Daily (26.03.2019): NBP spot down by 2.5% on Monday due to stronger Norwegian flows

26/03/2019 10:23 Daily


Oil prices had a mixed evolution on Monday, amid concerns over a potential decline in crude supply ahead of the weekly U.S. inventories data. WTI futures traded 0.4 % down at 58.82 USD/bbl. In the meantime, the Brent crude price edged 0.3% up at 67.21 USD/bbl, supported by steady OPEC’s production cuts and an improved German business climate index which eased the prospect of a recession in Europe's biggest economy. 

Higher flows from Norway through the Langeled pipeline led to an oversupplied system, weighing on British gas prices on Monday. The NBP spot price dropped by 2.5% to 35.75 p/therm, while the contract price for delivery in Summer 2019 fell by 1.6% to 36.14 p/therm.


A stronger demand supported the European day-ahead power prices on Monday. The German spot power price hiked by 2.5% to 36.50 EUR/MWh, boosted by weaker wind output. The equivalent French contract price surged by 4.8% to 37.29 EUR/MWh, despite increased nuclear availability.


Along the forward curve, electricity prices continued to lose ground, influenced by falling gas prices. The price for the German power contract for delivery in 2020 was 0.6% down at 45.24 EUR/MWh. The equivalent French contract ended 0.5% lower at 48.68 EUR/MWh.


European carbon prices recouped earlier losses on Monday in a stronger trading, despite ongoing Brexit uncertainty. The contract expiring in 2021 traded 1.1% higher at 21.70 EUR/tonne.

Daily (21.05.2020) European carbon prices rallied above €21 on Wednesday

21/05/2020 15:26:00

Oil prices extended the bullish run on Wednesday due to a fall in U.S. crude inventories and recovering demand following the ease of lockdown measures. Brent crude settled $1.10, or 3.2%, higher at $35.75 a barrel. West Texas Intermediate futures ended $1.53, or 4.8%, higher at $33.49.


Romania’s largest gas provider set to embrace renewables

21/05/2020 09:40:00

Romgaz is reportedly planning to invest in solar, wind, geothermal and biogas power projects by tendering for consultants.


Siemens Gamesa reveals ‘world’s biggest wind turbine’

21/05/2020 09:36:00

Siemens Gamesa has revealed what it claims is the world’s biggest wind turbine, a 14MW offshore Direct Drive turbine boasting a 222-metre rotor.