Daily (12.09.2019): WTI crude lost almost 3% on Wednesday, on news that U.S. might ease sanctions on Iran

12/09/2019 11:31 Daily

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Crude oil prices declined on Wednesday, as U.S. administration could ease sanctions against Iran, thereby inflate global supplies. At the same time, both OPEC and EIA slashed demand forecasts this week. Consequently, WTI crude dropped by 2.9% to $55.75 a barrel, while Brent oil decreased by 2.5% to $60.81 a barrel.

Gas prices fell on Wednesday, as increasing wind generation trimmed gas- for-power demand. NBP day-ahead price plunged by 5.5% to 27.40 p/therm, while the contract price for delivery in Q1 2020 fell by 1.8% to 54.60 p/therm.

 

European spot power prices were bullish on Wednesday, as forecasts showed lower renewables output and weaker French nuclear power supply. The price for the German day-ahead power contract climbed by 11.4% to 37.78 EUR/MWh, while the equivalent French contract settled 14% higher at 37.39 EUR/MWh.

 

The echo after the latest news about some technical anomalies on some components of EDF’s French nuclear reactors lent further support to forward electricity prices on Wednesday. Despite weaker carbon and gas prices, the price for the German power contract for delivery in 2020 jumped by 1.8% to 50.78 EUR/MWh. The equivalent French contract settled 2% higher at 53.68 EUR/MWh.

 

EU carbon prices continued the downward evolution on Wednesday influenced by a bearish energy market. The contract expiring in 2021 fell by 1.6% to 26.88 EUR/tonne.

Olkiluoto EPR start-up delayed by final checks

11/11/2019 10:17:00

Areva-Siemens has told TVO the final verification of the mechanical, electrical and the instrumentation and control (I&C) systems has to be done carefully and to a high standard.

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Endesa's EGPE commissions 252 MW of Spanish PV farms

11/11/2019 10:15:00

Enel Green Power Espana (EGPE) has connected to the grid six 42-MW solar photovoltaic (PV) farms it recently finished building in the Spanish region of Extremadura, parent company Endesa SA announced today.

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Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply

08/11/2019 10:11:00

Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.

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