Daily (04.09.2018): Brent crude rose by almost 1% on Monday, ahead of the second wave of U.S. sanctions

04/09/2018 11:37 Biofuels


Oil crude prices hiked on Monday, due rising concerns about reduced supplies globally after U.S. sanctions against Iran will be applied in late autumn. Brent crude price increased by 0.9% to $78.15 a barrel. Meanwhile, WTI crude price was 0.4% up at $70.09 a barrel, as stronger supply from OPEC and the US limited gains.

An undersupplied system, following the maintenance on the FLAGS pipeline and Rough Gas storage site led to a surge in most of the UK gas contracts on Monday. The 2019 delivery contract traded 2% higher at 74.45 p/therm. Moreover, lower flows from Norway supported the NBP day-ahead gas contract which ended 3.6% up at 70.65 p/therm.


Electricity prices for day-ahead delivery jumped on Monday, on lower wind generation in Germany and decreased nuclear availability in France. Accordingly, German spot power price surged by 11.4% to 66.58 EUR/MWh. The French equivalent contract closed 8.6% up at 66.94 EUR/MWh respectively.


On the power curve, prices fell tracking the downward evolution in the carbon markets. The German Cal’19 contract ended 1.8% lower at 50.05 EUR/MWh, while the French 2019-delivery contract lost 1.9% to settle at 55.05 EUR/MWh. 


European carbon prices tumbled on Monday, losing almost 1€ per contract, trying to absorb the first regular-size sale after a month of half-volume auctions. The carbon contract expiring in 2020 closed 4.2% lower at 20.98 euros a tonne.

Daily (09.08.2019): Oil prices rebounded by nearly 3% on Thursday, due to a firmer yuan and hopes for additional OPEC output cuts

09/08/2019 11:15:00

Oil prices strengthened on Thursday, rebounding from an earlier low, after Saudi Arabia showed readiness to discuss with other producers about the recent slump in crude prices. The prospect of additional output cuts from OPEC, coupled with a steadying yuan, supported prices. As a result, Brent crude rose by 2.1% to $57.38 a barrel. At the same time, WTI futures spiked by 2.8% to $52.54 a barrel, boosted by a fall in inventories at Cushing, Oklahoma, in the week to August 6.


Belarus and Russia authorize 3.7% increase in oil transportation tariff as from 1 September

09/08/2019 08:53:00

Belarus and Russia have come to an agreement on raising the tariff on transporting oil across the Belarusian territory by 3.7% as from 1 September, the press service of the Belarusian state petrochemical concern Belneftekhim told BelTa after negotiations on 6 August.


Iberdrola secures its first 149 MW of solar in Portugal

09/08/2019 08:50:00

Spanish power utility Iberdrola SA confirmed Thursday it had been awarded 149 MW of solar photovoltaic (PV) capacity in Portugal’s recently completed solar auction.