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.

Daily (21.03.2019): A sharp drop in crude inventories led to a 2% rise in WTI crude on Wednesday

21/03/2019 10:14:00

Oil prices soared on Wednesday buoyed by U.S. government data that showed a sharp drop in crude inventories due to strong export and increasing refining demand. As such, Brent crude rose by 1.3% to $68.50 a barrel, while WTI futures traded 2% higher at $60.23 a barrel. Still, gains could be limited by concerns on the ongoing U.S.-China trade war and its effects on global demand.


Audax Renovables, Trina ink PPAs for 300 MW of Spanish solar

21/03/2019 09:20:00

Spain’s Audax Renovables on Tuesday unveiled a contract to buy the output of up to 300 MWp of solar parks that Chinese giant Trina Solar Ltd will build in Spain.


Lukoil may sign agreement on new offshore block in Kazakhstan

21/03/2019 09:23:00

Russian energy company Lukoil will be ready to sign an agreement with Kazakhstan on a new offshore project in the Caspian Sea this May, CEO of the Russian oil producer Vagit Alekperov told Tass.