Daily (14.05.2018): German year-ahead power price hit a new record on Friday due to bullish coal, gas and carbon markets

14/05/2018 11:51 Daily


Oil prices declined on Friday, retreating after previous gains as U.S. allies are likely to insist in preserving an agreement with Iran, which could maintain country's crude exports on global markets. Brent crude was 35 cents, or 0.5% down at $77.12 a barrel. WTI futures lost 1% to close at $70.70 a barrel.

British wholesale gas prices surged on Friday despite lower demand for power generation and an oversupplied system. UK day-ahead gas price was 1.35 pence, or 2.5%, up at 54.80 p/therm. Meanwhile, Q3 2018 delivery contract closed 1.7% higher at 54.94 p/therm.

European prompt power prices declined on forecast for higher electricity generation from wind turbines. German day-ahead price tumbled by 23% to 32.50 euros/MWh. The French equivalent contract settled 25.2% lower at 31.34 euros/MWh.

Along the forward curve, power contracts traded higher supported by the upward evolution in coal, gas and carbon emission markets. German Cal’19 European benchmark soared by 1% to hit a new peak at 40.75 euros/MWh. The French equivalent contract closed 1% up at 45.59 euros/MWh.

EU carbon prices reached a new seven-year high near €15 level on Friday, prolonging last week’s bullish evolution in thinner holiday trade. The carbon contract expiring in 2019 ended slightly higher at 14.79 euros/tonne.

Daily (14.08.2018): Carbon prices hiked by 1% to a new 7-year peak on Monday, tracking bullish coal markets

14/08/2018 13:00:00

Oil prices fell on Monday, mainly due to a sudden rise in inventories and escalating trade tensions between U.S and China, increasing worries about fuel demand. Brent crude was 20 cents, or 0.3%, down at $72.61 a barrel. Meanwhile, WTI crude slipped by 0.6% to end at $67.20 a barrel.


Senvion seals 250MW India deal

14/08/2018 08:59:00

Senvion has secured a conditional order from Continuum Wind Energy for the supply and commissioning of 108 turbines for the 250MW Bhuj wind project in the Gujaratstate in northwest India.


Rosatom seeks to boost cooperation in Eurasia

14/08/2018 08:49:00

Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB).