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Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017
Switzerland to join the EU carbon market
The Swiss Federal Council has made the decision to endorse into a project that will join the Swiss carbon market with EU’s.
read more... 18/08/2017
The energy market in the North of England might be threatened by a hard Brexit
According to think tank IPPR North, the lack of a stable deal made on energy trade and the withdrawal from Euratom could have a negative impact on the North of England, its energy security and fuel prices in the events of a hard Brexit.
read more... 16/08/2017
Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year
Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.
read more... 14/08/2017
Daily (10.08.2017): European spot electricity prices rose sharply on Wednesday
Oil prices increased above $52 a barrel on Wednesday as U.S. crude inventories last week fell more than expected. This drop raised hopes that an OPEC-led effort to wipe out a 3-year, price-sapping supply glut is working. Brent surged by 1.07% to close at $52.70 a barrel, while WTI price rose by almost 0.8% to end at $49.56 a barrel.
read more... 10/08/2017