Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17 Daily


Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

British gas prices declined on Monday due to an oversupplied system as imports through the Langeled pipeline were at maximum capacity. Moreover, three more LNG cargoes are expected to arrive this week. NBP spot price dropped by 3.9% to 36.65 p/therm. Meanwhile, the Summer 2020 delivery contract ended 1.2% lower at 38.40 p/therm.

European prompt power prices rose on Monday on forecasts for higher demand used for heating due to falling temperatures. The German spot power price surged by 1.2% to 42.20 euros/MWh. The French day-ahead electricity price jumped by 16.2% to 48.45 euros/MWh. 
Further along the curve, contracts were pushed upwards by stronger carbon markets. The German Cal 20’ delivery contract edged 0.1% higher at 46.24 euros/MWh. The French equivalent contract closed 0.3% higher at 48.66 euros/MWh.
European carbon prices were slightly above the €25 level on Monday amid slightly improved economic figures and a satisfactory auction performance. The 2021-expiry contract traded 0.3% higher at 25.31 euros/tonne.

Daily (15.09.2020): European carbon prices rallied at their highest levels in a fortnight amid emergence of the European Commission’s 2030 plan

15/09/2020 09:59:00

Crude oil futures traded in a narrow range to end slightly lower on Monday as the global demand outlook remains uncertain and Libya announced a possible output resumption. However, a storm which halted the crude production in the U.S. Gulf of Mexico region tempered losses. Hence, Brent crude slipped by 22 cents, or 0.6%, to settle at $39.61 a barrel, while U.S. WTI crude futures were down 7 cents, or 0.2%, to end at $37.26 a barrel.


Hitachi Plans to Exit U.K. Nuclear Power Project

15/09/2020 09:15:00

Hitachi Plans to Exit U.K. Nuclear Power Project


UK Government sinks plan for new coal mine in England

15/09/2020 09:06:00

The Government of UK has refused to allow an open cast coal mine being developed in northeastern England.