European natural gas prices bounced back on Monday, June 2, after posting their first weekly loss in four weeks on Friday, May 30, amid growing concerns over storage levels. In the ICE market, TTF gas futures for July 2025 delivery remained relatively stable during the first week of June, hovering around €36/MWh. On June 2, […]
Europe: Natural gas prices rebound amid maintenance and geopolitical tensions Read More »
Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than
In the first week of June, average prices in most major European electricity markets rose compared to the previous week. The only exceptions were the Nord Pool market of the Nordic countries and the EPEX SPOT market of France, which experienced price decreases of 1.8 percent and 39 percent, respectively. The MIBEL market of Portugal
During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging
During the week of June 2, solar photovoltaic energy production decreased in the main European markets compared to the previous week. France registered the largest decline, with a drop of 22 percent, while Spain showed the smallest decrease, at only 0.3 percent. In Italy, Germany, and Portugal, solar production fell by 2.4 percent, 8.9 percent,
European solar and wind energy trends in early June: Records amid fluctuations Read More »
Europe is currently facing a significant challenge in its efforts to refill underground gas reserves ahead of the 2025/2026 winter season. By the end of May, gas levels in storage facilities were considerably lower compared to the same time last year, prompting concern across the continent. The European Union has set a goal to reach
Europe races to refill gas reserves amid supply strains and winter fears Read More »
A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) projects that the European Union could reduce its total imports of natural gas and liquefied natural gas (LNG) by 25% between 2024 and 2030. This forecast is driven by a continuing decline in gas consumption, fueled by the EU’s increasing adoption of
A recent analysis commissioned by Eurelectric indicates that moving toward electricity-based energy systems could revitalize Europe’s industrial competitiveness, reduce its dependence on fossil fuels, and boost economic growth. Electricity has already become a more efficient option than fossil fuels in some sectors, and its broader application in heavy industries could also be economically viable by
In the fifth week of May 2025, TTF gas futures on the ICE market for June delivery were lower compared to the previous week, averaging around €36/MWh. On Monday, May 26, TTF gas futures reached their highest settlement price of the week at €37.369/MWh, which was 2.5% higher than the last session of the previous
During the last week of May, settlement prices for Brent oil futures for the Front Month on the ICE market remained below $65 per barrel. The highest settlement price of the week was recorded on Tuesday, May 28, at $64.90 per barrel. Prices then declined, reaching the weekly minimum of $63.90 per barrel on Friday,
