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UK’s power system emissions hit all-time low and wholesale power prices go negative

The two records were set over the weekend as renewable energy generation soared, coinciding with continued low demand due to the ongoing coronavirus lockdown.

read more... 27/05/2020

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Daily (26.06.2020): German forward prices increased by over 2% on Monday tracking stronger carbon prices

Oil markets were relatively quiet with no significant movements on Monday due to Memorial Day in US and Spring Bank Holiday in the UK. However, o firmer demand and output cuts lent support to prices.

read more... 26/05/2020

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Spain approves push for 100% renewables, bans all new fossil fuel projects

The Spanish Government has approved an ambitious draft climate law which seeks, among other things, to reach net zero emissions “no later than 2050, in coherence with the scientific criteria and the demands of the citizens.”

read more... 26/05/2020

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Daily (22.05.2020): NBP spot down 19% due to oversupply and weak demand

Crude oil futures continued to climb in an optimistic climate on Thursday, to hit their highest settlement since March amid lower U.S. inventories and hopes for a recovery in demand for black gold. Hence, Brent crude for July delivery rose by 31 cents, or 0.9%, to settle at $36.06 per . At the same time, U.S. WTI crude gained 43 cents, or 1.3%, to end at $33.92 per barrel.

read more... 22/05/2020

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Daily (21.05.2020) European carbon prices rallied above €21 on Wednesday

Oil prices extended the bullish run on Wednesday due to a fall in U.S. crude inventories and recovering demand following the ease of lockdown measures. Brent crude settled $1.10, or 3.2%, higher at $35.75 a barrel. West Texas Intermediate futures ended $1.53, or 4.8%, higher at $33.49.

read more... 21/05/2020

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