Daily (18.05.2018): French day-ahead power price jumped by 13.2% on Thursday on rising coal and carbon prices

18/05/2018 11:12 Daily

news

Oil prices were almost flat on Thursday. Brent futures reached an intraday high of $80.50 a barrel due to a stronger dollar, but finally ended at $79.30 a barrel. WTI crude was constant at $71.49 a barrel.

British wholesale gas prices surged on Thursday due to a bullish oil market, cooler weather and reduced supplies because of minor outages. UK day-ahead gas price gained 2.05 pence, or 3.7%, to close at 57.85 p/therm. Meanwhile, Q3 2018 delivery contract settled 2.7% higher at 56.91 p/therm.


European wholesale electricity prices surged on Thursday tracking higher coal and carbon prices. German day-ahead power price soared by 10.5% to end at 39.11 euros/MWh. The French equivalent contract traded 13.2% up at 38.78 euros/MWh.

 


Further along the curve, German Cal 19’ European benchmark closed 1.7% up at 42.17 euros/MWh. The French equivalent contract ended 1.5% higher at 47.07 euros/MWh.


EU carbon prices spiked to reach a new peak above €15 after Thursday’s auction attracted high interest and cleared at the highest level since 2011. The carbon contract expiring in 2019 closed 0.9% up at 15.48 euros/tonne.

Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.

<READ MORE

Vattenfall inks power deal with Novo Nordisk, Novozymes

17/07/2018 09:14:00

Swedish utility Vattenfall announced Friday a long-term power purchase agreement with global healthcare company Novo Nordisk and bio innovator Novozymes, both based in Denmark.

READ MORE

Daily (16.07.2018): NBP spot gas price rose by 2.6% on Friday, due to an undersupplied system

16/07/2018 11:34:00

Oil prices hiked on Friday, due to the stoppage in Norway and Iraq, while a decline in supplies from Venezuela influenced the global output. Brent crude soared by 1.2% to $75.33 a barrel. Meanwhile, WTI crude settled 1% higher at $71.01, despite U.S. Secretary of State Mike Pompeo’s statement that Washington would consider granting waivers to Iran's crude buyers.

READ MORE