Parvin Faghfouri Azar

Europe’s Power Prices Surge to New Record

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on Tuesday amid low Russian gas supply and a heatwave constraining supply and output from other fuel sources. Over the past year, German power prices have soared …

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Norway Hits Export Record amid Soaring Gas Prices

Norway’s exports reached a record in July, driven mainly by natural gas prices that have soared since Russia’s invasion of Ukraine. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner (US$24 billion) last month, 0.4 per cent higher than the previous record set in March …

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Crude Oil Boosted by US Demand Revival Data

Crude oil futures gained on Wednesday morning as industry data in the US showed more-than-expected decline in inventories last week. At 10.30 am on Wednesday, October Brent oil futures were at $92.92, up 0.5 per cent, and September crude oil futures on WTI were at $87.39, up by 0.85 per …

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Russian Gas Flows to Europe have Remained Steady

According to operator data, gas flows from Russia to Europe through some major pipelines remained steady, although low, on Tuesday. Physical flows through the Nord Stream 1 pipeline from Russia to Germany were 14,604,119 kilowatt hours per hour (kWh/h) from 7:00 to 8:00 CET, consistent with levels reported on Monday …

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