Daily (12.06.2018): Carbon prices slumped by 2.1% on Monday on worries about high auction supply

12/06/2018 14:57 Daily


On Monday, oil prices edged slightly higher on optimism over the U.S. and Korea summit’s aftermath, between Donald Trump and Kim Jonh Un in Singapore.

Brent crude futures was stable at $76.46 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures rose by 0.6% to $66.10 a barrel.

Higher Norwegian flows contributed to a decline in most of the contracts along the curve. Q3 2018 delivery contract settled 0.7% down at 53.78 p/therm.

However, the price for day-ahead delivery contract boosted by 0.8% to 56 p/therm on forecasts for cooler weather.


European 2019-delivery electricity contracts dropped on Monday, following the downward trend in gas and carbon emission prices. The German year-ahead baseload price fell 1.5% to 41.14 euros/MWh. The French equivalent Cal’19 contract dipped by approximately 1% to close at 45.75 euros/MWh.


Forecasts for higher consumption boosted day-ahead power prices. The French spot electricity contract gained 8.43 euros to 48.19 euros/MWh, or a 21.2% increase. Meanwhile, Germany’s baseload contract for Tuesday delivery added 7.26 euros to settle at 49.73 euros/MWh, hiking by 17.1%.


Bearish EU carbon prices on Monday were seen at one-week low as traders are concerned about high auction supply and an approaching option expiry date. The carbon contract expiring in 2021 lost 2.1% to end at 16.60 euros a tonne.


Daily (18.07.2018): German spot power price dropped by almost 5% on Tuesday, on stronger wind generation and reduced demand

18/07/2018 11:28:00

Oil prices increased on Tuesday, due to a decline in stocks and as two of four processing terminals in Venezuela are likely to close because of scheduled maintenance this month. Brent crude rose by 0.5% to $72.16 a barrel. However, WTI crude was almost steady at $68.08 a barrel.


China set to fully control Portugal’s power grid amid Europe’s inertia

18/07/2018 09:42:00

China is set to make further inroads into European infrastructure, as a state-owned company attempts to gain full control of Portugal’s power grid.


Cuadrilla completes drilling of second horizontal shale gas well in UK

18/07/2018 09:21:00

This second horizontal well, drilled through the Upper Bowland shale at an approximate depth of 2,100m below the surface, extends laterally for some 750 metres through the shale gas reservoir.