Daily (19.05.2017): EU carbon prices surged over 4% to a monthly high

19/05/2017 10:22 Daily


Oil prices continued to grow on Thursday, as most of the major producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.

Brent crude and U.S. WTI crude prices edged up 0.57% to close at $52.51 per barrel and $ 49.35 a barrel respectively.


British wholesale gas prices varied on Thursday. NBP spot gas price settled 0.05 pence down to end at 40.65 p/therm, due to lower exports. The Winter 2017 gas contract increased by around 0.5% at 45.94 p/therm, on forecasts of cooler weather.


European spot electricity prices surged on Thursday, due to declining wind power supply in Germany and a French nuclear outage.


German day-ahead power contract jumped by almost 5% at 34.47 euros/MWh, while the German Cal '18 benchmark price slightly grew by approximately 0.3% at 29.51 euros/MWh.


French spot electricity prices rose by 50 cents to close at 34.53 euros per MWh, while the French Cal '18 benchmark price was virtually flat at 35.65 euros per MWh.


EU carbon prices increased to a monthly high for a third consecutive session on Thursday as another strong auction moved carbon above a technical level that can precede more gains. The EUA Cal2018 contract was traded 4% higher at 4.81 euros/ton.


Baltic Pipe gas pipeline might obtain final approval in late 2018

12/12/2017 14:40:00

The final investment decision (FID) for the natural gas pipeline project between Denmark and Poland, the Baltic Pipe, might be taken no later than December 2018.


Germany on the path to have hydrogen powered trains by 2021

12/12/2017 14:30:00

Rail manufacturer Alstom plans to replace the diesel vehicles of the transport authority Elbe-Weser-Verkehrsbetriebe (evb) with hydrogen-power trains from December 2021.


Daily (12.12.2017): UK spot gas price rose 11% on colder weather and higher demand

12/12/2017 11:27:00

Oil prices increased on Monday, overcoming declines early in the session, after a North Sea pipeline was closed for repairs and investors concentrated on commodities following an explosion in New York. Brent crude futures ended $1.29, or about 2 percent, higher at $64.69 a barrel.