Daily (17.12.2018): EUA’s hiked by 4.6% on Friday, or around 15% increase week-on-week.

17/12/2018 11:50 Daily


Oil prices shed on Friday, after data indicated a lower-than-forecasted demand for crude in China and weaker stock markets. Brent crude lost 1.9% to $60.28 a barrel. Meanwhile, WTI crude tumbled by 2.6% to $51.20 a barrel.

British gas prices soared again on Friday, on predictions of lower temperatures and, consequently, stronger demand for heating. Moreover, reduced wind generation contributed to higher gas-for-power demand. The NBP spot price was 1.1% up at 66.95 p/therm. Further along the curve, January 2019 delivery contract ended 2.1% higher at 67.95 p/therm.


European spot electricity contracts were bearish on Friday. The German spot power price plummeted by 23.5% to end at 54.41 euros/MWh, on forecasts for an increase in wind production. At the same time, the French spot price tumbled by 18.6% to 61.30 euros/MWh, due to lower demand amid expectations for higher-than-average temperatures.


On the power curve, year-ahead electricity contracts posted slight gains, tracking the strong bullish evolution in carbon emissions prices. The German baseload electricity price for next year delivery rose 2.2% to 55.92 euros/MWh. The equivalent French contract traded 2.1% higher at 61.34 euros/MWh.


EUAs continued their upward trend to hit new highs above the €24-level on Friday. The carbon contract expiring in 2020 closed 4.6% up at 24.30 euros a tonne, in a tight auction.

Daily (20.06.2019): NBP spot tumbled by more than 10% on forecasts for stronger LNG supply and warmer weather

20/06/2019 10:53:00

Calmer U.S equity markets led to a decline in oil prices on Wednesday. Brent crude ended 32 cents, or 0.5%, down at $61.82 a barrel. Meanwhile, WTI futures lost $0.14, or 0.3%, to close at $53.76 a barrel.


Reabold Resources and partners discover massive onshore gas field in UK

20/06/2019 09:54:00

Reabold Resources and its partners Union Jack Oil and Rathlin Energy have announced the discovery of what could potentially be the UK’s largest onshore gas field.


Norway seeks to open areas to hold up to 3.5 GW of floating wind

20/06/2019 09:50:00

Norway’s Ministry of Petroleum and Energy will consider opening two offshore areas for applications to build floating wind parks with a total potential capacity of up to 3.5 GW, it announced today.