Daily(11.07.2018): European carbon prices slightly rose on Tuesday, on bullish trend of power prices

11/07/2018 11:30 Daily


Oil prices rose on Tuesday, supported by a higher-than-expected U.S. stock draw and supply worries in Norway and Libya. Brent crude increased by 1% to $78.86 a barrel. WTI crude edged 0.4% higher at $74.11 a barrel, following Mike Pompeo’s comments on exceptional waivers over Iranian sanctions.

Most of the UK gas contracts dipped on Tuesday, due to an oversupplied system and lower than predicted demand from utilities. August delivery contract traded 0.7% lower to 58.92 pence/therm. Meanwhile, NBP spot price dropped by 1% to close at 59.10 p/therm. 


European power prices were mixed on Tuesday, due to an upward evolution in carbon, coal and oil futures on one hand, and predictions for lower wind power generation on the other. German spot power price tumbled by 0.9% to end at 52.50 EUR/MWh, while the French electricity baseload contract delivery slipped by 0.7% to 52.57 EUR/MWh.

Further along the curve, the German Cal’ 19 contract soared by 1% to 45.62 EUR/MWh. The French equivalent contract for year-ahead delivery traded 1.4% higher at 50.46 EUR/MWh.

EU carbon prices continued their bullish trend on Tuesday, reaching another 1-month peak due to bullish trend of the power prices. The carbon contract expiring in 2020 ended 0.5% higher at 16.65 euros a tonne.

Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.


Vattenfall inks power deal with Novo Nordisk, Novozymes

17/07/2018 09:14:00

Swedish utility Vattenfall announced Friday a long-term power purchase agreement with global healthcare company Novo Nordisk and bio innovator Novozymes, both based in Denmark.


Daily (16.07.2018): NBP spot gas price rose by 2.6% on Friday, due to an undersupplied system

16/07/2018 11:34:00

Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.