Daily (21.08.2019): NBP Sep19 price jumped by almost 5% due to an outage at the Culzean gas field

21/08/2019 11:38 Daily

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Crude oil prices were rather steady on Tuesday. Brent crude inched up by 0.5% to $60.03 as tensions between U.S. and China eased. However, WTI futures dropped by 0.1% to 56.13 amidst continued concerns over global demand.

UK gas prices rose on Tuesday, due to an unplanned outage at the Culzean gas field. Moreover, forecasts for lower wind output and stronger gas-for-power demand lent more support to prices. As a result, the contract for delivery in September 2019 settled 4.9% higher at 31.50 p/therm.

 

European spot power prices diverged on Tuesday. The price for the German day-ahead power contract rose by 4.7% to 41.68 EUR/MWh, due to a potential fall in wind production. Meanwhile, the equivalent French contract settled 1.7% lower at 34.03 EUR/MWh, due to a lower demand in the region.

 

Meanwhile, forward electricity prices were almost flat. The price for the German power contract for delivery in 2020 remained unchanged at 48.77 EUR/MWh, while the equivalent French contract settled at 50.40 EUR/MWh.

 

EU carbon prices extended losses on Tuesday, due to weaker daily activity and bearish technical signals. As a result, the 2020-expiry contract closed 1.2% lower at 26.53 EUR/tonne.

Plans unveiled for €1.6bn gigafactory in France to supercharge growing battery demand

31/07/2020 09:18:00

Production in the gigafactory is scheduled to begin in 2023 with a capacity of 16GWh of battery cells which will later increase to 50GWh

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Daily (30.07.2020): European CO2 prices rebounded by nearly 2% on Wednesday tracking a stronger auction in Poland.

30/07/2020 13:19:00

Crude oil prices inched higher on Wednesday, following an unexpected drop in US crude inventories. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

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Eneco, Shell win Dutch offshore wind tender with 759-MW project

30/07/2020 10:56:00

A joint venture between Dutch utility Eneco and oil and gas major Royal Dutch Shell Plc has won the tender for the third zero-subsidy offshore wind farm in the Dutch North Sea, to be built in the Hollandse Kust Noord zone.

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