Aug 11, 2025
Daily (11.08.2025): Markets are stable as they await possible new U.S.–Russia discussions focused on achieving peace in Ukraine.
Crude oil prices remained stable on Friday, with markets anticipating a new deal involving the US, Ukraine, and Russia. Brent crude finished at $66.59 per barrel, a rise of 0.2%, while WTI held steady at $63.88 per barrel.
Wholesale UK gas prices declined on Friday due to strong supply and decreasing demand. The NBP spot price fell by 0.6% to 77.25 p/therm. Meanwhile, the contract for Q1 2026 delivery dropped by 1.6 to close at 90.15 p/therm.
European day-ahead power prices were down on Friday because of reduced demand. The German spot power price fell by 19% to 61.42 EUR/MWh, while the French spot price decreased by 30% to 38.06 EUR/MWh.
Contracts on the curve were mixed on Friday following a decline in gas prices. The German Cal’25 power contract decreased by 0.2% to 86.33 EUR/MWh, whereas the French equivalent rose by 0.7% to 62.25 EUR/MWh.
European CO2 prices were up on Friday due to the compliance buying period, leading to a 2% increase in the 2025-expiry contract price, which settled at 73.21 EUR/tonne.
Wholesale UK gas prices declined on Friday due to strong supply and decreasing demand. The NBP spot price fell by 0.6% to 77.25 p/therm. Meanwhile, the contract for Q1 2026 delivery dropped by 1.6 to close at 90.15 p/therm.
European day-ahead power prices were down on Friday because of reduced demand. The German spot power price fell by 19% to 61.42 EUR/MWh, while the French spot price decreased by 30% to 38.06 EUR/MWh.
Contracts on the curve were mixed on Friday following a decline in gas prices. The German Cal’25 power contract decreased by 0.2% to 86.33 EUR/MWh, whereas the French equivalent rose by 0.7% to 62.25 EUR/MWh.
European CO2 prices were up on Friday due to the compliance buying period, leading to a 2% increase in the 2025-expiry contract price, which settled at 73.21 EUR/tonne.