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Daily (12.02.2020): NBP spot down about 3% on Tuesday as higher renewable generation weighed on gas-for-power demand

Crude oil prices rebounded on Tuesday from the 13-month lows, following a report unveiling that the number of new coronavirus cases in China declined, easing some fears about a weakening demand for black oil.

read more... 12/02/2020

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UK sets new wind power record amid winter storm

Winter storm Ciara has helped the UK set a new wind power generation record last Saturday, when the renewable energy covered 56% of the country’s electricity demand, Kallanish Energy reports.

read more... 11/02/2020

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Daily (10.02.2020): European spot power prices plummeted on Friday on strong wind output, weaker demand

Crude oil prices ended on a sour note on Friday, posting a fifth consecutive week of losses, after Moscow declared it needed more time mulling over deeper production cuts proposed by OPEC to deal with a sluggish energy demand.

read more... 10/02/2020

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Daily (07.02.2020): An oversupplied system and lower LNG prices weighed on UK’s gas market on Thursday

Oil prices varied on Thursday on mixed signals from OPEC and its partner Russia about potential further output cuts to reduce the impact of any weakening in global demand due to the coronavirus outbreak.

read more... 07/02/2020

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Daily (05.02.2020): Forward gas and power prices recovered on Tuesday after several days of losses

Crude oil prices tumbled on Tuesday, remaining in a bear market, weighed by the coronavirus impact on Chinese and global demand for black gold, despite OPEC+ measures to calm the oil market.

read more... 05/02/2020

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