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

news

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.

UK's electric vehicles could reach a peak demand of 3.5GW by 2030

13/07/2017 14:18:00

According to a long-term forecast by the National Grid, electric vehicles (EVs) could raise demand for electricity by 3.5GW by 2030, and by 18GW twenty years later, which equals to around six Hickley Point nuclear power stations.

<READ MORE

Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday

13/07/2017 11:01:00

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.

READ MORE

Hungary’s renewable support scheme gains EU favour

13/07/2017 10:00:00

The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.

READ MORE