Daily (02.03.2018): NBP spot gas price hiked by over 125% on Thursday due to freezing weather and high demand

02/03/2018 11:29 Daily

news

A retreating stock market and fears about rising U.S. crude output contributed to a fall in oil prices on Thursday to two-week lows. Brent crude declined by 3% to end at $63.83 a barrel. WTI futures dropped by 1.1% to close at $60.99 a barrel. 

British prompt gas prices jumped to their peaks in at least 10 years on Thursday as very cold weather boosted demand and outages at gas terminals limited imports. UK day-ahead gas price soared by 125.5% to settle at 230 p/therm. Summer 2018 delivery contract traded 0.1% higher at 42.51 p/therm.

 


 

German day-ahead power price hiked by 34.6 percent to end at 40.43 euros/MWh, in reply to an expected drop in wind power supply. The French equivalent contract edged 0.3% down at 84.05 euros/MWh. 


Further along the curve, electricity prices slipped on forecasts for warmer weather. German year-ahead power price shed 1% to 33.76 euros/MWh. Meanwhile, the French equivalent contract lost 0.6% to 39.03 euros/MWh. 


EU carbon prices slipped to around €10 level on Thursday, but did not change much from the previous session’s six-year peak, despite weak auction demand. The carbon contract expiring in 2019 settled 1.1% lower at 10.05 euros/tonne.

Daily (10.01.2019): WTI crude jumped by over 5% on U.S.-China trade negotiations optimism

10/01/2019 11:53:00

Oil prices soared on Wednesday on optimism that the U.S.-China trade talks extended into the extra third day could ease tensions. The ongoing crude output cuts by OPEC, aimed at reducing an emerging glut, also supported prices. Brent crude rose sharply by 4.7% to $61.44 a barrel, while WTI futures surged by 5.2% to $52.36 a barrel.

<READ MORE

InfraRed Capital to acquire 1.5GW solar portfolio in Spain from Progressum

10/01/2019 09:18:00

UK-based InfraRed Capital Partners has agreed to acquire a 1.5GW solar photovoltaic portfolio in Spain from Progressum Energy Developments for an undisclosed price.

READ MORE

Gazprom brings energy security of Kaliningrad Region to new level

10/01/2019 09:13:00

Gazprom makes comprehensive efforts to improve the reliability of gas supplies to the Kaliningrad Region. Gazprom carried out an alternative gas supply project focused on LNG deliveries by sea. A gas receiving terminal based in the Baltic Sea and onshore was built in the Kaliningrad Region.

READ MORE