- June 10th, 2021
EUROPE POWER-Spot prices down on rising wind power supply
European spot electricity prices for Friday delivery slid on Thursday on a forecast of rising wind power supply in Germany and France.
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European spot electricity prices for Friday delivery slid on Thursday on a forecast of rising wind power supply in Germany and France.
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Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring.
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European power curve prices jumped on Wednesday, tracking gains in carbon permits and oil.
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British wholesale gas prices extended the previous day’s rally on Wednesday morning, still supported by ongoing maintenance in Norway and bullish Asian gas and carbon markets.
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Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.
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European prompt power prices ticked up on Tuesday as German wind power supply is seen declining from a day earlier.
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British wholesale gas prices rose on Tuesday morning, extending the gains from the previous session, due to heavy maintenance in Norway, although stable demand due to warm weather still kept the UK system oversupplied.
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Oil prices extended their losses on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China’s oil imports fell in May.
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European spot electricity prices on Monday rose on higher consumption forecasts and lower anticipated output of German and French wind turbines and nuclear reactors.
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Oil eased after hitting a two-year peak on Monday, pressured by the prospect of higher Iranian exports though recovering demand and OPEC+ supply curbs provided underlying support. ›