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.

Daily (21.05.2019): European spot power prices soared by around 16% due to firmer consumption

21/05/2019 10:04:00

Oil prices diverged on Monday. OPEC’s intention to maintain output cuts coupled with the escalating tensions in the Middle East sent WTI futures up by 0.5% at 63.10 USD/bbl. Meanwhile, Brent crude lost 0.3% to settle at 71.97 USD/bbl, influenced by the high level of global crude oil inventories.


Gazprom discovers 2 new fields containing over 500 billion cu m of gas on Yamal shelf

21/05/2019 09:10:00

The Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission with regard to the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields.


Vestas gets 249-MW turbine order for Texas project from EDF Renewables

21/05/2019 09:06:00

EDF Renewables has ordered more turbines from Vestas Wind Systems A/S for the 273-MW Las Majadas wind project in Texas, the supplier announced today.