Daily (02.07.2018): WTI crude surged by 1% on Monday to hit a peak since November 2014

02/07/2018 13:50 Daily


Oil prices climbed on Friday as U.S. sanctions against Iran at a time of escalating demand will most likely lead to a decline of crude volumes in the global market. Brent crude traded 2% higher to $79.44 a barrel. WTI crude hiked by 1% to hit its highest since November 2014 at $74.15 a barrel. 

An undersupplied system and the relaunch of exports to Belgium following a scheduled outage boosted several UK gas prices on the curve on Friday. August 2018 delivery contract surged by 2.9% to 55.24 p/therm. 

Meanwhile, forecasts for higher temperatures and lower demand weighed down on the NPB spot contract, which traded 2.8% lower at 52.9 p/therm.

Higher wind generation put pressure on European spot electricity prices on Friday. German spot power price dropped by 8.3% to end at 40.66 Eur/MWh, while the French equivalent contract settled 5.8% lower at 43.52 Eur/MWh.

However, electricity prices on the curve edged slightly higher on Friday tracking bullish coal and oil markets. The German Cal’19 contract gained 0.6% at 43.39 Eur/MWh, and the French next-year delivery contract ended 0.9% up at 48.25 Eur/MWh.

EU carbon prices were relatively stable on Friday.  The carbon contract expiring in 2021 closed 0.1% down at 16.00 euros a tonne, posting a 0.8% weekly loss. 

UK’s LNG Imports Jump To Highest Since 2015

19/03/2019 09:14:00

The UK is on track to import this month its highest volume of liquefied natural gas (LNG) since October 2015, as a wave of new global LNG supply and muted winter demand and low spot prices in Asia are boosting flows of the fuel to Europe.


Iberdrola breaks ground on 500-MW PV plant in Spain's Extremadura

19/03/2019 09:11:00

Spanish energy giant Iberdrola SA broke ground Monday on a 500-MW photovoltaic (PV) complex in the autonomous region of Extremadura.


Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation

18/03/2019 10:30:00

Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.