Google translate of current energy situation in EU and Slovakia from Slovak Data Crunchers from 1 day ago:
source: https://www.facebook.com/databezpatosu/
“OVERVIEW OF ENERGY k . SEPTEMBER
EUR/USD EXCHANGE: We have expanded the table and in the last line you can find the development of the EUR to USD exchange rate. All energy raw materials are quoted in USD and therefore a 20% year-on-year exchange rate drop is in itself very bad news and the trend is still unfavorable for the EU (https://finance.yahoo.com/quote/EURUSD=X/)
GAS STOCKS: We have also added the status of gas storages in the EU. The absolutely fantastic news is 87.4% occupancy yesterday and an increase of 9% over the last month and 2% over the last week (https://gas.kyos.com/gas/eu)
DEVELOPMENTS IN THE LAST WEEK:
The price of oil, both BRENT and URAL, dropped significantly. The Urals are lower today than they were a year ago
Finally, following the increase in production capacities (MOL started) in the refineries, the price of diesel fell below 1.80. Gasoline is stable, but in the next few days both types of fuel will certainly drop further. Production at OMV is to start at the beginning of October.
Gas reserves increased by 2 billion m3, France is at 96%, Germany at 91%, Italy and the Netherlands are at 89%, Slovakia reached 87%. Stocks were by no means this high last year, and the EU aimed for such high values by the end of October. The development is very good and soon the stacks will be full.
The price of gas fell to less than half of the maximum values like this a month ago. This happened despite the fact that just a month ago, the flow through Nordstream I was stopped and there should have been less gas. It's not like that. Russia delivers about 8% of EU imports on a daily basis and it is 1/5 of the deliveries from previous years.
The price of "base load" electricity also dropped to less than half of the maximum values like this a month ago.
In the EU, French nuclear reactors started up after repairs (+8GW), the wind is starting to blow in Western and Northern Europe (+25GW in the short term) and the output of hydropower plants has increased due to the increase in precipitation. Coal-fired power plants (+8GW) also started up after the rise in the level of the Rhine and after the resumption of coal supplies in Germany.
We put a heart here, because most of the fundamental factors are developing WELL and prices are falling. This is due to the increase in supply and sometimes in combination with a decrease in demand. This applies to oil, fuel, gas and electricity. The exception is the EUR/USD exchange rate, which remains a pain.”