Daily (08.10.2018): European carbon prices jumped on Friday in a strong auction, posting over a 5% gain for the week

08/10/2018 11:18 Daily


Oil crude prices were almost steady, in a balanced market, as Saudi Arabia and Russia declared about its intention to raise production to partly offset the disruption in Iran exports, as soon as U.S. sanctions will be applied on the 4th of November.

WTI crude remained stable and traded at $74.34 a barrel, whereas Brent price slipped by 0.5% to close at $84.16 a barrel. 

British wholesale gas prices were mostly bullish on Friday, despite higher-than-expected temperatures forecasts for this week and lower demand. NBP spot price settled 1.2% higher at 71.95 p/therm. Further along the curve, Summer 2018 delivery contract rose by 0.4% to end at 65.50 p/therm.

European spot power prices shed on Friday ahead of the weekend, due to lower consumption and warmer weather. The German day-ahead delivery contract settled 4% down at 57.91 EUR/MWh, due to higher wind generation. Meanwhile, the French equivalent contract lost 12.2% to end at 59.17 EUR/MWh, on forecasts for improved nuclear availability.

Along the forward electricity curve, contracts slightly improved on Friday, pushed up by gains in gas and carbon emissions prices. The German 2019-delivery contract ended at 55.85 EUR/MWh, increasing by 0.9%. Meanwhile, the French equivalent contract traded 0.3% higher at 60.55 EUR/MWh.

European carbon contracts prices continued to surge on Friday, in another bullish session. The contract expiring in 2020 was 3.9% up at 23.74 euros a tonne.

Trans Adriatic Pipeline secures €3.9bn project financing

14/01/2019 09:20:00

The Trans Adriatic Pipeline, which will be laid between the Turkish-Greek border and Italy, aims to bring Caspian natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The pipeline will also have a subsea section of 105km in the Adriatic Sea.


Norway’s Oil Production To Fall To 30-Year Low

14/01/2019 09:09:00

Despite cost controls, increased efficiency, and higher activity offshore Norway, oil production at Western Europe’s largest oil producer fell in 2018 compared to 2017 and is further expected to drop this year to its lowest level since 1988.


Daily (11.01.2019): German spot power price fell by 26% on Thursday due to strong wind generation

11/01/2019 11:45:00

Oil prices edged slightly higher on Thursday, tracking bullish equity markets following comments from the U.S. Federal Reserve chairman. However, gains were capped by waning optimism about the three-day U.S.-China trade talks, as these finalized with no concrete details. Concerns about a potential slowdown in global economy fuelled by weaker Chinese economic data also limited the rally in oil markets. On that background, Brent crude inched 0.4% up to $61.68 a barrel, while WTI futures settled 0.4% higher at $52.59 a barrel.