OIL Markets have been experiencing dehorning by the bears with the benchmark BRENT trading at $69.45/bbl and WTI Crude trading at $66.12/bbl. We have seen a short squeeze on Natural Gas to $4.34/mmBtu pricing as plays within the COTs Reports have had sluggish skewness pushing prices higher currently at $4.50/mmBtu.Tread cautiously as this is thin ice.

While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.

Ofgem's new cap of 1,849 pounds ($2,334.18) a year for average use of electricity and gas is up 111 pounds, or 6.4%, from 1,738 pounds under the previous cap.

Last year, Ukraine received 724 million cubic meters of gas from abroad, according to estimates from ExPro Consulting in Kyiv. About a third of that was later re-exported to western neighbors, which used the nation’s storage sites.

Under nuclear phase-out plans, agreed in 2019, four of its seven reactors are scheduled to close by the end of 2030, and the other three by 2035.

With strong interest already secured from its financial partners, Fluidstack's Phase 1 of the project will be supported by an initial investment of EUR10 billion (USD10 billion) and is set to become operational in 2026. The facility's Phase 1 will ultimately host about 500,000 next-generation AI chips.

While Europe has managed to diversify its supplies since the energy crisis three years ago, this heating season has served as a reminder of the region’s vulnerability, especially given its growing reliance on volatile LNG flows.

While Europe has managed to diversify its energy supplies since the 2022 crisis — making a phaseout of Russia’s fuel potentially less challenging — this winter has served as a reminder that the region remains vulnerable.

Following five years of stagnation, Germany’s economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.

The battery is based on the radioactive isotope carbon-14. It uses its radioactive decay - it has a half-life of 5,700 years - to generate low levels of power.

The values of the successful bids range from €6.93c/kWh to the maximum permissible value of €7.35c/kWh. The average price stood at €7.15c/kWh, compared to €7.33c/kWh in the previous round.

Europe was not yet out of an energy crisis that began with Russia's invasion of Ukraine in 2022.

The investment is aimed at meeting climate change and energy security targets for the UK, delivering a pathway to net zero emissions and helping the UK reach its goal of a decarbonised electricity sector by 2030.

Just last week, the Britain Remade campaign group said hitting the UK's target for a clean energy grid by 2030 will be "almost impossible" without extending the operation of some of the country's nuclear power plants.

Gazprom, opens new tab said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Thursday, the same volume it has shipped each day since Nov. 12.