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

17/04/2019 10:18 Daily

news

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 (16.05.2019): British forward gas prices rose by almost 2% on Wednesday, tracking the bullish trend in oil prices

16/05/2019 10:36:00

Crude oil prices rose on Wednesday, due to the conflict in the Middle East that could disturb global supplies. Meanwhile, a surprise rise in U.S. crude stocks limited the gains. Brent crude climbed by 0.7% to $71.77 a barrel, while WTI futures settled 0.4% up at $62.02 a barrel.

<READ MORE

Gazprom confirms first gas via TurkStream by December

16/05/2019 09:15:00

Russia's Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom's deputy chairman Vitaly Markelov said late Tuesday.

READ MORE

GE Steam Power and partners synchronize 900MW power unit to Polish grid

16/05/2019 09:03:00

GE Steam Power, Polska Grupa Energetyczna (PGE) and the GE-led consortium partners have synchronized the Opole Unit 6, with 900MW generating capacity, to the Polish grid.

READ MORE