Daily (31.05.2019): Oil prices fell on Thursday to a two-months low, due to high crude inventories and global economic concerns

31/05/2019 09:41 Daily

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Crude oil prices fell on Thursday to two-months low, due to a smaller-than-expected decline in U.S. crude inventories and concerns over a global economic downturn influenced by the China-US trade war. Brent crude plunged by 3.7% to $66.87 a barrel, while WTI futures settled 3.8% down at $56.59 a barrel.

British gas prices lost ground on Thursday, amidst warmer weather and high LNG arrivals. NBP spot plummeted by 4.8% to 27.48 p/therm, while the contract for delivery in Q4 2019 ended 1.2% lower at 50.14 p/therm.

 

European day-ahead power prices skyrocketed on Thursday, on expectations of increasing demand after the holidays in the region. The price for the German day-ahead power contract soared by 122.6% to 35.81 EUR/MWh, while the equivalent French contract closed 75.3% higher at 33.82 EUR/MWh.

 

Along the curve, electricity prices declined on lower carbon , gas and oil prices. The price for the German power contract for delivery in 2020 fell by 1.1% to 48.25 EUR/MWh, while the equivalent French contract traded 1% down at 51.29 EUR/MWh.

 

EU carbon prices lost momentum on Thursday, in a quiet session due to holidays. The price for the 2021-expiry contract traded 0.9% lower at 25.87 EUR/tonne.

Daily (20.08.2019): Brent crude surged by around 2% on Monday on worries about global oil supplies

20/08/2019 11:19:00

Crude oil prices rose on Monday after Yemen’s Houthi forces used a drone to attack an oilfield in eastern Saudi Arabia on Saturday, threatening global oil supplies. Brent crude added $1.1, or 1.9% to settle at $59.74 a barrel. WTI futures gained $1.34, or 2.4% to end at $56.21 a barrel.

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EBRD Finances Private-to-Private Solar Project in Jordan

20/08/2019 08:25:00

The European Bank for Reconstruction and Development together with its partners is supporting a pioneering energy project in Jordan with a financial package of up to $35 million. The project will enable the telecom operator Orange Jordan to cover part of its demand with clean energy generated in solar plants.

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Belene project attracts five expressions of interest

20/08/2019 08:21:00

Five companies have expressed interest in Bulgaria’s invitation for strategic investment in the construction of Belene nuclear power plant on the Danube River near the Romanian border. According to national newspaper 24 Chasa, China National Nuclear Corporation, Framatome, General Electric, Korea Hydro and Nuclear Power and Rosatom have all applied for the selection process.

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