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Belgian capacity market will lead to oversupply – Anode

Belgium’s plans to launch a capacity market could lead to an oversupplied system, which will hurt profitability for new and existing power plants, said Anode Energie portfolio manager Kris Voorspools.

read more... 17/09/2019

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Daily (16.09.2019): NBP spot soared by over 13% on Friday amid higher demand after official order to cut Gazprom’s flows

Crude oil prices traded lower on Friday, amid worries over global economic slowdown and thinner oil demand. WTI futures fell by 0.4% to $54.85 a barrel, while Brent crude edged 0.3% down at $60.22 a barrel, heading for the first weekly fall in three and five weeks respectively. Nevertheless, crude prices are expected to spike after a drone attack on two Saudi Aramco oil facilities on Saturday, which slashed by 50% Saudi Arabia’s oil output, or the equivalent of 5% in the global oil supply.

read more... 16/09/2019

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Daily (11.09.2019): A strong rise in European gas and power prices on Tuesday following several bullish news

The abrupt firing of the combative U.S. national security advisor John Bolton raised a softer oil supply outlook, leading to a decline in oil prices on Tuesday. The news spurred speculations that U.S. might head for a potential de-escalation in tensions with Iran and an improved trade with Venezuela. However, gains were capped by earlier assurances of continued output cuts from OPEC and its allies. Consequently, WTI futures fell by 0.8% to 57.40 USD/bbl, while Brent crude edged down by 0.3% to 62.38 USD/bbl.

read more... 11/09/2019

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Moldova will get a discount of $10-15 for Russian gas

Moldovan President Igor Dodon was on September 7 in Moscow for talks about a new gas price deal with his Russian counterpart Vladimir Putin. Moldovagaz gas supply and transit deal with Gazprom expires on December 31, 2019.

read more... 10/09/2019

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Nordex unveils 195 MW of European turbine supply deals

Germany’s Nordex said today it has recently received a series of wind turbine supply contracts for a total capacity exceeding 195 MW.

read more... 05/09/2019

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