Daily (20.04.2018): UK spot gas price surged by 4.5% on expectations of lower flows from Norway

20/04/2018 14:15 Daily

news

Oil prices continued their bullish trend on Thursday, being backed by steady drawdowns in global supply and Saudi Arabia’s wish to rise more the prices.

Brent crude edged $0.30 up, or around 0.4%, to settle at $73.78 per barrel. U.S. West Texas Intermediate (WTI) crude futures declined by about 0.3 percent to 68.29 a barrel.


British wholesale gas prices surged on Thursday as lower wind power output and weaker flows from Norway were expected. British day-ahead gas price soared by 2.23 pence, or 4.5%, to settle at 51.33 p/therm. Q3 2018 delivery contract closed 2.5% higher at 49.67 p/therm.

 

 

European prompt power prices softened slightly on Thursday on forecasts for a rise in temperatures and lower demand. German baseload contract for day-ahead delivery lost 3% to end at 38.63 euros a megawatt hour (MWh), while French spot price fell by 3% to 39 euros/MWh.

On the year-ahead curve, Germany’s Cal’19 price jumped by 1.8 % to 38.70 euros/MWh. The French equivalent contract gained 1.6% at 43.43 euros/MWh.

 

EUAs slumped on Thursday despite a stronger auction. The carbon contract expiring in 2019 closed 3% down at 13.62 euros a tonne.



Daily (08.07.2020): German and French spot electricity prices at their highest levels since the end of January amid lower renewables output and nuclear availability

08/07/2020 11:15:00

Crude oil futures were little changed on Tuesday as an apparent optimism that U.S. crude inventories will decline this week was overshadowed by the surge in coronavirus cases in parts of the world which continued to pressure prospects for energy demand. Hence, Brent crude for September delivery steadied at $43.08 a barrel, while the U.S. WTI crude stagnated at $40.62 a barrel.

<READ MORE

Denmark allows Nord Stream 2 to complete pipeline hit by US sanctions

08/07/2020 09:36:00

By allowing the usage of anchored vessels, the permit gives Nord Stream 2 more freedom of choice of Russian pipelaying vessels it can use for finalising construction

READ MORE

Simply Blue seeks to survey area for up to 1-GW Celtic Sea wind farm

08/07/2020 09:32:00

Simply Blue Energy is seeking permission to conduct survey activities near the Kinsale gas platform in the Celtic Sea for a potential offshore wind project of 988 MW that will be using the Windfloat platform.

READ MORE