Daily (21.08.2020): UK gas prices posted strong weekly gains due to higher LNG and U.S. gas prices

21/08/2020 09:55 Daily

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Crude oil futures lost ground on Thursday, pressured by downbeat comments from the U.S. Fed and OPEC+ on the demand outlook due to the coronavirus, while U.S. unemployment claims unexpectedly rose last week. Hence, Brent crude fell by 47 cents, or 1%, to settle at $44.90 a barrel. At the same time, U.S. WTI crude ended the session 11 cents, or 0.3%, lower at $42.82 a barrel.

British near-term gas prices broke their upward trend on Thursday, dragged down by weaker LNG and U.S. gas prices. As a result, NBP spot shed by 3.5% to 20.50 p/therm, while the gas price for September delivery decreased by 1.8% to 22.58 p/therm. On the curve, the gas price for Q4 2020 delivery lost 0.6% to end at 32.69 p/therm, tracking bearish oil and carbon markets.


Stronger wind output forecasts and nuclear availably put pressure on German and French spot electricity prices on Thursday. In this context, the German day-ahead power fell sharply by 16.5% to 31.81 EUR/MWh, while the French equivalent contract plummeted by 12.9% to 32.91 EUR/MWh.


Year-ahead power prices retreated on Thursday in line with weaker carbon and gas prices. Thus, the German and French Cal’21 power contracts declined by 0.4% to settle at 39.85 EUR/MWh and 44.93 EUR/MWh respectively.


EUAs expiring in 2021 decreased by 1.2% to 26.24 EUR/tonne on Thursday amid a bearish auction result and wider macroeconomic worries.

Daily (14.09.2020): Crude oil fell by nearly 6.7% on a weekly basis, amid global demand worries and rising crude stocks

14/09/2020 11:19:00

Oil prices declined on Friday posting their second consecutive weekly loss, amid worries over global fuel demand and a continuing rise in crude inventories. As a result, Brent crude fell by 0.6% to settle at $39.83 a barrel. Meanwhile, WTI futures was almost flat at $37.33 a barrel,

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Zeebrugge LNG marks another first

14/09/2020 10:27:00

Fluxys Belgium, the operator of the Zeebrugge LNG terminal, marked a new milestone at the facility.

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Czech utility EPH closes French coal plant only a year after buying it

14/09/2020 10:13:00

The firm has announced it will close the facility at the end of 2020, two years earlier than initially planned

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