In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices […]
Europe: Electricity prices fall in early April amid increased renewable production Read More »
In the first week of April, average electricity prices decreased in most major European markets compared to the previous week. The only exception was the Nord Pool market of the Nordic countries, which saw a 5.0% increase. The EPEX SPOT market in France experienced the largest percentage price drop, with a 46% decline. Other markets,
Europe: Electricity demand declines in late March 2025, with regional variations Read More »
In the week of March 31, electricity demand in most major European markets decreased compared to the previous week. The French and British markets saw the largest drops, with declines of 8.5% and 7.3%, respectively. Other markets, including Spain, Germany, Portugal, and Belgium, also experienced reductions in demand, ranging from a 2.3% decline in Spain
In the first week of April, solar photovoltaic energy production saw an increase across most major European electricity markets compared to the previous week. Germany experienced the most significant growth, with a 54% rise, while France and Italy saw increases of 28% and 41%, respectively. However, solar energy production decreased in the Iberian Peninsula, with
In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,
Europe: Wind turbine orders surge in Q4 2024, with Germany, UK and Turkey leading Read More »
In the fourth quarter of 2024, a total of 16 European countries placed orders for wind turbines, reaching a combined capacity of 9.3 GW. This marks a significant 121% increase compared to the previous quarter and a 77% rise from the same period the previous year. Germany led the way with the largest order volume,
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in mid-March Read More »
In the third week of March, Brent crude oil futures for the Front Month on the ICE market remained above $70 per barrel. The weekly low settlement price of $70.56/bbl was recorded on Tuesday, March 18, followed by an upward trend that culminated on Friday, March 21, with a weekly high of $72.16/bbl—an increase of
European natural gas prices in Week 11 of 2025 saw significant fluctuations, particularly on Monday, March 10, when prices hit their lowest for the week. This drop followed comments by Russian President Vladimir Putin, who suggested that a potential energy cooperation deal between Moscow and Washington could boost Russian gas supplies to Europe. Despite the
During the second week of March, oil, gas, and CO2 futures prices experienced fluctuations due to a mix of global economic concerns and geopolitical tensions. Brent oil futures for the Front Month in the ICE market reached their weekly low on Monday, March 10, settling at $69.28 per barrel, the lowest price since September 11,
In the first week of March, Brent oil futures saw a decrease in prices, following a 2.1% drop on Monday, March 3, from the last session of the previous week. Despite this decline, the futures reached their highest settlement price of the week at $71.62/bbl. Prices continued to decrease until March 5, when they hit
