Daily (21.04.2017): EU carbon price fell to the lowest level in 2 weeks at 4.79 euros per ton

21/04/2017 11:55 Daily


Oil prices slightly changed on Thursday in an oscillating trading session, as investors weighed rising U.S. output against comments from most important Gulf oil producers that an extension to OPEC-led supply cuts was likely. Total sold Glencore a cargo for loading at a discount of $1.00 a barrel. 

Brent crude closed by 0.11% at $52.99 a barrel, while U.S. WTI crude prices rose 0.54% at $50.71 per barrel. 

British wholesale gas prices fell on Thursday in an oversupplied system. Supplies into the St Fergus terminal increased as offshore fields finished maintenance. According to traders’ estimates, colder weather expected next week and little nearest LNG supply could upward gas prices across Europe.

The natural gas contract price for delivery in winter 2017 dropped 1.14% to settle at 46.10 p/therm. NBP spot price settled down 0.26% at 39.10 p/therm. 

The German spot contract price fell sharply on Thursday by 25.52% to trade at 27.69 euros/MWh on the back of an estimated surge in wind power production and limited consumption before the weekend. The German Cal '18 benchmark price decreased 0.69% at 30.18 euros/MWh. 

French spot power strengthened on Thursday as average temperatures fell and as wind power production declined by around 30%, with the French spot contract having jumped by 9.33% at 44.08 euros per MWh. Meanwhile, the French Cal '18 benchmark price ended the session 0.76% lower at 35.46 euros per MWh.

EU carbon fell again on Thursday to reach the lowest level in 2 weeks as the annual compliance deadline is approaching. Benchmark EU carbon contract expiring in December 2018 closed down by 1.64% settling at 4.79 euros/ton.

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19/10/2017 14:41:00

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First floating wind farm in the world generates power in Scotland

19/10/2017 13:54:00

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Daily (19.10.2017): Brent crude price hit $58.15 a barrel on Wednesday, or a 3-week high

19/10/2017 10:52:00

Oil prices surged on Wednesday with Brent reaching 3-weeks high and then retreated after a surprising drop in U.S. refining rates and an unexpected build in U.S. fuel stocks. Nevertheless, overall trend was bullish, as Iraq Kurdistan's oil exports more than halved after Iraq military operation. Another threat to oil supply is the ongoing dispute between the U.S. and Iran. President Donald Trump last week refused to certify Iran's compliance with a nuclear deal, leaving Congress 60 days to decide further action. Brent crude edged $0.27, or 0.5%, up at $58.15, meanwhile the WTI price grew by 0.3% to $52.04 a barrel.