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 (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.


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.


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.