Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals

17/04/2019 10:18 Daily

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Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply.  Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.

British gas prices extended losses on Tuesday on milder weather forecasts and strong LNG imports. NBP spot plunged by 5.2% to 35.30 p/therm, while the contract for delivery in Q4 2019 traded 0.8% lower at 54.03 p/therm.

 

European day-ahead power prices decreased on Tuesday. The price for the German day-ahead power contract dropped by 2% to 40.81 EUR/MWh, due to increased renewable output. Meanwhile, the equivalent French contract traded 6.6% lower at 42.26 EUR/MWh, because of stable nuclear availability.

 

Along the curve, electricity prices also declined, tracking lower gas and coal prices. The price for the German power contract for delivery in 2020 fell by 1.3% to 50.23 EUR/MWh, while the equivalent French contract closed 1.3% down to 53.11 EUR/MWh.

 

EU carbon prices continued to be bullish on Tuesday, due to stronger auction demand that offset the bearish energy market signals. The price for the 2020-expiry contract traded 0.7% higher at 27.31 EUR/tonne.

Daily (22.05.2019): NBP spot ended down by nearly 3% on Tuesday due to higher Norwegian flows

22/05/2019 11:33:00

The outlook of a tighter supply fuelled by the growing tensions in the Middle East and OPEC’s constant commitment to cut output supported oil prices on Tuesday. Meanwhile, gains were capped by the lengthy U.S.-China trade dispute and its bearish impact on the global economic growth. Brent crude price edged higher by 0.3% to 72.18 USD/bbl, while WTI futures were only 0.1% up at 63.13 USD/bbl.

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Serbia aims to complete Bulgaria-Hungary gas link by Dec 18 - energy min

22/05/2019 08:48:00

Serbia plans to complete the construction of a natural gas pipeline from the border with Bulgaria to the border with Hungary by December 18, energy minister Aleksandar Antic said on Tuesday.

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Zennor completes North Sea wells

22/05/2019 08:36:00

Independent UK oil and gas firm Zennor Petroleum announced Tuesday the completion of drilling and testing operations at the Finlaggan field in the North Sea, Kallanish Energy reports.

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