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


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 (11.01.2019): German spot power price fell by 26% on Thursday due to strong wind generation

11/01/2019 11:45:00

Oil prices edged slightly higher on Thursday, tracking bullish equity markets following comments from the U.S. Federal Reserve chairman. However, gains were capped by waning optimism about the three-day U.S.-China trade talks, as these finalized with no concrete details. Concerns about a potential slowdown in global economy fuelled by weaker Chinese economic data also limited the rally in oil markets. On that background, Brent crude inched 0.4% up to $61.68 a barrel, while WTI futures settled 0.4% higher at $52.59 a barrel.


BP discovers another giant gas field in the Caspian

11/01/2019 09:34:00

BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.


Acciona completes installation of PV panels at 404MW solar plant in Mexico

11/01/2019 09:28:00

Acciona Energía has completed installation of solar panels at the 404.57MW Puerto Libertad plant located in the Sonora desert in Mexico.