Daily (19.03.2019): NBP gas prices continued to fall by around 1% on Monday due to oversupply

19/03/2019 10:13 Daily

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Crude oil prices inched up on Monday supported by the extension of OPEC-led supply cuts and a decline in U.S. crude inventories. Brent crude edged 0.6% higher at $67.54 a barrel, while WTI futures traded 1% higher at $59.09 a barrel.

British gas prices continued their bearish evolution on Monday, as robust flows and six new LNG tankers to arrive this week are expected to leave the system oversupplied. NBP spot fell by 0.5% to 38.10 p/therm, while the contract for delivery in Q3 2019 lost 0.7% closing at 38.91 p/therm.

 

Colder weather and waning supply boosted European spot power prices on Monday. The price for the German day-ahead power contract soared by 163.3% to 45.34 EUR/MWh, while the equivalent French contract traded 155.3% higher at 45.31 EUR/MWh, on reduced nuclear power availability.

 

Along the curve, electricity prices lost ground, tracking lower gas, coal and carbon prices. The price for the German power contract for delivery in 2020 dropped by 1.8% to 45.79 EUR/MWh, while the equivalent French contract ended 1.4% down at 48.92 EUR/MWh.

 

EU carbon prices fell to the lowest level this month, due to a bearish energy complex. The price for the 2021-expiry contract decreased by 2.9% to 22.66 EUR/tonne.

Daily (18.07.2019): French spot power price plunged by over 9% on Wednesday, amid stronger wind generation and falling consumption

18/07/2019 11:43:00

Crude oil prices extended losses on Wednesday, following a higher-than-expected rise in the U.S. refined product inventories. At the same time, official data also showed that U.S. crude inventories fell more than anticipated. Against that background, Brent crude traded 1.1% lower at $63.66 a barrel, while WTI futures dropped by 1.5% $56.78 a barrel.

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Polish LNG terminal receives 64th cargo

18/07/2019 08:20:00

Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście has received a new cargo on Tuesday, July 16.

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France's Akuo Energy, IEL Energie sign MoU to develop wind farm in Serbia

18/07/2019 08:18:00

France's Akuo Energy and IEL Energie have signed a memorandum of understanding (MoU) with Serbia's autonomous province of Vojvodina for the construction of the Basaid wind farm, Serbian energy minister Aleksandar Antic said.

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