Daily (04.09.2019): NBP spot fell by nearly 4% on Tuesday, weighed by low demand

04/09/2019 12:04 Daily


Crude oil prices extended losses on Tuesday, as weaker manufacturing data in the U.S. and the eurozone reported for August worsened the crude demand outlook. Brent crude traded 0.7% down at $58.26 a barrel, while WTI futures dipped by 1.6% to $53.94 a barrel amid dragging U.S.-China trade talks.  

British wholesale gas prices varied on Tuesday. Higher output from wind turbines reduced demand from gas-fired plants, pushing the NBP spot 3.8% lower at 20.50 p/therm. On the other side, the contract price  for delivery in Winter 2019 edged up by 0.4% at 44.97 p/therm stimulated by the upward move in carbon prices, while bearish oil prices and expectations for more LNG arrivals capped gains. 


European spot electricity prices fell back on Tuesday, pressured by stronger wind and nuclear power output along with limited demand. The French prompt power price fell by 3.9% to 34.01 EUR/MWh. In the meantime, the German equivalent contract plunged by 9.1% to 33.08 EUR/MWh.  


Further on the curve, power prices slightly diverged on Tuesday, influenced by a volatile carbon market and mixed gas prices. The German Cal 2020 delivery contract advanced by 0.1% to 47.06 EUR/MWh, while the French equivalent contract was 0.1% down at 48.80 EUR/MWh. 


European carbon prices struggled to recover after an earlier 2.5-month low on Tuesday, amid volatile trading and bearish technical signals. Growing tensions around Brexit showdown in the UK Parliament ahead of a decision on future Brexit developments spurred more volatility in the EUAs, which is likely to set in for the coming weeks. The price for the contract expiring in 2020 slid by 0.2% to 25.47 EUR/tonne. 

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.


Nuclear essential to hydrogen future

18/09/2020 08:50:00

Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.


WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets