Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices

18/04/2019 10:46 Daily


Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result, Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.

British gas prices gained ground on Wednesday, even though warmer weather and more renewable output is expected. Despite an oversupplied system, the NBP day-ahead hiked by 1.7% to 35.90 p/therm, while the contract for delivery in Q3 2019 traded 2.7% higher at 39.48 p/therm.


European day-ahead power prices varied on Wednesday. The price for the German day-ahead power contract was almost constant at 40.84 EUR/MWh on uncertain direction of solar power output. Meanwhile, the equivalent French contract closed 1.7% down at 41.55 EUR/MWh, due to rising temperatures.


Along the curve, electricity prices spiked, tracking higher carbon and gas prices. The price for the German power contract for delivery in 2020 rose by 1.5% to 51.00 EUR/MWh, while the equivalent French contract traded 1.3% higher at 53.82 EUR/MWh.


EU carbon prices surged on Wednesday, influenced by tighter supply and rising gas prices. The price for the 2021-expiry contract settled 1.7% higher at 28.21 EUR/tonne.

Daily (27.05.2020): Energy prices recovered on Tuesday on strong optimism for a recovery in demand

27/05/2020 14:29:00

Oil prices continued the bullish evolution due to a possible extension of current oil production cuts beyond June after OPEC+ countries will meet at the beginning of next month.


Uniper signs contract for planned German LNG terminal

27/05/2020 09:28:00

German power producer Uniper has signed a contract to build and charter an LNG terminal vessel for a planned project in Wilhelmshaven with Japanese partner Mitsui OSK Lines (MOL), it said on Tuesday.


Yamal-Europe pipeline gas flows dive

27/05/2020 09:23:00

Deliveries along the Yamal-Europe pipeline dropped sharply on 24-25 May and were nominated even lower today, likely driven by weaker European demand for Russian gas.