Daily (18.06.2019): NBP day-ahead climbed by 6.5% on Monday, due to an undersupply in the system and reshuffle of flows

18/06/2019 09:49 Daily


Crude oil prices declined on Monday weighed by fears of an economic growth slowdown amid international trade disputes between U.S., China and India. However, the recent attack on two oil tankers in the Middle East limited losses. As a result, Brent crude dropped by 1.7% to $60.94 a barrel, while WTI futures lost 1.1% to settle at $51.93 a barrel.

British gas prices added ground on Monday, influenced by an undersupply in the system and a reshuffle of flows. Lower renewables output also supported prices. As a result, NBP day-ahead soared by 6.5% to 31.15 p/therm, while the contract for Q1 20 delivery closed 0.3% up at 55.33 p/therm.


European prompt power prices extended gains on Monday, due to rising demand in the region. The price for the German day-ahead power contract climbed by 38.3% to 42.28 EUR/MWh, while the equivalent French contract ended 21.5% higher at 33.77 EUR/MWh, influenced by a projected increase in consumption.


Forward electricity prices also added small gains, tracking higher gas prices. The price for the German power contract for delivery in 2020 edged 0.2% up at 47.62 EUR/MWh, while the equivalent French contract traded 0.1% higher at 50.58 EUR/MWh.


EU carbon prices were almost flat on Monday, despite early weakness on a bearish auction result, but ahead of a full week of sales. The price for the contract expiring in 2020 dropped by 0.1% to 25.32 EUR/tonne.

Eolus to sell 400MW Norwegian windfarm to Aquila Capital

16/07/2019 10:07:00

Eolus Vind has signed a share purchase agreement to sell its 400MW windfarm Oyfjellet in Norway to Aquila Capital for €30m.


Romanian ambassador announces start of construction of Ungheni – Chisinau gas pipeline

16/07/2019 10:05:00

There have started the construction works of the Ungheni – Chisinau gas pipeline on all 07 sections. It was announced by Ambassador of Romania to Chisinau, Daniel Ionita.


Daily (15.07.2019): NBP spot surged by 4.7% on Friday, due to rising gas-for-power demand ahead of an expected 3-day hot spell

15/07/2019 10:29:00

Crude oil prices slightly rose on Friday, after a tropical storm in the Gulf of Mexico caused disruptions in the local production, while tensions between Iran and the West continued to mount. Consequently, Brent crude traded 0.3% higher at $66.72 a barrel. However, forecasts for a global oil supply glut from the International Energy Agency and OPEC limited the gains, with WTI futures remaining almost flat at $60.21 a barrel.