http://www.energymarketprice.com/energy-news/daily-09-02-2018-german-spot-power-price-tumbled-by-18-2-on-forecasts-of-higher-wind-generation-and-lower-demand
Oil prices fell to their lowest level in seven weeks on Thursday due to
worries regarding increasing global supplies after Iran declared about
its plans to boost production and U.S. crude output hit record peaks.
Brent crude slumped by 1.1 percent, to settle at $64.81 per barrel. WTI
crude edged 1% lower at $61.15 per barrel.
[Meanwhile, Canadian 'oil', a blend of bitumen, diluents and perhaps
some conventional crude known as Western Canada Select (WCS), closed at
US$33.12 a barrel (at the close Feb. 7). Despite inter-provincial
quarrels and federal government bullying
(https://www.reuters.com/article/us-kinder-morgan-cn-pipeline-protests/canadian-police-arrest-two-at-kinder-morgan-pipeline-protest-idUSKBN1FT0HX)
at the behest of the U.S. oil industry, the pricing tells us this is a
product the world doesn't really want.]
European spot electricity prices for day-ahead delivery decreased on
Thursday following forecasts of an increase in wind power generation and
a slump in consumption. The baseload German spot power price tumbled by
18.2 percent to settle at 40.80 euros/MWh. The French contract fell by
13.5 percent to end at 47.20 euros/MWh.
[The adoption of renewables continues to democratize energy in Europe,
and provide lower costs to consumers.]
