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EU annual inflation down to 0.2% in November

- Highest contribution to annual euro area inflation rate comes from food, alcohol, tobacco, says Eurostat

home > Europe 18.12.2020 10:32

EU annual inflation down to 0.2% in November

Consumer prices in the EU was 0.2% year-on-year in November, the bloc’s statistics office said on Thursday.

The figure was 0.3% in October and a year earlier it was 1.3%, the Eurostat said.

In euro area, the annual inflation rate was -0.3% in November 2020, stable compared to October. A year earlier, the rate was 1.0%.

In November, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+0.36 percentage points), followed by services (+0.25), non-energy industrial goods (-0.07) and energy (-0.82).

Compared with a month earlier, annual inflation fell in 14 member states, increased in nine, and remained stable in four.

The lowest rate was seen in Greece at minus 2.1%, followed by Estonia and Southern Cyprus with minus 1.2% and minus 1.1%, respectively.

Poland (3.7%), Hungary and the Czech Republic (2.8%) posted the highest inflation rates in November.

The eurozone/euro area, or EA19, represents member states that use the single currency – euro – while EU27 includes all member countries of the bloc.​​​​​​​

By Aysu Bicer

Anadolu Agency

energy@aa.com.tr


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25.01.2021 Oil , Europe , General

Renewables overtake fossil fuels in Europe in 2020

- Europe's electricity in 2020 was 29% cleaner than 2015 with carbon dioxide per KWh dropping to 226 grams from 317 grams
26.01.2021 Finance , Renewable , Energy Projects , Europe

Europe orders record 15 GW of new wind turbines in 2020

- Despite ongoing COVID-19 pandemic, both onshore and offshore orders showed increases in European sales
26.01.2021 Finance , Renewable , Europe , General

Brent oil price down 0.18% for week ending Jan. 22

- US higher stimulus package boosts rises limited by negative vaccination results of elderly and China's virus resurgence
23.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down as China tightens virus restrictions

- Hopes for $1.9 trillion aid package in US limits further declines in oil price
22.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down over estimated rise in US stocks

-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
22.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up as markets await higher stimulus in US

- Incoming US Treasury Secretary says benefits of big package outweigh costs of higher debt burden
21.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Var Energi given 10 new exploration licenses in Norway

- Var Energi has been granted 5 operatorships and 5 partnerships in licenses on Norwegian Continental Shelf
19.01.2021 Oil , Finance , Europe , General

Oil prices mixed ahead of power transition in US

- Positive investor sentiment is boosted by data from China as country’s refineries post record production in 2020
20.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Hydro produces 90.8% of Norway's electricity in Dec.

- Norway produced 16.22 terawatt-hours of electricity in December
19.01.2021 Electricity , Hydro , Europe , General

Turkish, Greek militaries conclude NATO-hosted meeting

- Technical meeting by military delegations of 2 countries took place at NATO headquarters in Brussels
19.01.2021 Energy Security , International Relations , Turkey , Europe

Oil prices down on concerns over COVID-19 vaccines

- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
19.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Iran-EU tensions reach fever pitch over nuclear program

- UK, Germany and France warned Iran against starting work on uranium metal-based fuel
18.01.2021 Nuclear , Europe , Americas , Middle East-Africa

Brent oil price down 0.52% for week ending Jan. 15

- Re-emergence of coronavirus in China tempered gains that were supported by higher US stimulus package
16.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down as virus cases on rise in China

- Further falls capped when US President-elect unveiled virus relief plan to provide direct payment of $1,400 to individuals
17.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Global oil demand to increase 6.56% in 2021: OPEC

- Crude output increased mainly in Libya, Iraq, and the UAE while output decreased in Nigeria, Congo and Angola, says OPEC
15.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over lingering demand concerns

-Despite large US crude stock drawdown, investors still have demand concerns amid debate on efficacy of coronavirus vaccines
15.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up on large fall in US crude stocks

-Investors continue watching vaccine developments amid rising global cases, invoking tighter restrictions and weak oil demand
14.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up over higher US pandemic relief plan

- Increase in number of coronavirus cases worldwide and tightening measures continue to raise concerns over oil demand
13.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over reemergence of virus in China

- Increasing number of US oil rigs also weighs on prices, signaling greater short-term output and raising supply glut concerns
11.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Turkey aiming to turn new chapter with EU: Top diplomat

- Turkey is part of Europe, ready for cooperation to resolve problems Europe is facing, says foreign minister
09.01.2021 Energy Diplomacy , Turkey , Europe

Spain’s electricity prices soar amid cold snap

- Minister for consumption says he has requested investigation into energy market ‘irregularities’
10.01.2021 Electricity , Europe

Wind, water produce most of EU renewable power in 2019

- In 2019, renewable energy sources comprised 34% of gross electricity consumption in European Union
09.01.2021 Finance , Wind , Solar , Hydro , Europe

Oil prices up over 4% for week ending Jan. 8

- Surprise Saudi output cut at OPEC+ meeting and increasing rates of Asian shares are main reasons for driving prices up
09.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Belgium's renewable generation up 31% in 2020

- Average monthly price on the day-ahead market sees historic low of €31.9/MWh
08.01.2021 Renewable , Energy Security , Europe

2020 sees big developments in Baltic Sea offshore wind

-Poland, Germany, Denmark, Sweden, Finland, Lithuania, Estonia and Latvia sign declaration to boost offshore wind energy
09.01.2021 Finance , Wind , Renewable , Europe

Iran to uphold right to regain lost oil market share

- New US Administration could alleviate economic sanctions on Iran but this would require strict nuclear deal compliance
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up still buoyed by OPEC+ output cut

- OPEC+ decision to cut output by more than expected in February and March relieves markets from low demand amid lockdowns
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil up on inventory fall, protests in US

- Commercial crude oil stocks decrease by 8 million barrels against market expectation of 1.5-million barrel fall
08.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

EU authorizes Moderna’s COVID-19 vaccine

- Bloc’s medicines agency recommended granting conditional authorization to US-developed jab
07.01.2021 Europe

UK, France, Germany ‘concerned’ over Iran nuclear enrichment

- Commencement of uranium enrichment up to 20% violates Iran’s commitments under nuclear deal, says joint statement
07.01.2021 Europe , Middle East-Africa

Oil supplies via BTC p/line buoyant despite lockdowns

- However, oil pipeline deliveries of 210.7 million barrels in 2020 marks 9.6% fall compared to 2019
07.01.2021 Oil , International Organization , Turkey , Europe , Eurasia

Oil prices soar after surprise OPEC+ output cut

- Group agrees to cut production by 925,000 barrels per day in Feb. and 850,000 barrels per day in March from January rate
07.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Turkey calls on Greece for talks on East Med

- 'We expect all 3rd parties to evaluate problems between Turkey, Greece objectively,' says Turkish defense minister
06.01.2021 Natural Gas , Turkey , Europe

Saudis unilaterally cuts 1M bpd to solve OPEC+ tie

- Group agrees to cut production by 925,000 bpd in February and 850,000 bpd in March from rate of January
07.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent over $53 as OPEC resumes meeting

-Investors expect no change result while world’s largest oil producers resumed talks to decide next month’s output level
06.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices down over adjourned OPEC+ meeting

- Meeting to resume later Tuesday after inconclusive Monday meeting due to splits on production cuts among member countries
06.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil prices up ahead of OPEC+ meeting

-At meeting later Monday, group will decide February's production quota, which is expected to remain at 7.2M barrels per day
05.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Brent oil price up 0.11% for week ending Dec. 31

- US crude oil inventories, which declined more than expected, contributed to prices increases
01.01.2021 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

TAP opens commercial gas flow from Azerbaijan to Europe

- For first time in history, Azerbaijan's natural gas reaches European market through direct pipeline connection, SOCAR says
02.01.2021 Natural Gas , Europe

EU to buy extra 100M doses of Pfizer/BioNTech vaccine

- Addition will bring total from 2 firms to 300M doses of COVID-19 vaccine
30.12.2020 Europe

Oil prices up on economic rebound optimism

- API estimates 4.8M-barrel decline in US crude oil inventories last week from market expectation of 2.1M-barrel draw
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Turkey, UK sign historic free trade agreement

- New deal, covering all industrial, agricultural goods, set to take effect on New Year, Jan. 1, says Turkish trade minister
30.12.2020 Turkey , Europe

EU members approve Brexit trade deal

- Top EU officials, British premier to sign trade agreement Wednesday
30.12.2020 Europe

Oil prices up after US okays stimulus payments

- Investors are now waiting for outcome of OPEC+ meeting on Jan. 4 when group will decide on next month’s production quota
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down on demand fears from spread of virus variant

-US President Donald Trump finally signs pandemic relief pack, boosting hopes for economic recovery in country
30.12.2020 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa
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