PZ ERS in the news - NRC: As oil and gas prices fall, things remain grim on the energy front
Make of it what you will. Not long ago, the Western world was groaning under sky-high energy prices. Oil tapped $125 a barrel last summer, not far off the all-time record of $150 from 2008. Gas cost ten, eleven times as much as normal. Companies went bankrupt, consumers sometimes had to move out of [...]
PZ ERS in the news - Reuters: GLOBAL LNG-Asian spot LNG prices hit 20-month low, incentivizes Chinese return
The average LNG price for April delivery into northeast Asia LNG-AS was $13.50 per million British thermal units (mmBtu), down $1, or 6.9%, from the previous week, industry sources estimated. Prices have fallen nearly 52% year-to-date and around 81% from the August 2022 peak at $70.50/mmBtu. "Pricing in Asia is now sufficient to bring Chinese activity, with [...]
PZ ERS in the news - News Hour: More fixed energy contracts.
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PZ ERS in the news - BNR: Energy giants drop rates, but uncertainties persist
Meanwhile, both gas and electricity prices have already dropped considerably recently. This is mainly due to the relatively mild winter, Van Cleef knows. "As a result, we have been able to replenish gas stocks well and prices have fallen. Van Cleef suspects that this decline will continue for some time. Risks 'But not [....]
PZ ERS in the news - Financieel Dagblad: Dutch business happy with high CO₂ price
Now that the price on CO₂ emissions has risen above €100 per ton for the first time, it is more attractive for Dutch industry to become more sustainable. Green investments that previously did not pay off are now profitable, industry interest groups tell the FD. A high carbon price means higher costs for business, but it [...]
PZ ERS in the news - Wed: Gas prices continue to fall. Will we see that reflected on energy bills?
After months of an ominous economic outlook, the tide seems to be cautiously turning. Already this week it was revealed that the dreaded recession in the Netherlands has been averted for the time being. An extreme European energy crisis also appears to have been averted for this winter. European gas stocks are historically well stocked and for the first time in seventeen months the European gas price has fallen below [....]
PZ ERS in the news - BNR: European gas price cap enters into force
BNR covered the February 15, 2023 broadcast on the entry into force of the Market Correction Mechanism, also known as the European price cap in the wholesale gas market. Hans van Cleef spoke on the BNR broadcast about its consequences. Link
PZ ERS in the news - RTL Z News: Ban on diesel oil imports Russia
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PZ ERS in the news - BNR: Price cap on Russian diesel, what are the effects?
A price cap on Russian crude took effect back in December. This proved difficult to enforce in practice. The oil could still be processed into diesel in India, for example, and thus come to Europe. According to Hans van Cleef, sector economist for energy at Publieke Zaken, the price ceiling is nevertheless more than a paper tiger. 'This works [...]
PZ ERS in the news - Reuters: EUROPE POWER-Monday spot prices jump on sharp fall in wind power
We expect volatile wind power generation in Germany and throughout the region this weekend and into Monday, while consumption is also forecast to drop week on week on higher temperatures, Refinitiv analysts said. Gas markets, weather forecasts, carbon allowances, French strikes and the water levels of some European rivers are on the radar for electricity [...].