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Europe: Natural gas prices surge amid Middle East Tensions and Strait of Hormuz risks Read More »

Europe: Natural gas prices surge amid Middle East Tensions and Strait of Hormuz risks

In Week 24 of 2025, natural gas prices in Europe surged amid rising geopolitical tensions in the Middle East. The escalation began after Israel launched a series of strikes on Iran, sparking fears of a broader conflict in a region critical to global energy supplies. This unrest, coupled with forecasts of high temperatures and reduced […]

Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification Read More »

Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification

A recent analysis by the think tank Ember projects that natural gas consumption in the European Union will decline by 7 percent by 2030. This expected decrease is being driven by the rapid expansion of renewable energy sources and a broader shift toward electrification across member states. Ember’s review of national energy strategies from EU

Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns Read More »

Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns

Brent oil futures for the Front Month on the ICE market recorded their lowest weekly settlement price at $66.87 per barrel on Tuesday, June 10. For most sessions during the second week of June, settlement prices stayed below $70 per barrel. However, on Friday, June 13, these futures rose by 7.0% compared to the previous

Europe: Electricity demand rises in most markets amid rising temperatures in early June 2025 Read More »

Europe: Electricity demand rises in most markets amid rising temperatures in early June 2025

In the second week of June, electricity demand rose in most major European markets compared to the previous week. Italy experienced the largest increase at 12%, driven by a rebound in demand following the Republic Day holiday on June 2. France saw a 2.2% increase despite June 9 being the national Whit Monday holiday. Spain’s

Record solar growth and mixed wind trends mark early June in European energy markets Read More »

Record solar growth and mixed wind trends mark early June in European energy markets

During the week of June 9, solar photovoltaic energy production increased across most major European markets compared to the previous week. Germany saw the largest growth with a 41% rise, followed by France with a 38% increase. Italy’s production grew by 6.1%, while Spain experienced a modest 1.2% increase. Portugal, however, recorded its second consecutive

Europe: Fossil fuel and carbon markets rise in early June amid supply concerns and maintenance impacts Read More »

Europe: Fossil fuel and carbon markets rise in early June amid supply concerns and maintenance impacts

Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than

Europe: Rising electricity prices in early June driven by demand and lower renewable output Read More »

Europe: Rising electricity prices in early June driven by demand and lower renewable output

In the first week of June, average prices in most major European electricity markets rose compared to the previous week. The only exceptions were the Nord Pool market of the Nordic countries and the EPEX SPOT market of France, which experienced price decreases of 1.8 percent and 39 percent, respectively. The MIBEL market of Portugal

Europe: Electricity demand rises in early June, driven by holiday recovery and temperature shifts Read More »

Europe: Electricity demand rises in early June, driven by holiday recovery and temperature shifts

During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging

European solar and wind energy trends in early June: Records amid fluctuations Read More »

European solar and wind energy trends in early June: Records amid fluctuations

During the week of June 2, solar photovoltaic energy production decreased in the main European markets compared to the previous week. France registered the largest decline, with a drop of 22 percent, while Spain showed the smallest decrease, at only 0.3 percent. In Italy, Germany, and Portugal, solar production fell by 2.4 percent, 8.9 percent,

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