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


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.

Norway’s Offshore Oil Boom Is Back On

17/09/2018 09:02:00

The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely most welcome news for Western Europe’s biggest oil and gas producer, which faces a decline from the mid-2020s onwards if new large discoveries are not made soon.


Daily (14.09.2018): Power and gas markets turned bearish on Thursday, after a 18% decline in carbon prices

14/09/2018 11:08:00

Oil crude prices lost momentum on Thursday, mainly due to investors’ focus on mounting trade tensions between the world’s major economies, the U.S. and China, that could threaten demand. Brent crude ended 2% down at $78.18 a barrel. Meanwhile, WTI crude price tumbled by 2.5% to $68.59 a barrel, despite a larger-than-expected draw in U.S. inventories.


Acciona invests US$64 million in 57MW PV project in Ukraine

14/09/2018 09:54:00

ACCIONA Energía has started construction on a 57MW PV installation in Dymerka, northern Ukraine, that will see the company invest approximately US$64 million in the site.