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Daily (28.10.2019): NBP spot gas price jumped by over 8% on Friday on forecasts for colder weather
Oil prices were bullish on Friday following an unpredicted fall in U.S crude inventories. Brent crude gained 0.6% to close at $62.02 a barrel. WTI futures added 0.8% to end at $56.66 a barrel.
read more... 28/10/2019
Denmark approves construction on offshore part of Baltic Pipe project
The Baltic Pipe project, which is being developed by GAZ-SYSTEM and Energinet, will deliver natural gas produced in Norway to Denmark, Poland and other countries in the region
read more... 28/10/2019
RWE buys 1.5-GW-plus offshore wind pipeline in Poland
The renewables unit of German energy group RWE AG has acquired a pipeline of up to four Polish offshore wind projects with a total potential capacity of more than 1.5 GW, it announced today.
read more... 28/10/2019
EU coal power plants incurred €6.6 billion losses in 2019, study reveals
"Coal is no longer a profitable business. This is partly due to rising fuel costs, but also increasingly fierce competition from renewable energies. Low gas prices, in particular, are putting the coal business under pressure," Sriya Sundaresan, one of the study's authors, told EURACTIV.
read more... 28/10/2019
Daily (25.10.2019): Carbon prices surged by around 2.8% on Thursday amid a firmer energy complex ahead of the key Brexit vote
Crude oil prices continued to rise on Thursday after a surprise fall in the U.S. crude stockpiles last week. Hopes for deeper supply cuts from OPEC also supported prices. However, persistent crude demand worries reduced gains. Consequently, Brent crude traded 0.8% higher at 61.67 USD/bbl. At the same time, WTI futures edged up by 0.5% at 56.23 USD/bbl.
read more... 25/10/2019