Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday

12/12/2018 12:01 Daily

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Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.

UK wholesale gas prices continued the bullish evolution on Tuesday, as forecasts for cooler weather and stronger demand for heating provided support. NBP spot price surged by 1.4% to 63.95 p/therm. The contract for January 2019 delivery traded 1.2% higher at 65.25 p/therm. 

 

European power spot prices extended gains on Tuesday, due to reduced wind generation and predictions of colder weather. The German contract for Wednesday delivery closed 26.3% up at 69.91 EUR/MWh. The equivalent spot contract in France was 14% higher at 71.01 EUR/MWh.

 

On the forward electricity curve, prices tracked bullish oil and gas markets. The Cal’19 delivery contract in Germany traded at 58.11 EUR/MWh, while the same French contract was at 52.28 EUR/MWh, both gaining 0.4%.

 

EUA’s prices slumped on Tuesday, settling below the €21 level one day before the options expiry. Furthermore, the events related to Brexit put more pressure on prices. The carbon contract expiring in 2019 ended 3.3% down at 20.51 euros a tonne.

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.

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Gazprom starts on Serbian CCGT

18/03/2019 09:06:00

Gazprom has started the construction of a 200 MW combined cycle gas turbine (CCGT) power plant in Serbia.

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Bulgaria eyes to receive additional gas from Azerbaijan

18/03/2019 09:00:00

Bulgaria is interested in additional gas supplies from Azerbaijan, Bulgarian Prime Minister Boyko Borisov told reporters, Azernews informed. Borisov noted that during the meeting with President of Azerbaijan Ilham Aliyev, the issue of the construction of an interconnector for connecting to the TAP for the delivery of 1 billion m3 of gas to Bulgaria was discussed.

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