Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals

16/04/2019 10:34 Daily


Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.

British wholesale gas prices lost ground on Monday. NBP spot tumbled by 6.9% to 37.25 p/therm as milder weather forecasts led to an oversupply in the system.  Meanwhile, on the curve, the contract for delivery in October 2019 traded 3.5% lower at 46.77 p/therm, tracking the downward evolution in oil prices.


European day-ahead power prices rose on Monday. The price for the German day-ahead power contract rose 0.5% to 41.62 EUR/MWh on a potential rise in German demand. Meanwhile, the equivalent French contract traded 5.3% higher at 45.25 EUR/MWh, influenced by a slip in nuclear and wind power generation.


Along the curve, electricity prices varied, being almost constant on Monday. The price for the German power contract for delivery in 2020 nudged up by 0.1% to 50.90 EUR/MWh on rising carbon prices, while the equivalent French contract closed 0.3% down to 53.83 EUR/MWh, affected by a slip in oil and gas contract prices.


EU carbon prices extended gains on Monday, recovering from the previous bearish trading activity. The price for the 2021-expiry contract surged by 0.8% to 27.55 EUR/tonne.

Daily (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply

15/04/2019 11:24:00

Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.


Novovoronezh II-2 cleared for launch

15/04/2019 09:03:00

Unit 2 of the Novovoronezh II nuclear power plant in southwest Russia started the process of physical launch yesterday after having received regulatory approval to do so, Rosenergoatom, the operator subsidiary of state nuclear corporation Rosatom, has announced. The VVER-1200 reactor was brought to the minimum controlled power level on 22 March.


Hungary Offers to Buy 25% of LNG Terminal on Krk

15/04/2019 08:59:00

The Hungarian government has made an offer to buy 25 percent of a LNG terminal that is to be built in Croatia, Hungarian Foreign Minister Peter Szijjarto told journalists in Dubrovnik on Friday, according to MTI news agency.