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.

Shell shareholders reject the proposal on emissions target

24/05/2017 09:48:00

Royal Dutch Shell shareholders on Tuesday voted 94% against a proposal made by an ecological group requesting the oil company to establish and publish yearly objectives to cut carbon emissions.


Daily (24.05.2017): EU carbon prices slipped back from a one-month high on Tuesday

24/05/2017 11:56:00

Oil futures varied on Tuesday, as oil prices fell earlier in the session following the news highlighting president Donald Trump's plan to sell off half of the United States' petroleum reserves. However, as OPEC's leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, the oil prices increased to settle slightly higher.


Switzerland votes to phase out nuclear in favour of renewables

24/05/2017 10:51:00

Switzerland has voted to abandon nuclear power in favour of renewable energy. A decision was taken after a public referendum to adopt an energy plan that will eventually replace all nuclear energy with solar, wind and hydropower generation.