Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17 Daily


Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

British gas prices declined on Monday due to an oversupplied system as imports through the Langeled pipeline were at maximum capacity. Moreover, three more LNG cargoes are expected to arrive this week. NBP spot price dropped by 3.9% to 36.65 p/therm. Meanwhile, the Summer 2020 delivery contract ended 1.2% lower at 38.40 p/therm.

European prompt power prices rose on Monday on forecasts for higher demand used for heating due to falling temperatures. The German spot power price surged by 1.2% to 42.20 euros/MWh. The French day-ahead electricity price jumped by 16.2% to 48.45 euros/MWh. 
Further along the curve, contracts were pushed upwards by stronger carbon markets. The German Cal 20’ delivery contract edged 0.1% higher at 46.24 euros/MWh. The French equivalent contract closed 0.3% higher at 48.66 euros/MWh.
European carbon prices were slightly above the €25 level on Monday amid slightly improved economic figures and a satisfactory auction performance. The 2021-expiry contract traded 0.3% higher at 25.31 euros/tonne.

Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex

03/06/2020 10:18:00

Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.


Europe is going coal-free, but a vast lignite mine is expanding in eastern Germany and coronavirus has delayed new climate laws

03/06/2020 08:49:00

The landscape makes you think of the surface of the moon. As far as the eye can see, deep gashes scar the earth. At the spot where the giant machines stand, ancient layers of bared coal are visible all the way to the base of the pit.


Yamal LNG cargo completes ice-covered transit of Northern Sea Route: Novatek

03/06/2020 08:45:00

A cargo of LNG from the Novatek-operated Yamal LNG plant in northern Russia has completed its journey across the ice-covered part of the Northern Sea Route (NSR), the Russian company said June 1.