Daily (20.04.2018): UK spot gas price surged by 4.5% on expectations of lower flows from Norway

20/04/2018 14:15 Daily

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Oil prices continued their bullish trend on Thursday, being backed by steady drawdowns in global supply and Saudi Arabia’s wish to rise more the prices.

Brent crude edged $0.30 up, or around 0.4%, to settle at $73.78 per barrel. U.S. West Texas Intermediate (WTI) crude futures declined by about 0.3 percent to 68.29 a barrel.


British wholesale gas prices surged on Thursday as lower wind power output and weaker flows from Norway were expected. British day-ahead gas price soared by 2.23 pence, or 4.5%, to settle at 51.33 p/therm. Q3 2018 delivery contract closed 2.5% higher at 49.67 p/therm.

 

 

European prompt power prices softened slightly on Thursday on forecasts for a rise in temperatures and lower demand. German baseload contract for day-ahead delivery lost 3% to end at 38.63 euros a megawatt hour (MWh), while French spot price fell by 3% to 39 euros/MWh.

On the year-ahead curve, Germany’s Cal’19 price jumped by 1.8 % to 38.70 euros/MWh. The French equivalent contract gained 1.6% at 43.43 euros/MWh.

 

EUAs slumped on Thursday despite a stronger auction. The carbon contract expiring in 2019 closed 3% down at 13.62 euros a tonne.

Russia agrees with four nations to divide resources beneath Caspian Sea

13/08/2018 09:14:00

Iranian President Hassan Rouhani, Azeri President Ilham Aliyev, Kazakh President Nursultan Nazarbayev, Russian President Vladimir Putin and Turkmen President Kurbanguly Berdymukhamedov walk on the embankment of the Caspian Sea following the Fifth Caspian Summit in Aktau, Kazakhstan August 12, 2018.

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Nord Stream 2 natural gas pipeline offers 'alternative route' to Danish authorities

13/08/2018 09:08:00

Nord Stream 2 AG has handed in an application and an Environmental Impact Assessment report to the Danish Energy Agency for an alternative route for the 55 Bcm/year twin natural gas pipeline delivering Russian gas to Germany, the company said in a statement.

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New solar plant powers cheese processing facility

13/08/2018 08:46:00

A giant solar farm that is powering a cheese processing facility in Northern Ireland has been launched.

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