Carbon rebounds from 1-month low

05/05/2020 10:34 CO2


Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.

The benchmark Dec 20 EUA contract traded last up EUR 0.32 at EUR 19.29/t, on Ice Futures. It earlier reached its lowest point since 6 April, of EUR 18.62/t.

Montel’s technical analyst Tom Hovik said a close of about EUR 18.86/t could trigger some further marginal gains this week but that the contract would likely lose ground thereafter.


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.