Daily (03.12.2019): NBP gas forward prices strongly bearish on Monday due to robust supplies from LNG terminals and from Norway

03/12/2019 11:26 Daily


Brent crude declined on Monday on concerns about global oil oversupply and limited progress toward resolving the U.S.-China trade war that has clouded the outlook for oil demand. Brent lost 2.4% to settle at $60.92 a barrel.

British prompt gas prices tumbled on Monday as a high consumption was counterbalanced by stronger supplies from LNG terminals and from Norway. More than a dozen LNG tankers are scheduled to arrive in Britain by Dec. 15. NBP spot gas dipped by 3.8% to trade at 39.00 p/therm.

Along the forward curve, prices also eased. The January gas contract was down 3.5% at 41.27p/therm, while the Summer 2020 contract shed 2.4% at 36.88 p/therm.

European spot power prices skyrocketed on Monday, buoyed by higher demand. German power for day-ahead delivery soared by 22% at 51.36 euros/MWh, while the French equivalent contract rallied 37% at 57.85 euros/MWh.

Forward contracts lost ground following the downward evolution of the energy complex. The German Cal ‘20 baseload contract settled at 45.05 euros, down 1.6%. The price for the French equivalent contract decreased by 1.7% at 48.30 euros/MWh.

The carbon prices plunged on Monday, dragged down by a mix of technical and fundamental factors. The price for the contract expiring in 2020 dipped by 3.5% to 24.47 EUR/tonne.

Daily (21.01.2020): Crude oil hits the highest level in a week due to supply disruption in Libya

21/01/2020 11:55:00

Crude oil prices climbed to their highest level in more than a week on Monday, due to a halt in the crude production at two large Libyan oilfields after forces loyal to commander Khalifa Haftar closed a pipeline, bringing back the focus on supply risks.


Turkey gets 38 bln TL for 2019 clean energy generation

21/01/2020 10:09:00

Under Renewable Energy Support Scheme, 777 facilities receive financial backing and produce 76.67 million MWh of electricity


Vestas plots ‘zero-waste' turbine future

21/01/2020 10:03:00

Danish manufacturer aims for milestone by 2040 with initial focus on improving blade recycling