Daily (14.03.2019): Electricity prices on the curve slumped by around 3% on Wednesday due to weaker coal and carbon markets

14/03/2019 11:09 Daily

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Oil prices rose on Wednesday following a strong decline in U.S. inventories and due to sanctions that stalled exports from Venezuela. Brent crude added $0.88, or 1.3%, to close at $67.55 a barrel. WTI futures settled 2.4% higher at $58.26 a barrel.

British wholesale gas prices fell on Wednesday as high wind output reduced gas demand for power generation. NBP day-ahead gas price lost 1.15 pence, or 2.8% to end at 39.55 p/therm, while April 2019 delivery contract traded 3.6% lower at 39.26 p/therm.


European spot power prices surged on Wednesday.  The German day-ahead power price jumped by 80.3% to 32.54 euros/MWh on forecasts for weaker wind power generation and higher electricity demand. The French spot electricity price rose by 21.6% to 35.13 euros/MWh, on expectations for lower solar generation.


Further on the curve, electricity prices declined on Wednesday, due to lower coal and carbon emission prices. The German year-ahead power contract settled 3.4% lower at 46.79 euros/MWh, while the French equivalent one traded 3.2% lower at 49.83 euros/MWh.


European carbon prices tumbled to a one-week low of €22 on Wednesday as traders were confused ahead of the Brexit decision. The carbon contract expiring in 2020 closed 0.2% down at 22.67 euros/tonne.

Daily (21.03.2019): A sharp drop in crude inventories led to a 2% rise in WTI crude on Wednesday

21/03/2019 10:14:00

Oil prices soared on Wednesday buoyed by U.S. government data that showed a sharp drop in crude inventories due to strong export and increasing refining demand. As such, Brent crude rose by 1.3% to $68.50 a barrel, while WTI futures traded 2% higher at $60.23 a barrel. Still, gains could be limited by concerns on the ongoing U.S.-China trade war and its effects on global demand.

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Audax Renovables, Trina ink PPAs for 300 MW of Spanish solar

21/03/2019 09:20:00

Spain’s Audax Renovables on Tuesday unveiled a contract to buy the output of up to 300 MWp of solar parks that Chinese giant Trina Solar Ltd will build in Spain.

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Lukoil may sign agreement on new offshore block in Kazakhstan

21/03/2019 09:23:00

Russian energy company Lukoil will be ready to sign an agreement with Kazakhstan on a new offshore project in the Caspian Sea this May, CEO of the Russian oil producer Vagit Alekperov told Tass.

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