Daily (20.04.2017): French spot power price up by 5.3% after snow disaster

20/04/2017 15:34 Daily


Oil prices fell on Wednesday as a cut in Saudi crude exports was denied by Saudi refiners, having processed more crude oil that potentially could enter the market. 

Brent crude settled down 3.57% at $52.93 a barrel while U.S. WTI crude prices declined even beyond by 3.76%, closing at $50.44 per barrel. 


British wholesale gas prices weakened on Wednesday due to a slightly oversupplied system. Another factor was the expected arrival of Al Samriya LNG tanker at the UK's South Hook LNG terminal from Qatar. Win2017 contract price has lost 1.43% to end the session at 46.63 p/therm. NBP spot price settled down 0.76% at 39.20 p/therm.


French spot power strengthened on Wednesday as average temperatures are expected to decrease by 0.8 degree Celsius on Thursday and as wind power production could decline, with the French spot contract hitting its highest level since March, having jumped by 5.3% at 40.32 euros per MWh. Meanwhile, the French Cal '18 benchmark price settled at 35.73 euros per MWh.


The German spot contract price insignificantly rose by 0.41% to arrive at 37.18 euros/MWh, due to expectations of a decline in wind power production. The German Cal '18 benchmark price increased 1.5% at 30.39 euros/MWh. 


EU carbon price for Dec 2018 delivery dropped again by 0.6 percent on Wednesday due to strong UK auction, settling at 4.87 euros/ton. 

Daily (17.08.2017): Oil prices fell more than 1% on Wednesday amid gasoline inventories decline

17/08/2017 11:45:00

Oil prices were volatile on Wednesday, even though U.S. crude inventories dropped for a 7-th consecutive week to their lowest level since January 2016, according to latest EIA data. However, gasoline inventories did not decline as expected, and the data also showed that U.S. domestic crude output rose adding to global oversupply. On the demand side, analysts see a gradual slowdown in fuel consumption growth.


London Mayor launches solar auctions to make cleanest city on Earth

17/08/2017 11:41:00

London Mayor Sadiq Khan has ambitions to turn London into the greenest city by widening the capital’s solar energy generation capacity through city-wide auctions.


Nigeria state oil firm drives production price of oil barrel from $29 to $23

17/08/2017 09:04:00

Nigeria announced that it has reduced the production cost per barrel of crude oil from $29 last month to $23. The cut in price follows complaints about the price of the barrel being the highest in the world.