Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50 Daily

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Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.

Weaker gas-for-power demand driven by higher wind generation led to a 3.7% drop in the NBP spot price on Tuesday, which ended at 25.05 p/therm. Meanwhile, gas prices on the curve rose due to several unplanned outages in Norway that left the system undersupplied. The Q1 2020 delivery contract added 1.4% to close at 50.97 p/therm.

 

European prompt power prices diverged on Tuesday. The French spot power price slumped by 7.6% to 36.25 euros/MWh due to weaker demand. Meanwhile, the German equivalent contract closed 1% higher at 35.20 euros/MWh, as colder weather offset the surplus of wind generation.

 

Further on the curve, power prices were bearish, tracking lower carbon prices. The German contract for next-year delivery edged 0.1% lower at 46.62 euros/MWh. The equivalent French contract decreased by 0.3% to 49.15 euros/MWh.

 

European carbon prices extended a six-month low on Tuesday, amidst pessimism over Brexit and US-China trade negotations. The price for the 2019-exiry contract tumbled by 3.8% to 22.53 EUR/tonne.

 

Daily (11.10.2019): EU carbon prices climbed by 2.5% on Thursday, following positive negotiations between the UK and Ireland

11/10/2019 10:44:00

Crude oil prices rebounded on Thursday, as OPEC pledges to take a supply decision for next year this December. Trade talks between U.S. and China to be held next week also lent support to prices. Hence, Brent crude rose by 1.3% to 59.10 a barrel, while WTI futures climbed by 1.8% on a daily basis to end at $53.55 a barrel.

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Russia blocks coal supplies to Ukraine through Belarus

11/10/2019 09:43:00

Ukrainian MP Mykhailo Volynets, who serves as the chairman of the Independent Trade Union of Miners of Ukraine, has said that Russia has begun blocking coal exports to Ukraine via Belarus, Kosatka Media has reported.

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Statkraft scores 660MW Brazil double

11/10/2019 09:38:00

Norwegian energy company Statkraft has acquired two wind farms at an advanced stage of development in Brazil with a combined capacity of about 660MW.

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