Daily (27.09.2019): European carbon prices jumped by 1.7% on Thursday amidst bullish technical signs

27/09/2019 11:13 Daily

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Crude oil prices were mixed on Thursday. Brent crude inched up by 0.6% to $62.74 a barrel, following Donald Trump’s affirmation that a deal between China and U.S. could happen sooner than expected. Meanwhile, sluggish economic data in major European economies and Japan, as well as a faster-than-anticipated recovery of Saudi output after the recent attacks sent WTI futures 0.1% down at $56.41 a barrel on Thursday.

British gas prices were mixed on Thursday. NBP day-ahead price decreased by 1.2% to 24.70 p/therm, due to oversupply. On the curve, prices strengthened backed by the increase in carbon prices, which could result in higher gas burn, and outages affecting Norwegian flows. Hence, the contract price for delivery in Q1 2020 rose by 1% to 53.21 p/therm.

 

European spot power prices were bearish on Thursday. The price for the German day-ahead power contract fell by 7.5% to 38.44 EUR/MWh amidst rising wind power supply. At the same time, the equivalent French contract settled 5.3% lower at 37.24 EUR/MWh, due to steady nuclear availability and lower demand.

 

Meanwhile, higher gas and carbon prices lent support to forward electricity prices on Thursday. The price for the German power contract for delivery in 2020 edged 0.3% higher at 48.64 EUR/MWh. The equivalent French contract remained almost flat at 51.12 EUR/MWh.

 

EU carbon prices reversed trend posting gains on Thursday amid bullish technical indicators. The contract expiring in 2021 rose by 1.7% to 26.29 EUR/tonne.

Daily (13.11.2019): British spot gas price spiked by 6.5% on Tuesday on higher gas-for-power demand

13/11/2019 11:31:00

Oil prices nudged down on Tuesday on no new details after Donald Trump’s speech about the China-U.S. trade negotiations Meanwhile, concerns regarding slower economic growth and weaker oil demand still kept prices under pressure. Brent crude fell by 0.2% to $62.06 a barrel, while WTI futures edged 0.1% lower at $56.80 a barrel.

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France's EDF says no damage found so far at Cruas nuclear plant after earthquake

13/11/2019 09:08:00

Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility’s reactors until Nov. 15.

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E.ON to purchase 3TWh of clean energy annually from RWE Renewables

13/11/2019 09:05:00

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.

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