Daily (09.05.2018): WTI crude fell 2.4% on Tuesday after Trump’s announcement that U.S. will withdraw from Iran nuclear deal

09/05/2018 10:55 Energy Market


Oil prices posted losses on Tuesday after Donald Trump’s announcement that the United States will withdraw from the 2015 Iran nuclear agreement. Brent crude dropped by $1.32, or 1.7 percent, to close at $74.85. WTI futures slumped by 2.4% to $69.06 a barrel.

As the gas system was mostly balanced, British wholesale gas prices edged slightly higher on Tuesday. Day-ahead gas price settled at 52.45 pence/therm. Further along the curve, June 2018 delivery contract traded 0.2% up at 52.37 p/therm, on forecasts for increased household consumption.

European prompt power prices surged on Tuesday on expectations for higher demand and less supply. German spot electricity price for day-ahead delivery rose to 36.62 euros/MWh, up 33.3 percent. The French equivalent contract traded 26.2% higher at 38.24 euros/MWh.

Along the forward curve, electricity prices rose slightly on Tuesday. The German baseload Cal’19, the European benchmark, was at 39.59 euros/MWh. The French year-ahead contract gained 13 cents, or 0.3%, settling at 44.44 euros/MWh.

EU carbon prices slipped on Tuesday, as weekly auction supply reduces to one of its lowest levels in 2018. The carbon contract expiring in 2020 ended 0.2% down at 13.98 euros a tonne.

Daily (10.08.2018): NBP spot price dropped by 0.5% on Thursday due to an oversupplied system

10/08/2018 11:35:00

Increased trade tensions between U.S. and China will probably lead to a lower demand for crude, weighing down on oil prices. Brent crude slipped by 0.3% to settle at $72.07 a barrel. On its turn, WTI crude edged 0.2% lower to 66.81 a barrel.


Quadran bags French PV spoils

10/08/2018 08:47:00

French renewable energy company Quadran secured 10 projects with a combined capacity of 65MW in France's latest solar auction.


Scotland provides £5m for oil and gas decommissioning

10/08/2018 08:43:00

The Scottish Government is providing an additional £5 million to help the oil and gas supply chain benefit from decommissioning the North Sea infrastructure.