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

30/03/2018 14:39 Daily

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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 (17.10.2018): UK gas prices dropped on Tuesday due to an oversupplied market

17/10/2018 11:04:00

Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.

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Romania's Cernavoda NPP Unit 2 returns to full power

17/10/2018 09:08:00

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said on Tuesday that the plant's Unit 2 is operating at full power again, following repair works that lasted 12 hours.

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Spain's Aragon okays construction of 1.29 GW of solar projects

17/10/2018 09:05:00

The government of Spain's Aragon autonomous community announced on Monday it has authorised 1,294.5 MW of solar projects that were awarded in the July 2017 energy auction.

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