Daily (27.12.2018): Brent crude jumped by 8% on Wednesday due to OPEC efforts to cut output

27/12/2018 11:41 Daily

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Oil prices turned bullish on Wednesday, as OPEC strives to support the market by reducing output. Consequently, Brent crude surged by 7.9% to $54.47 a barrel, while WTI price soared by 8.7% to close at $46.22 a barrel.

On Wednesday, British wholesale gas prices were flat, due to no trading activity during Christmas holidays. The price for NBP spot remained unchanged at 67 p/therm.  Meanwhile, the Summer 2019 delivery contract was at 56.74 p/therm.

 

European power prices hiked on Wednesday, as forecasts for lower temperatures lifted demand expectations. While the German spot contract jumped by 26.6% to 60.02 EUR/MWh, the French one settled 16.7% higher at 61.51 EUR/MWh.

 

Carbon prices were constant on Wednesday because of the Christmas holiday, with the price for 2021-expiry contract at 26.50 euros a tonne.
 

Daily (13.08.2019): European carbon prices slumped by over 5% on Monday amid a weaker auction

13/08/2019 10:05:00

Oil prices remained bullish on Monday, on expectations for deeper cuts of global oil supplies that might counterbalance the slowing growth of global crude demand driven by the U.S.-China trade dispute. Brent crude traded 0.1% up at $58.57 a barrel. At the same time, the ongoing tensions between the U.S. and Iran, along with a weakening dollar, pushed the WTI futures 0.8% higher at $54.93 a barrel.

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Coal generation in Europe down 19% in 2019 as phase-outs take effect

13/08/2019 08:42:00

Coal generation in Europe dipped 19% over the first six months of 2019, according to Brussels-based think tank Sandbag.

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Wintershall Dea begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea

13/08/2019 08:36:00

Wintershall Dea reported today that it has begun drilling 4 production wells on the Dvalin gas field in the Norwegian Sea, getting ready for the start of production in 2020.

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