Daily (21.06.2019): Brent crude price jumped by 4.3% due to a potential military conflict between US and Iran

21/06/2019 11:00 Daily


Oil prices surged on Thursday on worries about a conflict between Washington and Teheran, after Iran shot down a U.S. military drone. Prices were also backed by expectations that Fed would cut interest rates and U.S inventories would weaken. Brent crude rose by 4.3%, or $2.63, to $64.45 a barrel. At the same time, WTI futures added $3.31, or 6.2% to end at $57.07 a barrel.


Most of the British gas prices soared on Thursday due to an undersupplied system. The Winter 2019 delivery contract settled around 1% higher at 50.21 p/therm. However, NBP spot price lost 0.15 pence, or 0.6%, to close at 27.00 p/therm, as higher wind generation weighed on gas-for-power demand.


European power prices were mixed on Thursday. German spot price gained 6.3% to trade at 38.69 euros/tonne, on forecasts for weaker wind and solar generation. At the same time, the French day-ahead power price lost 2.2% to end at 33.89 euros/MWh, as consumption is likely to decline ahead of the weekend.


Further along the curve, European power prices were almost flat. The German Cal 2020 delivery contract inched down by 0.2% at 46.89 euros/MWh. The French equivalent contract traded slightly lower at 49.97 euros/MWh.


European carbon prices were bullish on Thursday due to the recent selling pressure. However, gains were limited by weaker demand. The 2020-expiry contract inched 0.6% higher at 25.41 euros/tonne.

Edison to build 760MW gas-fired thermoelectric power plant in Italy

04/12/2019 09:00:00

Italy’s Edison is planning to build 760MW natural gas-powered thermoelectric power plant in Presenzano in the province of Caserta, with an investment of €370m ($408m).


Growth in global carbon emissions slowed in 2019

04/12/2019 08:56:00

A surprise drop in coal use in the United States and Europe has helped to slow the growth of global carbon dioxide emissions this year, with softening demand in China and India also contributing, according to a study published on Wednesday.


Daily (03.12.2019): NBP gas forward prices strongly bearish on Monday due to robust supplies from LNG terminals and from Norway

03/12/2019 11:26:00

Brent crude declined on Monday on concerns about global oil oversupply and limited progress toward resolving the U.S.-China trade war that has clouded the outlook for oil demand. Brent lost 2.4% to settle at $60.92 a barrel.