Daily (19.10.2020): NBP spot reached a fresh 2020 high on Friday, due to low flows from Norway and increased demand

19/10/2020 11:05 Daily


Crude oil prices edged lower on Friday ahead of the OPEC+ ministers’ meeting. Furthermore, doubts about demand and the worrying pace of COVID-19 pandemic also weighed on prices. Brent crude for December delivery slipped by 0.5% to settle at $42.93 a barrel, while WTI crude traded 0.2% lower at $40.88 a barrel.

The British day-ahead gas price had its third session of gains, as flows from Norway decreased slightly and weak wind generation boosted gas-for power demand. NBP spot closed at 40.50 p/therm, up 1.5% from Thursday's close. On the curve, contracts increased on the back of colder weather forecasts and bullish coal prices. The contract for Q1 2021 delivery gained 2% to trade at 43.36 p/therm.


Forecasts for stronger renewable power generation and weaker demand put pressure on European spot electricity prices. The day-ahead German power price dropped by 13.2% to settle at 40.76 EUR/MWh, while its French counterpart decreased by 12.3% to close at 41.92 EUR/MWh.


Front-year power contracts rebounded on Friday despite renewed lockdown fears as gas prices continued to trade higher. German Cal’21 power contract traded 0.2% higher at 40.00 EUR/MWh and French Cal’21 power edged 0.3% higher to trade at 44.52 EUR/MWh.


Carbon EUAs saw a second session of losses on Friday, under pressure from economic concerns related to the coronavirus pandemic. The CO2 EUA contract expiring in December 2021 traded 0.4% lower at 25.07 EUR/tonne.

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25/11/2020 09:05:00

The US has held its place at the top of the global ranking, while China remains in the second spot, according to EY’s Renewable Energy Country Attractiveness Index


Serbian section of TurkStream extension not ready before spring 2021

25/11/2020 08:59:00

The Serbian section of the TurkStream gas pipeline extension is not expected to be ready until at least spring 2021, missing a previous target for first gas to flow by the end of 2020, industry sources close to the project said.


Coal supply resumes, two private power plants to restart operations

25/11/2020 08:51:00

Private plants faced coal shortage after freight trains were suspended by the central government over the stalemate with protesting farmers’ unions on resumption of passenger trains