Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday

13/07/2017 11:01 Daily


Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.

British wholesale gas prices declined on Wednesday as LNG tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks and after imports from Norway were increased to compensate unplanned outage at Gassco’s gas processing plant. UK day-ahead gas price fell by almost 0.9% to 33.85 p/therm. Further along the curve, Winter 2018 contract edged up by 0.1% at 44.89 p/therm.


Prices in the European wholesale power market were mixed on Wednesday, with higher prices in Germany responding to lower renewable output and weaker prices in France resulting from weaker pre-weekend demand and more supply. German spot power contract closed 2.22% lower at 33.87 euros/MWh, while French electricity price rose by 0.36% to end at 36.21 euros/MWh. Further along the curve, German Cal 2018 benchmark price and French power contract for delivery in 2018 both edged up by almost 0.2% to settle at 31.41 euros/MWh and 37.09 euros/MWh respectively.


EU carbon prices recover lost ground to test €5.50 once again on Wednesday, canceling out the previous session’s losses to take aim at Monday’s four-month high. The EUA Cal 2018 closed at 5.53 euros/ton, while the EUA 2019 settled at 5.61 euros/ton.

Germany predicts 900 MW of new offshore wind in 2017

21/07/2017 11:28:00

Germany connected 626 megawatts (MW) of newly constructed offshore wind capacity to power grids in the first semester of this year and hopes to see total installations of 900 MW in the entire year, as stated by five industry groups in a joint statement on Thursday.


Japan's Mitsui will vend stake in UK's First Hydro

21/07/2017 10:15:00

Japanese trading house Mitsui & Co declared on Friday it has decided to vend its entire 25 percent stake in UK hydro power company First Hydro to Brookfield Renewable Partners L.P. for over 5 billion yen ($45 million).


Daily (21.07.2017): EU carbon prices decreased by 1.5% on Thursday, but still at a 3 month-high

21/07/2017 09:54:00

Oil prices dropped on Thursday on rising output from the U.S., Libya and Nigeria before the meeting of major oil producers, expected to be held in Russia on Monday. Brent crude tumbled by 0.8% to end at $49.30 a barrel, while WTI price declined by 0.42% to close at $46.92 a barrel.