Daily (22.08.2019): NBP spot surged by 5.4% on Wednesday as the outage at Culzean gas field has been extended

22/08/2019 12:09 Daily

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Oil prices diverged on Wednesday. Brent crude price rose due to a higher-than-expected draw in U.S crude stockpiles, while WTI futures dropped due to continued worries about the global economy. Brent crude added $0.27, or 0.5%, to $60.30 a barrel. Meanwhile, WTI crude lost $0.45, or 0.8%, to end at $55.68 a barrel.

British forward gas prices increased on Wednesday as an unplanned outage at the Culzean gas field offshore Britain has been extended until Thursday. Hence, NBP spot climbed by 5.4% to 27.90 p/therm, while the Winter 2019 delivery contract ended 0.2% higher at 47.57 p/therm.

 

European spot power prices fell on Tuesday due to stronger wind and solar supply, and weaker demand in the region . The price for the German day-ahead power contract plunged by 12.9% to 36.31 EUR/MWh. Meanwhile, the equivalent French contract settled 2.2% lower at 33.29 EUR/MWh.

 

Forward electricity prices also nudged down, tracking weaker carbon prices. The price for the German power contract for delivery 2020 traded 0.9% lower at 48.34 EUR/MWh, while the equivalent French contract settled 1% down at 49.89 EUR/MWh.

 

European carbon prices failed again to maintain earlier gains, settling close to the €26 level on Wednesday, due to weak trading activity. The 2019-expiry contract lost 0.9% to trade at 26.02 euros/tonne.

 

Daily (03.08.2020): NBP spot climbed by 5% on Friday, due to higher gas-for-power demand

03/08/2020 11:10:00

Crude oil prices inched higher on Friday, stimulated by a weaker dollar and record high oil supply cuts by US in May. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

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EU bank provides €35m for EV charging stations in Spain

03/08/2020 09:40:00

The four-year project will see the roll out of 8,500 charging points for EVs and hybrid vehicles

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Iberdrola obtains environmental permits for €180m solar pv projects

03/08/2020 09:35:00

Spanish multinational utility Iberdrola has obtained the Environmental Impact Statement (EIS) for four solar photovoltaic plants in the province of Cáceres.

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