The European power futures benchmark at Monday noon was just below an earlier price record, driven by bullish related fuels and carbon, while spot power also had a bull run on negligible wind supply and rising demand.
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Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a fall in U.S. crude stocks and were set for modest weekly gains ahead of a highly anticipated U.S. monthly jobs report. ›
Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, a key source of crude demand, remained offline. ›
Oil prices recovered on Wednesday, after a U.S. industry report showed crude inventories fell more than expected last week, steadying after overnight losses from the impact of Hurricane Ida on U.S. refineries. ›
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output. ›
Oil prices rose on Friday, on track to post big gains for the week, on worries about supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast to hit on the weekend.
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European wholesale spot power prices edged up on Thursday as wind supply was seen lower on Friday.
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Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.
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British wholesale gas prices rose on Wednesday morning on a German court ruling that the Nord Stream 2 (NS2) link with Russia must comply with EU rules requiring the owners of pipelines to be different from the suppliers of the gas that flows through them.
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European wholesale spot power prices rose on Wednesday on a expected drop in solar power supply throughout the region and rising demand in France.
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