Brent oil futures for the Front Month on the ICE market reached their highest settlement price of the week on Monday, May 19, at $65.54 per barrel. After that, prices declined, hitting the weekly low of $64.44 per barrel on Thursday, May 22. By Friday, May 23, prices had slightly recovered by 0.5 percent from […]
In the fourth week of May, average electricity prices decreased in most major European markets compared to the previous week. The MIBEL markets of Spain and Portugal saw the most significant percentage drops, with prices falling by 46 percent and 48 percent, respectively. In contrast, some markets experienced slight increases. Italy’s IPEX market recorded a
European electricity demand trends: Mixed movements amid temperature changes in late May Read More »
During the week of May 19, electricity demand declined in most major European markets compared to the previous week. Belgium recorded the largest decrease at 1.9 percent, while Italy and France saw the smallest reductions, both at 0.2 percent. In Portugal, electricity demand dropped by 0.6 percent. In contrast, Germany, Great Britain, and Spain reversed
In the week of May 19, solar photovoltaic energy production increased for the third consecutive week in the Iberian markets. Spain experienced the largest rise with an increase of 10 percent, while Portugal saw an 8.9 percent growth. In contrast, the markets of Germany, Italy, and France reversed the previous week’s upward trend and recorded
Europe: Wind turbine orders reach 5.8 GW in Q1 2025 despite quarterly decline Read More »
In the first quarter of 2025, ten European countries collectively ordered wind turbines with a total capacity of 5.8 GW, according to WindEurope data. This represents a 38% decrease compared to the last quarter of 2024. Germany led new orders with 1.8 GW, followed by Poland with 1.5 GW, and Turkey with 805 MW. Significant
Bulgaria: IBEX sets new daily record on intraday market with over 22,500 MWh traded Read More »
The Independent Bulgarian Energy Exchange (IBEX) set a new daily trading record on its intraday market segment using the continuous trading mechanism for the delivery day of 21 May 2025. A total of 22,546.78 megawatt-hours (MWh) were traded, marking a new high. Of this amount, 17,547 MWh were exchanged through 60-minute products, while 4,999.78 MWh
The Agency for the Cooperation of Energy Regulators (ACER) has released a report highlighting recent changes in the European LNG market and offering strategies to manage risks related to fluctuating prices and supply. With uncertainty surrounding the EU’s climate goals, future gas consumption remains unclear. LNG demand could vary by up to 90 billion cubic
During the third week of May, Brent crude oil futures for the Front Month on the ICE market consistently settled above $65 per barrel in most trading sessions. The highest settlement price of the week was recorded on Tuesday, May 13, at $66.63 per barrel—the highest level since April 26. However, prices began to decline
During the week of May 12, electricity demand declined in most major European markets compared to the previous week. Great Britain recorded the largest decrease, with demand falling by 3.7 percent. Germany and Italy followed, with decreases of 1.3 percent and 1.2 percent, respectively. Spain saw the smallest drop, at 0.8 percent. In contrast, Portugal,
Europe: Solar and wind energy output surges in mid-May, with new records set Read More »
During the week of May 12, solar photovoltaic energy production increased across the main European electricity markets. France and Italy recorded the largest growth, with increases of 19 percent and 18 percent, respectively. The Iberian Peninsula experienced its second consecutive week of growth, with solar energy production rising by 9.2 percent in Spain and 13
