Daily (29.12.2017): German spot power price tumbled by 36% on forecasts of higher wind generation and lower demand

29/12/2017 11:11 Daily

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Oil prices rose on Thursday, staying close to 2-1/2-year peaks after data indicated strong demand for crude imports in China and on increased U.S. refining activity that drew more crude from inventories.

U.S. West Texas Intermediate (WTI) crude futures surged by 20 cents to $59.84 a barrel. Brent crude futures soared by 28 cents to $66.72 a barrel.

 

British day-ahead gas prices on Thursday despite a cold snap, boosting demand for gas for heating. Day-ahead gas price dropped by 0.15 pence to 55.75 p/therm. Further out on the curve, gas contract for January delivery nudged higher. 

 

European spot power prices for day-ahead delivery dipped on Thursday, pressured by forecasts for higher wind power generation and a predicted decline in demand before the weekend. The German baseload electricity contract for Friday delivery tumbled more than 35 percent, or 11.62 euros to 20.87 euros/MWh. The French spot price for Friday delivery slipped almost 8.4 percent, or 3.91 euros to 42.84 euros/MWh.

 

Along the forward curve, the year-ahead contracts were flat with little action. 

 

Carbon emissions allowances for December 2018 expiry rose 0.49 percent to 8.21 euros a tonne. 

Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

12/10/2018 11:24:00

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel. 

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Solar power ‘will help Europe avoid blackouts’

12/10/2018 09:33:00

Solar power will prove an important technology in stopping power outages across Europe in coming years.

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Gas pipeline project is one of top priority projects for EU – Minister Joe Mizzi

12/10/2018 09:29:00

The Malta-Sicily gas pipeline is one of the top priority projects for the EU as it aims at ending Malta’s gas isolation, said Minister for Energy and Water Management Joe Mizzi during the World Energy Summit currently being held in Milan, Italy.

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