Slovenia: Westinghouse and Hyundai...

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering &...

Romania seeks extension on...

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a...

Greek electricity market shifts:...

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings...

Greece: Government approves 300...

The Greek Government has granted environmental approval for a 300 MW solar project...
Supported byClarion Energy banner
HomeSEE Energy NewsEurope: Brent oil,...

Europe: Brent oil, gas and CO2 prices see fluctuations in the fourth week of January 2025

In the fourth week of January, Brent oil futures continued their downward trend that began the previous week. The settlement price reached a weekly high of $80.15/bbl on Monday, January 20, before falling to a low of $78.29/bbl on Thursday, January 23. A slight recovery occurred on Friday, January 24, with the price settling at $78.50/bbl, still 2.8% lower than the previous week. Contributing to this decline were the ceasefire agreement between Israel and Hamas, which eased supply concerns, and the outlook of increased US production.

Meanwhile, TTF gas futures experienced an increase in most sessions during the fourth week of January. After reaching a weekly low of €47.85/MWh on January 20, the price surged by 4.5% the next day, hitting €50.03/MWh—its highest point since January 3, 2025. Despite some fluctuations, the price settled at €49.70/MWh on Friday, January 24, reflecting a 6.0% increase from the previous Friday. This increase was driven by declining European gas reserves and interruptions in Russian gas supplies, although some LNG shipments to Europe helped limit the rise.

CO2 emission allowance futures saw a general upward trend throughout the week, with the exception of January 22. After reaching a weekly low of €78.94/t, these futures rose to €81.67/t by Friday, January 24, marking a 3.0% increase from the previous Friday and the highest price since December 30, 2024, AleaSoft reports.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Slovenia: Westinghouse and Hyundai to conduct feasibility study for Krško nuclear power plant expansion

US-based nuclear energy company Westinghouse, in collaboration with South Korea’s Hyundai Engineering & Construction, will conduct a technical feasibility study for the planned second unit at Slovenia’s Krško nuclear power plant. The study will explore the potential installation of...

Romania seeks extension on coal plant shutdowns, calls for balanced energy transition

Romanian Energy Minister Sebastian Burduja announced that the Ministry will formally submit a proposal to the Ministry of Investments and European Projects to request an extension of the deadlines for shutting down coal-fired power plants, along with a detailed...

Greek electricity market shifts: Protergia and Zenith gain market share, PPC sees decline

Data from Greece's regulatory authority for energy (RAAEY) reveals that the market rankings among independent electricity suppliers in the country shifted between September and November of last year. Public Power Corporation (PPC), the state-owned dominant player, saw a slight decline...
Supported bySEE Mining News
error: Content is protected !!