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Daily (14.03.2019): Electricity prices on the curve slumped by around 3% on Wednesday due to weaker coal and carbon markets
Oil prices rose on Wednesday following a strong decline in U.S. inventories and due to sanctions that stalled exports from Venezuela. Brent crude added $0.88, or 1.3%, to close at $67.55 a barrel. WTI futures settled 2.4% higher at $58.26 a barrel.
read more... 14/03/2019
Daily (7.03.2019): European carbon prices declined by 3.3% on Wednesday due to a bearish energy complex
Crude oil prices were mixed on Wednesday, after U.S. data showed an increase in weekly U.S. crude stockpiles. A slump in U.S. equity indexes also weighed on the market. WTI futures traded 0.6% lower at $56.22 a barrel. However, Brent crude edged 0.2% higher at $65.99 a barrel, after EIA data indicated a larger-than-expected draw in U.S. distillate inventories.
read more... 07/03/2019
Daily (5.03.2019): Year-ahead power delivery prices in Germany surged by 1.4% on Monday, due to stronger coal and carbon markets
Crude oil prices soared on Monday on hopes that United States and China could reach an agreement to end their trade war. Brent crude rose by 0.9% to 65.67 USD/bbl, while WTI futures climbed by 1.4% to 56.59 USD/bbl.
read more... 05/03/2019
Daily (01.03.2019): EU carbon prices topped €22 a tonne on Thursday, rising for the fifth consecutive day
Brent crude price reversed trend, turning bearish on Thursday, influenced by lower factory output reported by the two Asia’s biggest economies – China and Japan. The record level of U.S. crude stockpiles also weighed on prices. On top of that, the lack of a deal after the two-day summit between U.S. president Trump and North Korean leader Kim Jong Un left the financial markets under pressure. Brent crude edged 0.5% down at $66.03 a barrel. Nevertheless, OPEC-led supply cuts and last week’s decline in crude U.S. crude imports to a two-decade low supported WTI crude price, which inched 0.5% up at $57.22 a barrel.
read more... 01/03/2019
Daily (26.02.2019): EU carbon prices rebounded on Monday after last week’s 2.5-month low
Crude oil prices reversed earlier gains on Monday, after President Trump claimed a slower oil pricing approach from OPEC as crude prices reached an excessively high level. Brent crude tumbled by 3.5% to 64.76 USD/bbl, while WTI futures dropped by 3.1% to 55.48 USD/bbl.
read more... 26/02/2019