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.

Total invests in solar, EREN and GreenFlex, aiming renewables growth

20/09/2017 13:36:00

Total increases its share in renewables by investing in solar and wind energy producer EREN RE and energy efficiency company GreenFlex.


Daily (20.09.2017): WTI crude price dipped to $49.48 a barrel on increased U.S. shale production

20/09/2017 10:47:00

Oil markets dipped on Tuesday, influenced by increasing U.S. shale production and worries that another hurricane hitting the Caribbean could affect refineries and disrupt delivery to and from the United States.


9 Traits of Highly Effective Energy Consultants [Infographic]

20/09/2017 10:30:00

Procuring energy and managing related risks presents businesses with unique challenges unlike any other goods or services they purchase. Besides, energy commodity prices can be extremely volatile. They can go up and down and are susceptible to unpredictable price increases. They’re also governed by a complex set of rules and inter-relationships.