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

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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 (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.

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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.

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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.

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