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Weak demand keeps a lid on Europe’s gas prices

Date: 09.06.2023 Author: Nathan Witkop, Montel
Weak demand keeps a lid on Europe’s gas pricesPhoto: TAP AG

Weaker than expected European industrial activity is helping to keep a lid on the continent’s gas prices despite growing competition for the fuel with Asia, observers have told Montel.

Renewables, EU aid key to faster Montenegrin decarbonisation

Date: 09.06.2023 Author: Maja Žuvela
Renewables, EU aid key to faster Montenegrin decarbonisationPhoto: Roman Peklaj

The pace of Montenegro's decarbonisation will depend on how fast it can deploy renewables and on EU assistance to help it replace coal, Ivan Mrvaljevic, an executive officer at power utility EPCG,

Oil set for second straight weekly loss on demand unease

Date: 09.06.2023 Author: Ciara Cunnane, Montel
Oil set for second straight weekly loss on demand uneasePhoto: OMV Petrom

Oil prices continued down early on Friday and looked set for a second consecutive week of losses as sombre Chinese inflation data heightened fears about demand amid wider economic pressures.

Serbian power utility Eps to begin search for new CEO soon

Date: 08.06.2023 Author: Dušan Telesković
Serbian power utility Eps to begin search for new CEO soonPhoto: Roman Pekljaj

The Serbian power utility Eps should begin the selection process for a new chief executive soon, the government announced at a press conference on Thursday while introducing the new members of the

EU should adapt its aid to fit current W. Balkan needs – forum

Date: 08.06.2023 Author: Maja Žuvela
EU should adapt its aid to fit current W. Balkan needs – forumPhoto: Roman Peklaj

The EU should adapt its assistance mechanisms to fit the current needs of Western Balkan countries, Janez Kopac, the EU4Energy project’s principal advisor and former director of the Energy Community

Germany, France lend Albania EUR 100m for energy reforms

Date: 08.06.2023 Author: Montel
Germany, France lend Albania EUR 100m for energy reformsPhoto: Roman Peklaj

Albania has received a EUR 100m loan from France and Germany that will mainly be used to continue implementing energy reforms as the country tries to diversify its energy portfolio.

Oil edges down despite signs of tightening supply

Date: 08.06.2023 Author: Montel
Oil edges down despite signs of tightening supplyPhoto: Montel

Oil prices were a shade down early on Thursday, consolidating from this week's gains driven by signs of tightening supply and rising demand.

Energy Community parties to decide on CBAM exemption in June

Date: 07.06.2023 Author: Maja Žuvela
Energy Community parties to decide on CBAM exemption in JunePhoto: Roman Peklaj

Contracting parties should decide in late June whether they want to exploit the possibility of an exemption from the carbon border adjustment mechanism (CBAM), Energy Community Secretariat director

Oil slides as demand worries outweigh Opec cuts

Date: 07.06.2023 Author: Juliette Portala, Montel
Oil slides as demand worries outweigh Opec cutsPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices slipped on Wednesday as demand concerns and weaker economic growth in China cast a shadow on Opec’s recent extension of production cuts.

Oil edges lower as demand concerns trump Opec cuts

Date: 06.06.2023 Author: Juliette Portala, Montel
Oil edges lower as demand concerns trump Opec cutsPhoto: OMV Petrom

Oil prices slipped on Tuesday as concerns about a potential global economic downturn and its impact on demand outweighed yesterday’s boost from an extension of Opec production cuts.

Serbia sets premiums for first wind, solar auctions

Date: 05.06.2023 Author: Maja Žuvela
Serbia sets premiums for first wind, solar auctionsPhoto: Interenergo

Ahead of Serbia’s first renewables auctions this month, the government has set a maximum bid price of EUR 105/MWh for wind and EUR 90/MWh for solar projects, according to the country’s official

Oil prices rise on Saudi production cut, Opec+ extension

Date: 05.06.2023 Author: Juliette Portala, Montel
Oil prices rise on Saudi production cut, Opec+ extensionPhoto: Montel

Oil prices hit their highest level for a month on Monday after Saudi Arabia announced a 1m bbl/day production cut for July, while Opec+ nations extended existing reductions to the end of 2024.



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