Daily (20.10.2020): Colder weather and stronger LNG prices supported front-month British gas prices at the beginning of the new week

20/10/2020 09:47 Daily

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Crude oil futures continued to slip on Monday as the OPEC+ panel has made no new policy proposals from January 2021. Moreover, a resurgence of the coronavirus in Europe and the U.S. threatened to hinder a recovery in demand. Consequently, Brent crude slipped by 31 cents, or 0.7%, to settle at $42.62 a barrel. U.S. WTI crude ended rather flat at $40.83 a barrel.

The gas price for November delivery edged 1.1% higher at 41.40 p/therm on Monday, spurred by forecasts of cooler weather and stronger LNG prices. Along the forward curve, prices followed the same trend, with the gas price for year-ahead delivery rose by 1.3% to 39.07 p/therm, tracking higher carbon prices.


European spot electricity prices tumbled on Monday amid expectations of surging wind power output. Hence, the German day-ahead power dived by 13.6% to 35.22 EUR/MWh, while the French equivalent power contract fell sharply by 6.3% to 39.27 EUR/MWh.


Year-ahead power prices notched modest losses, dragged down by concerns about the impact of the coronavirus pandemic on demand. Thus, the German Cal’21 power was 0.3% lower at 39.88 EUR/MWh, while the similar contract in France lost 0.7%, to end at 44.23 EUR/MWh.


EUAs expiring in 2021 added 0.4% to 25.17 EUR/tonne, but a pessimistic outlook for demand as several countries experience an dramatic rise in the number of Covid-19 infections continued to put pressure on carbon prices.

Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency

25/11/2020 09:51:00

Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.

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UK ranked fifth-best country for renewable deployment

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

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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.

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