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

01/11/2019 11:11 Daily

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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 (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.

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Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.

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Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.

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