Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals

17/04/2019 10:18 Daily

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Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply.  Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.

British gas prices extended losses on Tuesday on milder weather forecasts and strong LNG imports. NBP spot plunged by 5.2% to 35.30 p/therm, while the contract for delivery in Q4 2019 traded 0.8% lower at 54.03 p/therm.

 

European day-ahead power prices decreased on Tuesday. The price for the German day-ahead power contract dropped by 2% to 40.81 EUR/MWh, due to increased renewable output. Meanwhile, the equivalent French contract traded 6.6% lower at 42.26 EUR/MWh, because of stable nuclear availability.

 

Along the curve, electricity prices also declined, tracking lower gas and coal prices. The price for the German power contract for delivery in 2020 fell by 1.3% to 50.23 EUR/MWh, while the equivalent French contract closed 1.3% down to 53.11 EUR/MWh.

 

EU carbon prices continued to be bullish on Tuesday, due to stronger auction demand that offset the bearish energy market signals. The price for the 2020-expiry contract traded 0.7% higher at 27.31 EUR/tonne.

Daily (01.06.2020): WTI crude hovered above $35 a barrel on Friday, gaining 6.7% for the week

01/06/2020 11:00:00

Crude oil futures gained ground in the last trading day of the month after the release of the EIA’s report showing a further drop in oil well drilling in the United States. Hence, Brent crude for July delivery rose slightly to $35.33 a barrel, while, the more active August contract settled at $37.84, edging $1.81 higher, or roughly 5%. WTI crude for July delivery settled at $35.49 a barrel, surging $2.24, or 5.3%.

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Iberdrola subsidiary secures 62 Siemens Gamesa wind turbines for offshore project in France

01/06/2020 10:33:00

The wind turbines will be installed at Ailes Marines’s facility in France, generating 750 jobs in the process.

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Italy's Enel to close one Brindisi coal unit in 2021

01/06/2020 10:30:00

Italian utility Enel will shut down one of the four units of its 2.4GW Brindisi south coal-fired plant starting from next year.

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