Daily (05.04.2019): European power prices on the curve climbed by over 3% on Thursday following bullish carbon market

05/04/2019 10:13 Daily


Oil prices varied on Thursday. Brent crude edged 0.1% higher at $69.40 a barrel on tightening global supply due to U.S sanctions on Iran and Venezuela, as well as OPEC-led output cuts. Meanwhile, WTI futures declined by 0.6% to $62.10 a barrel on rising production and higher crude inventories.

British gas prices extended gains on Thursday, on colder weather forecasts and rising carbon prices. NBP spot rose by 5.4% to 35.00 p/therm, while the contract for delivery in Q3 2019 traded 5% higher at 38.40 p/therm.


European day-ahead power prices were mixed on Thursday. The price for the German day-ahead power contract inched 0.6% higher at 42.28 EUR/MWh, on stronger consumption due to cooler temperatures. Meanwhile, the equivalent French contract traded 0.6% lower at 43.53 EUR/MWh, due to stable nuclear supply.


Along the curve, electricity prices rose on Thursday tracking higher gas and carbon prices. The price for the German power contract for delivery in 2020 surged by 3.5% to 48.53 EUR/MWh, while the equivalent French contract traded 3.2% up at 51.49 EUR/MWh.

EU carbon prices continued the upward evolution on Thursday, due to strong trading activity amidst Brexit optimism and a bullish energy complex. The price for the 2021-expiry contract settled 5.3% higher at 25.19 EUR/tonne.

Poles pick GE for 220MW Potegowo party

12/07/2019 08:56:00

GE Renewable Energy is to provide turbines for the 220MW Potegowo wind farm in northern Poland.


Turkey's installed power capacity up 58% in 5 months

12/07/2019 08:52:00

Turkey's installed power capacity increased by 58% in the January-May period of 2019, compared to the same period last year, according to calculations made by Anadolu Agency on Thursday.


Daily (11.07.2019): Oil prices soared by nearly 4.5% on Wednesday, ahead of the Gulf of Mexico storm and lower crude inventories

11/07/2019 11:23:00

Oil prices soared on Wednesday, adding more than $2, after a greater than expected draw in U.S. crude oil inventories. The evacuation of several oil platforms in the Gulf of Mexico in advance of a tropic storm also supported prices. As a result, Brent crude hiked by 4.5% to $60.43 a barrel, while WTI futures closed 4.4% up at $67.01 a barrel.