Daily (10.05.2019): NBP spot soared by 10.8% on Thursday, due to lower Norwegian flows

10/05/2019 11:32 Daily

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Oil prices slightly diverged on Thursday, as investors were uncertain about the outcome of the still unsettled U.S.-China trade dispute. Brent crude was almost flat at $70.39 a barrel. WTI futures lost 0.7% to close at $61.70 a barrel.

British gas prices varied on Thursday. Weaker flows from Norway due to maintenance works boosted NBP day-ahead price by 10.8% to 37.90 p/therm. Higher demand on account of low temperatures and reduced wind generation also supported prices. Meanwhile, the contract for delivery in Winter 2019 edged 0.6% down at 55.35 p/therm, as LNG arrivals are more and more expected in May.

 

European spot power prices were mixed on Thursday. The price for German day-ahead power contract fell by 1% to 44.79 EUR/MWh, due to sluggish demand ahead of the weekend. On the other side, the equivalent French contract edged 0.5% up at 44.88 EUR/MWh, as cold weather lifted consumption.

 

Along the curve, electricity prices were rather steady, in the context of falling carbon and coal prices which offset the upward pressure from several gas contracts. The German power contract for delivery in 2020 closed at 49.98 EUR/MWh, while the equivalent French contract settled at 52.95 EUR/MWh.

 

EU carbon prices reversed trend to decline on Thursday, after hitting a 2-week high. The 2021-expiry contract ended 1.5% lower at 27.12 EUR/tonne in a weak trading.
 

Daily (15.07.2019): NBP spot surged by 4.7% on Friday, due to rising gas-for-power demand ahead of an expected 3-day hot spell

15/07/2019 10:29:00

Crude oil prices slightly rose on Friday, after a tropical storm in the Gulf of Mexico caused disruptions in the local production, while tensions between Iran and the West continued to mount. Consequently, Brent crude traded 0.3% higher at $66.72 a barrel. However, forecasts for a global oil supply glut from the International Energy Agency and OPEC limited the gains, with WTI futures remaining almost flat at $60.21 a barrel.

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Masdar, Armenia sign MoU for 500 MW of wind, solar capacity

15/07/2019 08:29:00

Armenian National Interests Fund (ANIF) on Friday signed a memorandum of understanding (MOU) with Abu Dhabi Future Energy Company, better known as Masdar, for the development of 500 MW of renewable energy capacity.

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Polskie LNG hits 1000 LNG tank trucks milestone at Swinoujscie

15/07/2019 08:27:00

Polish LNG terminal operator, Polskie LNG, said it has reached a milestone at the President Lech Kaczyński facility in Świnoujście.

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