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 (17.09.2020): An unexpected drop in US crude inventories boosted WTI crude by 5% on Wednesday

17/09/2020 13:33:00

Daily (17.09.2020): An unexpected drop in US crude inventories boosted WTI crude by 5% on Wednesday

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Vattenfall repowers Dutch community wind farm

17/09/2020 09:18:00

38MW Jaap Rodenburg will host 10 turbines two of which will be owned by Almeerse Wind

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European geothermal sector joins call for carbon price on heating and cooling

17/09/2020 08:58:00

The European Geothermal Energy Council is advocating for a carbon price to be put on heating and cooling in the European Union. Only with a fair price for all forms of energy and the real cost attached will it be able to reach the ambitions carbon neutral goal by 2050.

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