Romania: Cernavoda Unit 2...

Unit 2 of Romania’s sole nuclear power plant, Cernavoda, was brought back online...

Montenegro: Major renewable energy...

Two significant renewable energy projects are progressing in the village of Korita, located...

Bulgaria: Solaris Holding launches...

Solaris Holding, a joint venture between Bulgarian-German solar developer Sunotec and Eurohold Bulgaria,...

Bosnia and Herzegovina: Electricity...

Gross electricity production in the Federation of Bosnia and Herzegovina (FBiH) reached 512...
Supported byClarion Energy
HomeSEE Energy NewsEurope: Brent oil,...

Europe: Brent oil, TTF gas and CO2 futures see price increases in January

In the third week of January 2025, Brent oil futures saw an increase, surpassing $80 per barrel in most sessions, with the exception of Tuesday, January 14, when prices dipped to their weekly minimum of $79.92/bbl. On January 15, prices surged by 2.6% to reach their weekly maximum of $82.03/bbl, the highest since August 13, 2024. By Friday, January 17, the settlement price was $80.79/bbl, marking a 1.3% rise compared to the previous Friday.

The rise in Brent oil prices was largely driven by supply concerns related to sanctions on Russian oil and potential future sanctions on Iranian and Venezuelan oil. However, the easing of Middle East tensions, following a ceasefire agreement between Israel and Hamas, contributed to a price decline in the latter part of the week.

Meanwhile, TTF gas futures in the ICE market saw fluctuations, with a 7.2% rise on Monday, January 13, reaching their weekly maximum of €48.26/MWh, the highest since January 4, 2025. By Thursday, January 16, the settlement price fell to its weekly minimum of €46.24/MWh, but on Friday, January 17, prices climbed back to €46.89/MWh, a 1.4% increase from the previous day and 4.2% higher than the prior Friday. The steady prices above €46/MWh were influenced by colder temperatures and reduced European gas reserves.

Lastly, CO2 emission allowance futures for the reference contract of December 2025 saw a steady upward trend throughout the week. On Monday, January 13, they registered a weekly minimum of €76.92/t, already 2.8% higher than the previous Friday. By Friday, January 17, the settlement price rose to €79.26/t, a 5.9% increase from the prior Friday, marking the highest price since May 28, 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

Serbia: US Treasury grants NIS fourth 30-day sanctions reprieve

For the fourth time since April, the US Department of the Treasury has extended Serbian oil company NIS’s waiver from full sanctions implementation, pushing the new deadline to 29 July 2025. This extension follows NIS’s recent application for a special...

Romania: Cernavoda Unit 2 returns to service following safety inspections and smoke incident

Unit 2 of Romania’s sole nuclear power plant, Cernavoda, was brought back online on the morning of 27 June after a controlled shutdown on 25 June for inspections and minor repairs. Operator Nuclearelectrica confirmed that all corrective actions complied...

Montenegro: Major renewable energy projects advance in Korita

Two significant renewable energy projects are progressing in the village of Korita, located in Bijelo Polje municipality, Montenegro: a €200 million solar power plant and a wind farm with an installed capacity of 72.6 MW. The wind farm, developed by...
Supported byVirtu Energy
error: Content is protected !!