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 (13.08.2018): Oil prices rose on Friday, but posted weekly declines due to global trade disputes

13/08/2018 13:25:00

Oil crude prices surged on Friday, on predictions of lower supply following U.S. sanctions against Iran. Brent crude closed 1% higher at $72.81 a barrel. Meanwhile, WTI crude soared by 1.2% to end at 67.63% a barrel, posting nevertheless a 1.2% decline week-on-week, on global trade disputes that might slow economic growth and reduce demand for energy.


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.


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.