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Daily (19.07.2019): NBP spot slumped by 4% on Thursday, due to increased supply and weak demand
Crude oil prices continued their downward evolution on Thursday, influenced by lower U.S. equities markets. Prices were also weighed by an expected rise in the U.S. offshore oil output, as platforms have been returning to service after the Hurricane Barry passed through the Gulf of Mexico last week. Brent crude sank by 2.7% to $61.93 a barrel, while WTI futures dipped by 2.6% to $55.30 a barrel.
read more... 19/07/2019
Eneco inks PPA for 383-MW nearshore Dutch wind farm
Dutch utility Eneco on Thursday unveiled a power purchase agreement (PPA) for the entire output of the 382.7-MW Fryslan nearshore wind park that is being built in Friesland, the Netherlands.
read more... 19/07/2019
SOCAR expands its gas pipeline network in Georgia
SOCAR Georgia Gas company (Georgian subsidiary of Azerbaijan’s state oil company SOCAR), has increased the length of its gas pipeline network in the neighboring country, Trend reports with reference to the Georgian government.
read more... 19/07/2019
German coal imports could fall 10% in 2019 in face of rising renewable power
Germany’s hard coal imports may fall for the fourth year in a row this year and by around 10% from 2018 levels, importers’ group VDKi forecast on Thursday, citing competition from renewable energy and slack demand from steelmakers.
read more... 19/07/2019
Daily (18.07.2019): French spot power price plunged by over 9% on Wednesday, amid stronger wind generation and falling consumption
Crude oil prices extended losses on Wednesday, following a higher-than-expected rise in the U.S. refined product inventories. At the same time, official data also showed that U.S. crude inventories fell more than anticipated. Against that background, Brent crude traded 1.1% lower at $63.66 a barrel, while WTI futures dropped by 1.5% $56.78 a barrel.
read more... 18/07/2019