Daily (07.11.2018): Oil prices fell on Tuesday, on worries over global demand and Iran sanctions waivers

07/11/2018 13:37 Daily

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Oil prices shed on Tuesday, as Iran stated it had been able to sell as much oil as it needed to sell, despite sanctions imposed a day earlier. On the other side, increased concerns over global oil demand amid trade war between the world’s biggest economies also put pressure on prices. Accordingly, Brent crude decreased by 1.4% to $72.13 a barrel, settling at 8-month lows. WTI crude was at $62.21 a barrel, losing 1.4% comparing to its previous settlement.

UK gas contracts were slightly bullish on Tuesday, on forecasts for cooler weather. The NBP day-ahead gas contract was 0.4% up at 60.5 p/therm. Further on the curve, prices were quite stable. The 2019-delivery contract price edged higher at 60.02 p/therm.

 

European spot power prices for day-ahead delivery were bearish on Tuesday, due to higher wind generation and weaker demand. The baseload price for day-ahead delivery in Germany tumbled by 4.3% to 56.01 euros/MWh. At the same time, the French spot electricity contract traded 5% down at 57.26 euros/MWh.

 

Along the forward curve, electricity prices were steady, following the upward trend in carbon and gas markets.  Both German and French power contracts for 2019 delivery were almost constant, closing at 49.51 euros/MWh and at 53.7 euros/MWh respectively.

 

The prices for European carbon contracts continued to rise on Tuesday, in a tight session after reaching several technical levels. The 2020-expiry carbon contract traded 2.3% higher at 18.41 euros a 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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