Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism

15/01/2021 09:11 Daily


Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand.


Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.

British near-term gas prices extended losses on Thursday, with NBP for February delivery trading 3% lower at 63.15 p/therm as forecasts pointed towards a period of milder and windier weather towards the end of January, easing demand levels.


Along the forward curve, the gas price for Summer 2021 delivery declined by 0.9% to 42.80 p/therm, mainly as a result of weaker carbon prices.


European spot electricity prices diverged on Thursday, with the German day-ahead power trading 3.3% higher at 72.89 EUR/MWh amid cold weather condition. In contrast, the French equivalent power contract declined by 1.4% to 72.32 EUR/MWh amid stronger renewable generation.


Year-ahead power prices were little changed to bearish amid lower carbon prices. The German Cal’22 power steadied at 50.53 EUR/MWh, while the similar contract in France ended rather flat at 51.80 EUR/MWh.


EUAs expiring in 2021 slipped by 0.4% to 33.53 EUR/tonne, driven by the gas pullback from highs seen earlier this week.

ENA brings more flexibility to the grid with contract update

02/03/2021 08:53:00

The Energy Networks Association (ENA) has updated its standardised flexibility contract used across the energy sector to offer more transparency and increase accessibility.


French Feb nuclear falls to record low as maintenance season starts early

02/03/2021 08:47:00

Average French nuclear generation fell to a record low in February of 45 GW, down 5.5% on the year, grid operator data showed March 1.


Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.