OTHER COUNTRIES
Oil prices edge up on tighter supply, depleting stocks
Date: 02.10.2023 Author: Robin Newbold, Montel
Photo: Montel
Oil prices were edging up on Monday – but off the multi-month highs hit last week – amid tightening supply and weaker inventory levels.
Weak fundamentals pressure EUAs lower
Date: 29.09.2023 Author: Nathan Witkop, Montel
Photo: Montel
European carbon prices were down 3% on the week to Friday as mild weather, healthy gas stocks and stagnating industry activity weighed on demand.
Gas prices fall on mild weather outlook
Date: 29.09.2023 Author: Maria Haensch, Montel
Photo: Andreja Krašna
Prices for the new TTF front month contract, November, fell on Friday amid forecasts for mild temperatures, though increasing competition for LNG remained an upside risk.
OECD group urges EU, global banks to fund nuclear buildout
Date: 29.09.2023 Author: Caroline Pailliez, Montel
Photo: Pixabay
A group of more than 20 OECD countries led by France has called on international organisations including the EU to finance nuclear energy projects as part of net-zero targets.
Oil slips from multi-month highs in technical correction
Date: 29.09.2023 Author: Ciara Cunnane, Montel
Photo: Victor Habbick via FreeDigitalPhotos
Oil prices continued down in early trading on Friday after a sharp retreat on Thursday in a technical correction from multi-month highs reached earlier in the session.
EC official calls for 10-fold rise in renewables buildout
Date: 28.09.2023 Author: Enza Tedesco, Alina Trabattoni, Montel
Photo: Montel
Europe must increase its renewables buildout 10-fold from current rates to meet 2030 climate targets, a European Commission official told an energy conference in Milan on Thursday.
Brent crude oil extends 10-month high above USD 97/bbl
Date: 28.09.2023 Author: Jeff Coelho, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices reached new 10-month highs in early trading on Thursday, buoyed by tightening global supplies and a larger-than-expected drawdown in US crude inventories.
Revised gas directive to unleash hydrogen boom – MEP
Date: 27.09.2023 Author: Nathan Witkop, Montel
Photo: Roman Peklaj
A wave of investment in hydrogen infrastructure will follow revisions to the EU’s gas directive expected to be concluded by the end of the year, a key European Parliamentarian has told Montel.
EC plans to unveil wind support package on 24 October
Date: 27.09.2023 Author: Siobhan Hall, Montel
Photo: Interenergo
The European Commission plans to unveil a wind power package to boost the sector on 24 October, said a spokesperson on Wednesday.
Oil rises on supply concerns but economic woes cap gains
Date: 27.09.2023 Author: Juliette Portala, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices rose on Wednesday on persisting supply concerns, though economic concerns continued to put a cap on gains.
Plunging solar capture rates could slow investment – Rystad
Date: 26.09.2023 Author: Anton Tigerstedt, Montel
Photo: Montel
An expected halving of capture rates for solar power in Europe this decade could deter investment and potentially threaten future capacity targets, said an analyst at Rystad Energy.
Oil prices fall as economic woes trump supply concerns
Date: 26.09.2023 Author: Juliette Portala, Montel
Photo: OMV Petrom
Oil prices slipped on Tuesday as economic concerns trumped fears over tightening crude supplies fuelled by ongoing Saudi Arabian and Russian output cuts.
