Daily (19.11.2019): NBP spot fell by 2% on forecasts for lower heating and gas-for-power demand due to milder weather

19/11/2019 10:40 Daily


Oil prices lost ground on Monday amid uncertainty over a trade agreement between the U.S. and China. Furthermore, worries about crude oversupply also put pressure on oil contracts. Brent crude dropped by 1.4% to $62.44 a barrel and WTI futures fell by 1.1% to $58.05 a barrel.

British wholesale gas prices declined on Monday on expectations for lower heating and gas-for power demand due to milder weather. NBP spot dropped by 2% to 38.33 p/therm. At the same time, the Summer 2020 delivery contract ended 2.2% lower at 38.01 p/therm.


European prompt power prices surged on Monday on forecasts for higher demand. The German spot power price soared by 22% to 46.49 euros/MWh. Moreover, the French day-ahead power price bolstered by 38.5% to 64.10 euros/MWh.


Along the curve, contracts were bearish on Monday, due to weaker carbon markets. The German Cal20’ delivery contract ended 0.9% lower at 45.13 euros/MWh. The French equivalent contract closed 0.8% down at 47.82 euros/MWh.


European carbon prices continued their bearish trend despite a stronger auction on Monday, to hit a six-week low, because of weaker energy markets. The carbon contract expiring in 2021 traded 1.8% lower at 23.79 euros/tonne.

WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets


Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge

18/09/2020 08:39:00

Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent months that it is committed to complying with the OPEC+ production cuts. 


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