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 (27.05.2020): Energy prices recovered on Tuesday on strong optimism for a recovery in demand

27/05/2020 14:29:00

Oil prices continued the bullish evolution due to a possible extension of current oil production cuts beyond June after OPEC+ countries will meet at the beginning of next month.

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Uniper signs contract for planned German LNG terminal

27/05/2020 09:28:00

German power producer Uniper has signed a contract to build and charter an LNG terminal vessel for a planned project in Wilhelmshaven with Japanese partner Mitsui OSK Lines (MOL), it said on Tuesday.

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Yamal-Europe pipeline gas flows dive

27/05/2020 09:23:00

Deliveries along the Yamal-Europe pipeline dropped sharply on 24-25 May and were nominated even lower today, likely driven by weaker European demand for Russian gas.

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