Daily (30.03.2018): NBP spot gas price surged by 5 % due to an undersupplied system

30/03/2018 14:39 Daily


Oil prices climbed by around 1% on Thursday buyout by bullish equities markets and due to strong compliance on supply reductions from members of The Organization of the Petroleum Exporting Countries (OPEC) and partners like Russia.

Brent crude increased by 0.74$, or about 1.1%, to settle at $70.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose by $0.56, or around 1%, to $64.94 a barrel.


UK wholesale gas prices soared on Thursday due to an undersupplied system and increased demand. NBP day-ahead gas price surged by 2.45 pence, or 5 percent, to close at 51.75 p/therm. Summer 2019 delivery contract settled 0.21 pence, or 0.5%, higher at 40.88 p/therm.


European prompt electricity prices went down on Monday mainly due to milder weather forecasts. German baseload contract for day-ahead delivery significantly decreased by 23% to 29.39 euros a megawatt hour (MWh). French spot price plunged by around 11.1% to settle at 39.91 euros due to a weak power demand. 


Power prices on the curve edged slightly higher on Thursday. Germany’s Cal ‘19 baseload contract for 2019 delivery, the European benchmark, inched 0.5% up to endat 36.33 euros/MWh. French equivalent contract traded 0.5 percent higher reaching 41.10 euros/MWh.


EUAs recovered on Thursday despite a weak auction. The carbon contract expiring in 2019 closed 2.2% higher at 13.36 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.