Daily (13.05.2019): EU carbon prices fell by 3.4% on Friday, amidst bearish technical indicators and weak auction demand

13/05/2019 11:07 Daily


Increased hopes for a trade deal between US and China pushed Brent crude price 0.3% higher to $70.62 a barrel on Friday. However, WTI futures was almost constant at $61.66 a barrel.

UK gas prices declined on Friday, due to warmer weather forecasts. Expectations for more LNG arrivals also weighed on prices. NBP spot plunged by 4.4% to 36.25 p/therm. while the contract for delivery in Q4 2019 traded 2.2% down at 51.29 p/therm.


European day-ahead power lost ground on Friday. The price for the German day-ahead power contract decreased by 16% to 37.61 EUR/MWh on higher wind and solar power output. Meanwhile, the equivalent French contract closed 25.7% down at 33.34 EUR/MWh, due to weak consumption.


Along the curve, electricity prices also declined, tracking lower carbon and gas prices. The price for the German power contract for delivery in 2020 fell by 1.7% to 49.12 EUR/MWh, while the equivalent French contract traded 1.3% lower at 52.24 EUR/MWh.


EU carbon prices lost momentum on Friday, influenced by bearish technical indicators and weaker auction demand. The price for the contract expiring in 2021 decreased by 3.4% to 26.19 EUR/tonne.

Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038

06/07/2020 09:50:00

German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022


Daily (03.07.2020): Brent and WTI settled on Thursday at their highest levels since March amid lower U.S. unemployment rate

03/07/2020 09:49:00

Crude oil futures posted a second consecutive day of gains on Thursday, with Brent and WTI hitting their highest levels since March 6, after a decline in U.S. unemployment rate and a sharp drop in crude stockpiles earlier this week. Hence, Brent crude for September delivery soared by $1.11, or 2.64%, to settle at $43.14 per barrel. At the same time, U.S. WTI crude edged 83 cents higher, or 2.08%, to end at $40.65 per barrel.


RWE wraps up acquisition of Innogy's renewable energy ops

03/07/2020 09:40:00

German energy major RWE AG said on Wednesday that its complex asset-swap with rival E.on SE is now fully completed, creating a massive renewable energy business.