Daily (06.07.2018): German day-ahead electricity price slumped by 7.7% due to rising wind supplies

06/07/2018 11:44 Daily


Oil prices dropped on Thursday, due to rise in U.S. crude inventories concerning the potential trade war between world’s major economies - China and the United States. Brent crude slipped by 1.1% to $77.39 a barrel, while WTI crude dropped by 1.9% to $72.94 a barrel.

UK gas contracts were bullish on Thursday, despite the downward evolution in oil and coal prices. NPB spot price surged by 1.2% to 57.3 p/therm, due to lower temperatures and weak wind output. At the same time, the August 2018 delivery contract traded 1.2% higher at 57.97 p/therm.


European spot power prices continued their bearish trend on Thursday, as forecasts for rising wind supplies weighed down on demand for air conditioning.


The German day-ahead delivery contract lost 7.7% to settle at 47.81 EUR/MWh, while the French equivalent contract slumped by 7.3% to close at 51.86 EUR/MWh.

Further along the curve, German Cal 19’ delivery contract gained 0.9% at 44.55 euros/MWh and the French year-ahead power contract ended 1.3% up at 49.43 euros/MWh.


European carbon prices set a monthly record on Thursday, as expansion in power stirred auction on predictions of increased demand from utilities in the upcoming months. The carbon contract expiring in 2021 ended 1.1% higher to 16.74 euros a 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.


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.


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.