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. 

Nordex presents 3MW turbine in India

21/04/2017 14:49:00

Nordex unit Acciona Windpower is ready to present a new 3MW wind turbine for the Indian market.


Daily (21.04.2017): EU carbon price fell to the lowest level in 2 weeks at 4.79 euros per ton

21/04/2017 11:55:00

Oil prices slightly changed on Thursday in an oscillating trading session, as investors weighed rising U.S. output against comments from most important Gulf oil producers that an extension to OPEC-led supply cuts was likely. Total sold Glencore a cargo for loading at a discount of $1.00 a barrel.


Vitol inks multi-year agreement to acquire LNG from Gazprom trading division

21/04/2017 11:29:00

Trading house Vitol inked on Thursday a multi-year deal to acquire 300,000 tonnes of liquefied natural gas (LNG) from Gazprom Marketing & Trading Singapore from 2018.