Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

11/11/2019 11:08 Daily

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Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.

British day-ahead gas price surged by 7.2% to 38.15 p/therm on Friday as low temperatures led to higher heating demand. Meanwhile, the Summer 2020 delivery contract dropped by 1.3% to 38.85 p/therm, on strong supplies from Norway.

 

European power prices were bearish on Friday on forecasts for a hike in German renewables production and increased nuclear generation in France. The German spot power price sank by 11.5% to 41.69 euros/MWh. Similarly, the French day-ahead power price tumbled by 13.8% to 41.69 euros/MWh.

 

Further along the curve, prices fell due to lower carbon and gas prices. The German Cal2020 delivery contract edged 0.5% lower at 46.18 euros/MWh . At the same time,the French equivalent contract traded 0.9% down at 48.50 euros/MWh.

 

European carbon prices were bearish on Friday  hitting a two-week low,  amidst weaker energy prices and macroeconomic concerns. The carbon contract expiring in 2021 ended 0.4% down at 25.23 euros/tonne.

Daily (15.01.2020): EUAs plunged under the €24-mark amid a bearish energy complex

15/01/2020 11:51:00

Crude oil prices recovered from a five-day bearish strike on Tuesday as the United States and China – the two largest energy consumers in the world – are preparing to sign a trade agreement.

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Lithuania transports record volume of gas to the Baltic States

15/01/2020 09:41:00

In 2019, Lithuania transported the highest ever recorded volume of gas to the Baltic States. By making targeted investments into the Lithuanian gas infrastructure and its interconnection with neighbouring countries, the gas transmission to the Baltic States increased 2.6-fold in 2019, reaching almost 6 TWh of gas.

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Renewables ‘dominate’ European energy mix in 2019

15/01/2020 09:37:00

Renewable energy sources overtook fossil fuels as Europe’s primary electricity source for the first time in 2019, according to energy market data analyst EnAppSys.

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