Daily (08.06.2018): UK gas price for July 2018 delivery rose 2.3% on Thursday due to an undersupplied system

08/06/2018 15:01 Daily


Brent crude increased by 2.6% to close at $77.32 a barrel, due to a supply problem in Venezuela, where state-owned oil company tried to unload their products of approximately 24 million barrels, expecting to be conveyed to clients.

Moreover, continuing voluntary output reductions led by producer cartel OPEC boosted WTI crude contracts by almost 2% at $65.95 a barrel.


From June 8-12, maintenance is scheduled for the Teesside gas terminal, and all fields which provide St Fergus NSMP are offline until June 23. Consequently, NBP spot price edged 0.4% up at 57 p/therm, whereas the contract price for Q3 2018 delivery settled 2.3% higher at 55.63 p/therm.

On Thursday, European prompt power prices fell because of lower demand indications which outweigh reduced renewable supply.


The Germany baseload price for Friday delivery slipped by 0.4% to end at 49.4 euros/MWh. Furthermore, the French equivalent contract for Friday delivery lost 4.2% to close at 49.68 euros/MWh.


Prices on the forward curve edged higher on Thursday tracking the related carbon and fuels markets. The German Cal’ 19 baseload electricity price soared by 0.7% to end at 41.36 euros/MWh. The equivalent French contract for 2019 delivery had the same evolution, increasing slightly to 45.73 euros/MWh.


EU carbon contracts were slightly bullish on Thursday, failing, however, to gain more ground after a new strong session. The 2021-expiry contract price closed 0.4% higher at 17.01 euros a tonne.

Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

12/10/2018 11:24:00

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel. 


Solar power ‘will help Europe avoid blackouts’

12/10/2018 09:33:00

Solar power will prove an important technology in stopping power outages across Europe in coming years.


Gas pipeline project is one of top priority projects for EU – Minister Joe Mizzi

12/10/2018 09:29:00

The Malta-Sicily gas pipeline is one of the top priority projects for the EU as it aims at ending Malta’s gas isolation, said Minister for Energy and Water Management Joe Mizzi during the World Energy Summit currently being held in Milan, Italy.