meters of liquefied natural gas, marking a 40 percent increase compared to the same period last year, or an additional 22 billion cubic meters. Greg Molnar from the International Energy Agency attributes this surge to a combination of factors. […]

Europe: Gas prices remain stable in early July amid strong supply and market adjustments Read More »

Europe: Gas prices remain stable in early July amid strong supply and market adjustments

In Week 27, European gas prices remained stable, supported by strong supply from Norway and LNG imports. Natural gas futures for delivery in August 2025 on the ICE market hovered around €33/MWh, near two-month lows. This stability was driven by abundant supply and reduced demand from the power sector following the end of the heatwave

Brent oil, TTF gas and EU carbon prices show mixed movements in early July amid market pressures Read More »

Brent oil, TTF gas and EU carbon prices show mixed movements in early July amid market pressures

In the first week of July, Brent oil futures for the Front Month on the ICE market started with price declines. On Tuesday, July 1, the futures hit their weekly low settlement price of $67.11 per barrel. Following a 3.0% increase the next day, prices peaked at $69.11 per barrel on July 2. However, prices

Europe: Electricity prices rise in early July amid higher demand and lower wind production Read More »

Europe: Electricity prices rise in early July amid higher demand and lower wind production

In the first week of July, average electricity prices increased across the main European markets compared to the previous week. The smallest increases were recorded in the MIBEL market of Portugal and Spain, and in the IPEX market of Italy, with price rises of 4.4%, 4.5%, and 4.7%, respectively. In contrast, the largest increases occurred

Electricity demand rises across Europe in early July amid heatwave, set to decline as temperatures fall Read More »

Electricity demand rises across Europe in early July amid heatwave, set to decline as temperatures fall

In the first week of July, electricity demand increased across the main European markets compared to the previous week. The highest rise was recorded in Spain, where demand grew by 6.6%. Other notable increases were seen in Portugal with 6.1%, Belgium with 3.9%, and Italy with 3.8%. Germany registered a more modest increase of 0.8%.

Solar and wind energy trends in Europe: Record solar output and shifting wind generation in early July Read More »

Solar and wind energy trends in Europe: Record solar output and shifting wind generation in early July

In the first week of July, solar photovoltaic energy production increased in the German, Portuguese, and French markets compared to the previous week. The growth rates were 15% in Germany, 13% in Portugal, and 1.8% in France. On the other hand, Italy and Spain experienced a decline in weekly solar photovoltaic production, with decreases of

Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip Read More »

Europe: TurkStream becomes sole Russian gas route amid rising flows and temporary dip

According to data from the European Network of Transmission System Operators for Gas (ENTSO-G), Russian gas exports to Europe via the TurkStream pipeline increased by 7.3 percent year-on-year in the first half of 2025, reaching a total of 8.3 billion cubic meters. Despite this overall growth, June saw a decline in shipments, which dropped by

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports Read More »

Coal’s decline in the EU: Sharp drop in production, consumption and reliance on imports

Last year marked a significant decline in coal production and usage across the European Union. Coal output dropped to 242 million tons, while consumption fell to 306 million tons, representing year-on-year decreases of 12 percent and 13 percent, respectively. The most notable reductions occurred between 2022 and 2023, when coal production declined by 21 percent

Dutch gas prices drop over 10% in Week 26 amid Iran-Israel Ceasefire; EU sanctions on Russia stall due to Hungary and Slovakia opposition Read More »

Dutch gas prices drop over 10% in Week 26 amid Iran-Israel Ceasefire; EU sanctions on Russia stall due to Hungary and Slovakia opposition

Dutch wholesale gas prices dropped more than 10% in Week 26, following news of a ceasefire agreement between Iran and Israel that removed market fears of potential oil and gas supply disruptions. TTF gas futures on the ICE market, Europe’s benchmark for contracts delivering in August 2025, traded around €36/MWh for most of the week.

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions Read More »

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to fall on Tuesday, June 24, dropping 6.1% from Monday and reaching the week’s minimum settlement price

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