During the second week of February, Brent oil futures for the Front Month in the ICE market reached their highest settlement price of the week on Tuesday, February 11, at $77.00/bbl. This marked the highest price since late January. However, in the following days, prices began to decline. By Friday, February 14, Brent oil futures […]
In the second week of February, average electricity prices in most major European markets saw an increase compared to the previous week. Prices maintained an upward trend during the early part of the week but dipped over the weekend, which limited the overall rise in weekly averages. The MIBEL market in Portugal and Spain, however,
In the week of February 10, solar photovoltaic energy production declined across major European electricity markets compared to the previous week. This downturn followed two consecutive weeks of increases in solar energy generation. The German and Portuguese markets saw the most significant drops, with a 38% decrease in Germany and 17% in Portugal, compared to
Europe sees drop in solar and wind energy production in February 2025 Read More »
European natural gas prices have surged to an 18-month high, driven by fast-depleting gas inventories and concerns about future supply. In the first week of February 2025, TTF gas futures for March delivery rose significantly, surpassing €52/MWh. On Tuesday, February 4, TTF gas futures hit a weekly low of €52.048/MWh, which was 3.2% lower than
In Week 06 of 2025, electricity prices across the South Eastern (SEE) European markets experienced a slight increase, influenced by higher demand, a reduction in wind energy generation, and a significant rise in TTF gas futures, which reached their highest settlement in two years. All SEE markets saw electricity prices surge, except for Türkiye. Bulgaria
Brent oil futures for the front month in the ICE market reached a weekly high of $76.20 per barrel on Tuesday, February 4. Following this, settlement prices remained below $75 per barrel for the rest of the week. On February 6, the futures registered their weekly low, settling at $74.29 per barrel—this marked the lowest
In the final days of January 2025, European natural gas prices surged to a 15-month high, driven by dwindling inventories and concerns over future supply disruptions. TTF gas futures for March 2025 delivery, traded on the ICE market, saw a notable increase compared to the previous week, surpassing €47/MWh throughout the week. From January 29
Europe: Natural gas prices soar amid tight supplies and depleting inventories Read More »
In the fifth week of January 2025, electricity market prices in Southeast Europe (SEE) experienced a decline due to stable electricity demand and an increase in wind energy production. All SEE markets saw price reductions, with two-digit decreases, except Italy. Romania and Hungary experienced the highest percentage drops in electricity prices at -23.41% and -23.31%,
In the final week of January, settlement prices for Brent oil futures in the ICE market reached their weekly peak of $77.49 per barrel on Tuesday, January 28. However, subsequent sessions saw prices remain below the $77 mark, with the lowest price recorded on January 29 at $76.58 per barrel. This represented the lowest settlement
Europe: Brent oil, TTF gas and CO2 emissions prices see fluctuations in late January Read More »
In the final week of January, average prices across the major European electricity markets experienced a decline. The IPEX market in Italy saw the smallest decrease, dropping 7.8%, while the MIBEL market of Spain and Portugal witnessed the largest fall, with a 38% drop. Other markets observed price reductions ranging from 13% in the German
Europe: Electricity prices fall in late January, set to rise in early February Read More »
