Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal

11/12/2019 11:07 Daily


Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.

British gas prices were bearish on Tuesday as Kiev and Moscow could reach an agreement on a new gas transit deal before the end of the year to replace a 10-year agreement. The January 2020 gas price dropped by 2.1% to end at 37.46 p/therm, while the gas for year-ahead delivery traded 1.7% down at 36.73 p/therm.

European spot power prices ended on a mixed note on Tuesday, with German spot price down 5.1% at 38.12 EUR/MWh, dragged down by a milder weather forecast. Meanwhile, the French equivalent contract edged 1.8% higher at 46.53 EUR/MWh, after a nationwide strike over planned pension reform reduce power generation by more than 5 GW.


Electricity contracts for year-ahead delivery lost ground tracking a weak energy complex. The German power contract for year-ahead delivery shed 1% at 43.27 EUR/MWh, while the French equivalent contract declined by 1.2% at 46.41 EUR/MWh.

Carbon turned bearish on Tuesday, with prices dipping below the €25-mark as the market was preparing for volatile days ahead. EUAs expiring in 2020 slipped by 0.8% to trade at 25.11 EUR/tonne.

Daily (21.01.2020): Crude oil hits the highest level in a week due to supply disruption in Libya

21/01/2020 11:55:00

Crude oil prices climbed to their highest level in more than a week on Monday, due to a halt in the crude production at two large Libyan oilfields after forces loyal to commander Khalifa Haftar closed a pipeline, bringing back the focus on supply risks.


Turkey gets 38 bln TL for 2019 clean energy generation

21/01/2020 10:09:00

Under Renewable Energy Support Scheme, 777 facilities receive financial backing and produce 76.67 million MWh of electricity


Vestas plots ‘zero-waste' turbine future

21/01/2020 10:03:00

Danish manufacturer aims for milestone by 2040 with initial focus on improving blade recycling