Daily (14.10.2019): Brent crude climbed by over 2.4% on Friday, following an Iranian tanker explosion in the Red Sea

14/10/2019 11:48 Daily

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Crude oil prices soared on Friday, bolstered by rising tensions in the Middle East following a missile attack on an Iranian tanker. Hence, Brent crude traded 2.4% up at $60.51, while WTI futures rose by 2.2% to $54.70 a barrel.

British day-ahead wholesale gas prices jumped on Friday on expectations for a rise in gas demand. NBP spot closed 4.7% higher at 23.20 p/therm. On the curve, however, prices lost ground as the UK gas gas system is still oversupplied. The contract for delivery in Summer 2020 fell by 0.6% to 44.04 p/therm.

 

European spot electricity prices extended their fall on Friday. The French prompt power price dropped by 10.4% to 24.99 EUR/MWh due to milder temperatures. In the meantime, the German equivalent contract plunged by 24% to 19.73 EUR/MWh amidst huge wind output and decreasing demand.

 

Further on the curve, power prices strengthened, tracking higher carbon and gas prices. The German Cal 2020 delivery contract advanced by 2.8% to 48.27 EUR/MWh, while the French equivalent contract was 2.7% higher at 51.26 EUR/MWh.

 

European carbon prices jumped on Friday, supported by stronger oil prices and growing optimism over a potential Brexit deal. The price for the contract expiring in 2020 hiked by 5% to 24.63 EUR/tonne.

Daily (08.07.2020): German and French spot electricity prices at their highest levels since the end of January amid lower renewables output and nuclear availability

08/07/2020 11:15:00

Crude oil futures were little changed on Tuesday as an apparent optimism that U.S. crude inventories will decline this week was overshadowed by the surge in coronavirus cases in parts of the world which continued to pressure prospects for energy demand. Hence, Brent crude for September delivery steadied at $43.08 a barrel, while the U.S. WTI crude stagnated at $40.62 a barrel.

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Denmark allows Nord Stream 2 to complete pipeline hit by US sanctions

08/07/2020 09:36:00

By allowing the usage of anchored vessels, the permit gives Nord Stream 2 more freedom of choice of Russian pipelaying vessels it can use for finalising construction

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Simply Blue seeks to survey area for up to 1-GW Celtic Sea wind farm

08/07/2020 09:32:00

Simply Blue Energy is seeking permission to conduct survey activities near the Kinsale gas platform in the Celtic Sea for a potential offshore wind project of 988 MW that will be using the Windfloat platform.

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