Daily (18.11.2019): French spot power price fell by more than 19% due to higher nuclear availability

18/11/2019 11:57 Daily

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Oil prices rose on Friday following the declaration made by OPEC’s Secretary General Mohammad Barkindo, stating that U.S. crude output is expected to fall in 2020. Brent crude surged by 1.6% to $63.30 a barrel.

Scheduled maintenance works at the Culzean field lent support to British wholesale gas prices on Friday . The UK day-ahead gas price rose by 2.4% to 39.13 p/therm. At the same time, the Summer 2020 delivery contract ended 1.3% higher at 38.85 p/therm.

 

European electricity spot prices diverged on Friday. The German day-ahead power price rose by 0.5% to 38.10 euros/MWh as colder weather lifted demand. The French spot power price tumbled by 19.3% to 46.34 euros/MWh due to higher nuclear availlability.
 
On the curve, prices rose slightly on Friday, tracking gain in coal markers. The German Cal20’ delivery contract closed 0.4% higher at 45.54 euros/MWh, while the French equivalent contract ended 0.4% up at 48.22 euros/MWh.  
 
European carbon prices continued their bearish trend on Friday, clawing back towards the €24 mark. The carbon contract expiring in 2019 traded 0.5% lower at 23.85 euros/tonne.

Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.

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Germany receives 200 hydrogen project applications in IPCEI call

01/03/2021 08:39:00

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Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

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