Daily (24.07.2018): French day-ahead power price rose by 13.6% on Monday due to limited nuclear supply

24/07/2018 11:17 Daily


Oil prices dropped slightly on Monday on fears about fuel demand after G20 officials averted that global economic growth risks have intensified amongst increased trade and geopolitical tensions. Brent crude was almost flat at $73.06 a barrel. WTI futures edged 0.5% lower at $67.89 a barrel.

British wholesale gas prices soared on Monday due to higher gas-for-power demand and a strike on several Total’s North Sea oil and gas platforms, which led to an undersupplied system. NBP day-ahead price surged by 1.5%, or 0.85 pence, to close at 58.35 p/therm. Meanwhile, 2019 delivery contract ended 0.7%, or 0.39 pence, higher at 55.87 p/therm.

European spot electricity prices surged on Monday due to reduced wind and French nuclear power supply, while demand for air conditioning increased in a heat-wave. German day-ahead electricity price soared by almost 13% to close at 56.64 euros/MWh. At the same time, French spot power price boosted by 13.6% to end at 57.23 euros/MWh.

Further along the curve, power prices hiked on Monday following rises in coal and carbon markets. German Cal 19’ European benchmark traded 1.8% up at 45.28 euros/MWh. The French equivalent contract settled 1% higher at 49.80 euros/MWh.

European carbon prices reached new 7-year peaks on Monday in a strong auction. The 2019 expiry contract settled 1.9% higher at 17.63 euros/tonne.

Daily (31.07.2020): WTI crude slipped below $40 a barrel on Thursday amid bearish economic data, political uncertainty in the U.S.

31/07/2020 10:44:00

Crude oil futures posted a steep decline on Thursday, with WTI crude slipping below $40 a barrel for the first time in three weeks, pressured by worries about resurgence in coronavirus cases and bearish U.S. economic data. Suggestions made by U.S. President Donald Trump that nation's November presidential election may be delayed added further pressure on oil prices. Hence, Brent crude decreased by 81 cents, or 1.9%, to settle at $42.94 a barrel. At the same time, U.S. WTI crude futures fell by $1.35, or 3.3%, to end at $39.92 a barrel.


Gazprom Neft joins the international LNG-bunkering community

31/07/2020 09:40:00

Gazprom Neft has become the 1st oil company in Russia to join the Society for Gas as a Marine Fuel (SGMF), through its Gazpromneft Marine Bunker subsidiary Gazpromneft Shipping, operator of the Gazpromneft Marine Bunker fleet.


German wind, solar tenders award 384 MW in July

31/07/2020 09:26:00

Projects with a combined capacity of 384 MW secured surcharges in Germany’s tenders for wind and solar power this month, the Federal Network Agency, also known as the Bundesnetzagetur (BNetzA) has announced.