Daily (13.05.2019): EU carbon prices fell by 3.4% on Friday, amidst bearish technical indicators and weak auction demand

13/05/2019 11:07 Daily


Increased hopes for a trade deal between US and China pushed Brent crude price 0.3% higher to $70.62 a barrel on Friday. However, WTI futures was almost constant at $61.66 a barrel.

UK gas prices declined on Friday, due to warmer weather forecasts. Expectations for more LNG arrivals also weighed on prices. NBP spot plunged by 4.4% to 36.25 p/therm. while the contract for delivery in Q4 2019 traded 2.2% down at 51.29 p/therm.


European day-ahead power lost ground on Friday. The price for the German day-ahead power contract decreased by 16% to 37.61 EUR/MWh on higher wind and solar power output. Meanwhile, the equivalent French contract closed 25.7% down at 33.34 EUR/MWh, due to weak consumption.


Along the curve, electricity prices also declined, tracking lower carbon and gas prices. The price for the German power contract for delivery in 2020 fell by 1.7% to 49.12 EUR/MWh, while the equivalent French contract traded 1.3% lower at 52.24 EUR/MWh.


EU carbon prices lost momentum on Friday, influenced by bearish technical indicators and weaker auction demand. The price for the contract expiring in 2021 decreased by 3.4% to 26.19 EUR/tonne.

Coal generation in Europe down 19% in 2019 as phase-outs take effect

13/08/2019 08:42:00

Coal generation in Europe dipped 19% over the first six months of 2019, according to Brussels-based think tank Sandbag.


Wintershall Dea begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea

13/08/2019 08:36:00

Wintershall Dea reported today that it has begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea, getting ready for the start of production in 2020.


Iberdrola to sell 40% stake in UK wind project for 1.6 bln stg

13/08/2019 08:33:00

Spanish energy firm Iberdrola has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday.