Daily (04.02.2019): Oil prices rose by 1.4% on Friday, amidst bullish U.S. jobs data and sanctions on Venezuelan exports

04/02/2019 11:32 Daily

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Oil prices inched up on Friday as U.S. data showed upbeat job growth figures. At the same time, U.S sanctions on Venezuelan oil exports and news that oil drillers will cut production also supported prices. Brent crude rose by 1.4% to 62.75 USD/bbl, while WTI crude hiked by 2.7% to settle at 55.26 USD/bbl.

An oversupplied system and slightly milder weather forecasts have put pressure on British wholesale gas prices on Friday. NBP spot price slumped by 3.1% to 51.55 p/therm, while the contract for March 2019 delivery traded 2.8% lower at 50.07 p/therm.

 

European spot electricity prices resumed the bearish trend on Friday on robust thermal and renewable power supply that reduced demand. The German day-ahead power price plunged by 9.5% to 50.19 EUR/MWh, while the equivalent French contract traded 15.6% lower at 50.21 EUR/MWh, despite colder weather forecasts.

 

Further along the curve, prices were rather constant. The German power contract for delivery in 2020 traded 0.5% higher at 49.03 EUR/MWh. Meanwhile, the equivalent French contract was almost flat at 51.52 EUR/MWh.

 

EU carbon prices lost ground on Friday due to weak fundamentals and sluggish trading activity. The price for the 2021-expiry contract was 1.5% down at 22.92 EUR/tonne.

Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals

17/04/2019 10:18:00

Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.

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Polish LNG terminal receives 56th cargo

17/04/2019 08:52:00

Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście received the 56 cargo on Tuesday.

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Mochovce 3 completes commissioning test

17/04/2019 08:48:00

Slovakia's new reactor Mochovce 3 has successfully completed hot testing. Owner Slovenské Elektrárne (SE) said the plant could be ready for fuel loading this summer, although it will then have to wait for regulatory approval which could take up to eight months.

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