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

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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.

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

19/05/2017 10:22:00

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.

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Switzerland to decide on nuclear power phaseout in favor of renewables

18/05/2017 16:00:00

This Sunday, Switzerland will go to the polls and decide upon the government’s plan to abandon further development of nuclear power in favor of renewable energy. The focus of the campaign are the costs of the change. The current referendum follows October’s signature campaign organized by the Swiss People’s Party (SVP) who gave the support to contest the Government’s controversial energy plan in a popular vote.

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Armenia: Hydropower plants can reach a 40% share of electricity generated

18/05/2017 14:21:00

Armenia’s hydropower plants can produce a share of 40% of the total electricity volume, according to a recent statement of the Armenian deputy minister of energy infrastructure and natural resources Hayk Harutyunyan.

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