Daily (22.11.2019): WTI crude hit a 2-month high on Thursday, on potential extension of OPEC+ crude cuts and optimism around China-U.S trade talks

22/11/2019 13:32 Daily


Crude oil prices traded higher on Thursday reaching their highest level in two months, as OPEC and its allies will most probably extend oil supply cuts until June. The news about China’s intention to invite U.S. to a second round of trade negotiations also supported the bullish trend. Hence, Brent crude rose by 2.5% to $63.97 a barrel.  WTI futures climbed by 2.8% to $58.58 a barrel.

A drop in LNG supplies at the U.K. terminals left the market undersupplied, boosting British gas prices on Thursday. As a consequence, NBP spot jumped by 2.8% to end at 41.10 p/therm. On the curve, the Q2 2020 delivery contract gained 1% to close at 38.82 p/therm.


European prompt power prices extended losses on Thursday due to an increase in wind generation and weaker demand ahead of the weekend. The French spot power price plunged by 15.5% to 47.53 EUR/MWh, while the German equivalent contract closed 13% lower at 43.58 EUR/MWh.


Further along the curve, power prices were stronger on Thursday, tracking higher gas and oil prices. The German contract for next-year delivery edged 0.8% higher at 45.64 euros/MWh. The same increase was noticed in the the French equivalent contract, which settled at 48.24 euros/MWh.


European carbon prices slid on Thursday, on uncertainty whether a softer Brexit deal will be possible in January 2020. A weaker auction also contributed to the decline. Consequently, the price for the 2021-expiry contract nudged 0.4% lower at 24.32 EUR/tonne.

Daily (17.09.2020): An unexpected drop in US crude inventories boosted WTI crude by 5% on Wednesday

17/09/2020 13:33:00

Daily (17.09.2020): An unexpected drop in US crude inventories boosted WTI crude by 5% on Wednesday


Vattenfall repowers Dutch community wind farm

17/09/2020 09:18:00

38MW Jaap Rodenburg will host 10 turbines two of which will be owned by Almeerse Wind


European geothermal sector joins call for carbon price on heating and cooling

17/09/2020 08:58:00

The European Geothermal Energy Council is advocating for a carbon price to be put on heating and cooling in the European Union. Only with a fair price for all forms of energy and the real cost attached will it be able to reach the ambitions carbon neutral goal by 2050.