Daily (29.11.2019): French spot power price up 18% on Thursday on less nuclear availability and stronger demand

29/11/2019 10:40 Daily


Crude oil prices diverged on Thursday, with WTI edging higher on intensified tensions between the US and China after President Donald Trump signed a bill backing protesters in Hong Kong. Despite a higher-than-expected rise in crude and gasoline inventories and a record peak in US production, WTI futures rose by 0.2% to settle at $58.25 a barrel. However, its European equivalent, Brent crude ended 0.3% down at $63.87 a barrel, extending losses hit in the previous session.

British wholesale gas prices were mostly bearish on Thursday as the cold spell on Friday is expected to last less. The NBP price for Summer 2020 delivery fell 2.2% to trade at 38.23 p/therm, while the gas contract for 2020 delivery shed 1.9% to 41.41 p/therm.


Electricity prices for day-ahead delivery skyrocketed on Thursday, buoyed by a stronger demand and less nuclear availability in France.  The German power contract for Friday delivery rallied 31.5% to 40.08 euros a MWh, while the equivalent French contract soared almost 18% day-on-day to 47.41 euros/MWh.


Along the forward curve, prices were mixed. The German contract for 2020 delivery shed 0.4% at 46.21 euros/MWh, while the French equivalent contract wasslightly up at 49.35 euros/MWh.


The carbon prices posted minor changes, edging lower on Thursday due to the weakest auction of the year. The EUAs expiring in 2020 fell by 0.4% to 25.15 EUR/tonne.

Daily (03.03.2021): Oil prices tumbled to two-week lows on Tuesday amid expectations that OPEC will boost output

03/03/2021 10:37:00

Crude oil prices remained on the back-foot for the fourth consecutive day on Tuesday amid expectations that OPEC+ producers will ease supply curbs at their meeting later this week as the global oil demand shows signs of recovery from the coronavirus pandemic. Hence, Brent crude dropped by 99 cents, or 1.6%, to settle at $62.70 a barrel, its lowest close since Feb. 12. U.S. WTI crude fell by 89 cents, or 1.5%, to $59.75, its lowest settlement since Feb. 19.


Brussels opens in-depth investigation into Germany’s coal phase-out plan

03/03/2021 09:10:00

The German Bundestag sealed an agreement in June last year to compensate RWE and LEAG with €4.35 billion for closing the country’s last remaining coal plants and mining operations by 2038.


Global CO2 emissions rising again after nearly 6% fall last year

03/03/2021 09:07:00

Global carbon dioxide emissions dropped by 5.8% in 2020 as the COVID-19 pandemic slowed economic activity, but they rebounded at the end of the year and are on course to rise further, the International Energy Agency said on Tuesday.