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News Archive


Belgium: Day-ahead basis moves up; Weekend basis plummets

The Belgian prompt was slightly bearish, with the exception of Day-ahead, while the curve was more or less range-bound on Friday. There was a prompt sell-off...

26 Feb 2010 19:56 | ESGM


Continental: Wind sweeps the bears to the prompt, Cal ’11 up

High wind generation forecasts pushed the prompt Baseload prices in Germany and France lower, while CO2 emissions and oil supported the German Calendar Year...

26 Feb 2010 19:05 | EDEM


Daily oil summary

Prices took a sharp dip early in the European morning, but then recouped the losses on the back of a weaker dollar to be back up in positive territory by...

26 Feb 2010 20:51 | EDEM ESGM


France: French prompt establishes large premium to neighbours

There was some confusion among traders as to why PEG Nord Day-ahead had finished at such a premium to its neighbours at Friday's close.The contract...

26 Feb 2010 19:48 | ESGM


Gas outlook

BritainNBP Summer '10 traded below 31.00p/th on Friday - a level rarely breached in the past month. One trader calculated that a technical support...

26 Feb 2010 18:51 | ESGM


Germany: German prompt, curve continue to give up value

Prices continued to slide across both prompt and curve in Germany on Friday.Following on from a €0.50 retracement on Thursday, NCG Day-ahead continued...

26 Feb 2010 19:48 | ESGM


GLM: News in Brief

South Hook tests second phaseUK terminal operator South Hook LNG confirmed on Thursday it has started testing phase 2 of its 15.6m tonnes per annum...

26 Feb 2010 17:43 | GLM


Italy’s solar boom may slow with incentive cuts

Italy's solar power industry has boomed in the past 18 months, with the national installed capacity expected to hit 1,000MW in the next few months. But as...

26 Feb 2010 17:43 | EDEM


Japan January imports sustained by colder weather

Japan's LNG imports rose by 1.7% year on year in January, to 6m tonnes on higher power and industrial demand, data from the country's finance ministry showedon...

26 Feb 2010 20:52 | GLM


Netherlands: ‘Plenty of gas’ conspires to push down prices across curve

The TTF closed lower across most contracts on Friday, as ongoing warm weather and the fact that there was "plenty of gas around", as one trader put it, weighed...

26 Feb 2010 19:28 | ESGM


Netherlands: Bearish spot dents curve, but fuels stop losses

Dutch power prices fell a touch across the curve, correcting due to a bearish spot, market participants said on Friday. Resilience in fuels and carbon prices...

26 Feb 2010 20:26 | EDEM


Romanian power liquidity "strangled" by VAT practice - traders

Foreign energy companies seeking to become active in Romania have protested a "discriminatory practice" that forces overseas firms to obtain value-added...

26 Feb 2010 17:33 | EDEM


RR: UK biomass firm Helius posts 2009 loss

UKHelius Energy announced an operating loss of £4.64m for the year to 30 September in its annual results released this week. The company, which was...

26 Feb 2010 17:51 | EDEM


Spain Gamesa hit by wind sector slowdown

Spanish renewables company Gamesa blamed a slowdown in the country's wind sector for a 16% year-on-year fall in net profit in 2009. The company added...

26 Feb 2010 17:28 | EDEM


Spanish electricity demand up 6% in Feb

Spanish electricity demand showed an increase of 6.1% year on year in February, to 21.9TWh, grid operator REE said on Friday. Demand showed its first...

26 Feb 2010 17:37 | EDEM


Split in oil and gas price will see investment in UKCS fall off

The gas spot price will continue to diverge from oil in 2010, according to association Oil & Gas UK, and investment in UK Continental Shelf (UKCS) gas exploration...

26 Feb 2010 18:32 | ESGM


UK must extend offshore wind support – but firms face wait

The UK government must extend its support for offshore wind beyond the current 2014 deadline to ensure the completion of the Crown Estate offshore wind programme,...

26 Feb 2010 17:26 | EDEM


UK stock levels slip to two-year low, but spot price down

Fullness at UK storage sites slipped by 5.2 percentage points over the course of the week, as gas from long- and medium-range storage was withdrawn in spite...

26 Feb 2010 18:07 | ESGM


UK: NBP softens as Summer '10 drags curve lower

Summer '10, which had been well supported by one counterparty at 31.75p/th from Monday to Thursday, broke through the support level on Thursday afternoon....

26 Feb 2010 19:36 | ESGM


UK: Seasonal sparks maintain upward momentum

The 2010 seasons shrugged off the bearish sentiment that weighed on corresponding NBP contracts on Friday, finding support through the session in the shape...

26 Feb 2010 19:20 | EDEM

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