Daily (01.11.2019): EUAs sank by 1.5% on Thursday, due to weak auction activity

01/11/2019 11:11 Daily


Crude oil prices declined on Thursday, amidst data showing weak factory activity in China that weighed on global demand. As a result, Brent crude traded 0.6% down at $60.23 a barrel. At the same time, a leak on a key U.S. pipeline disrupted supply flows, pushing WTI futures down by 1.6% to $54.18 a barrel.

British forward wholesale gas prices inched up on Thursday on expectations for lower temperatures. The contract for delivery in Summer 2020 rose by 0.2% to 39.41 p/therm. Meanwhile, NBP spot plunged by 8% to 23.10 p/therm, due to stronger Norwegian flows, rising wind output and plentiful LNG supply.


European spot electricity prices extended their fall on Thursday, in anticipation of an increase in wind output and ahead of All Saints Day holiday across parts of Europe. Hence, the French prompt power price plunged by 24.3% to 32.27 EUR/MWh, while the German equivalent contract tumbled by 31.8% to 31.70 EUR/MWh


Further on the curve, power prices weakened on Thursday, following the decline in carbon prices. The German Cal 2020 delivery contract fell by 0.7% to 46.56 EUR/MWh, while the French equivalent contract was 1.3% lower at 49.13 EUR/MWh.


European carbon prices dropped on Thursday, pressured by a soft auction activity. The price for the contract expiring in 2021 declined by 1.5% to 26.03 EUR/tonne.

Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal

11/12/2019 11:07:00

Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.


Ovo takeover of SSE gets go-ahead

11/12/2019 08:41:00

Energy provider Ovo’s David and Goliath £500 million takeover of giant SSE today won the approval of competition regulators.


Denmark eyes 10GW offshore wind 'islands' in $45bn plan

11/12/2019 08:38:00

Denmark unveiled plans for one or more ‘energy islands’ each supporting at least 10GW of offshore wind at a cost of up to DKr300bn ($44.5bn), in what could be the world’s most ambitious renewable energy scheme to date.