Daily (14.05.2019): NBP day-ahead price tumbled by 8.1% on Monday, due to milder weather forecasts

14/05/2019 11:01 Daily

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Crude oil prices lost ground on Monday, as China-US trade negotiations escalated further, and China claims to impose higher tariffs on a range of U.S. goods. Investors fear that the trade war can intesify and disturb global economy. As a result, Brent crude edged 0.6% down to $70.23 a barrel, while WTI futures traded 1% lower at $61.04 a barrel.

British gas prices declined on Monday, due to warmer weather forecasts that reduced demand and left the system oversupplied. NBP day-ahead plunged by 8.1% to 33.30 p/therm, while the contract for delivery in May 2020 closed 0.2% down at 43.94 p/therm.

 

European day-ahead power prices increased on Monday on rising electricity demand. The price for the German day-ahead power contract surged by 9% to 41.01 EUR/MWh, due to a fall in wind electricity output and colder temperatures in the region. Meanwhile, the equivalent French contract soared by 21.7% to 40.57 EUR/MWh, due to lower nuclear capacity availability.

 

Along the curve, electricity prices nudged down, tracking a fall in carbon and coal prices. The price for the German power contract for delivery in 2020 slipped by 0.1% to 49.08 EUR/MWh, while the equivalent French contract settled 0.3% lower at 52.08 EUR/MWh.

 

EU carbon prices extended losses on Monday, after breaching technical support levels, as investors worry about the China-US trade negotiations. The price for the 2020-expiry contract ended 2.3% down at 25.28 EUR/tonne.

Daily (19.07.2019): NBP spot slumped by 4% on Thursday, due to increased supply and weak demand

19/07/2019 10:07:00

Crude oil prices continued their downward evolution on Thursday, influenced by lower U.S. equities markets. Prices were also weighed by an expected rise in the U.S. offshore oil output, as platforms have been returning to service after the Hurricane Barry passed through the Gulf of Mexico last week. Brent crude sank by 2.7% to $61.93 a barrel, while WTI futures dipped by 2.6% to $55.30 a barrel.

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Eneco inks PPA for 383-MW nearshore Dutch wind farm

19/07/2019 09:01:00

Dutch utility Eneco on Thursday unveiled a power purchase agreement (PPA) for the entire output of the 382.7-MW Fryslan nearshore wind park that is being built in Friesland, the Netherlands.

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SOCAR expands its gas pipeline network in Georgia

19/07/2019 08:54:00

SOCAR Georgia Gas company (Georgian subsidiary of Azerbaijan’s state oil company SOCAR), has increased the length of its gas pipeline network in the neighboring country, Trend reports with reference to the Georgian government.

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