Daily (14.11.2019): EUAs rebounded by 1% on Wednesday, amidst a lack of auction supply and positive economic data

14/11/2019 11:45 Daily


Crude oil prices inched higher on Wednesday, stimulated by upbeat economic comments from Jerome Powell, the Chair of Federal Reserve. A drop in U.S. crude stocks and a positive outlook on oil markets from OPEC also supported prices. On this background, WTI futures rose by 0.6% to $57.12 a barrel, while Brent crude edged 0.5% higher at $62.37 a barrel.

A rise in Norwegian flows via the Langeled pipeline and plenty of LNG supplies led to an oversupplied system, weighing on British wholesale gas prices on Wednesday. As a result, NBP spot fell by 1.4% to 38.50 p/therm. On the curve, the contract price for delivery in Q1 2020 declined by 0.3% to 43.10 p/therm.


European spot power prices fell on Wednesday as milder weather forecasts curbed demand. The German day-ahead power price dropped by 3.7% to 45.32 euros/MWh. The French spot power price fell by 6% to 53.08 euros/MWh.


On the curve, higher CO2 prices pushed the German Cal2020 delivery contract 0.2% up at 45.56 euros/MWh. However, the French equivalent contract ended 0.1% lower at 48.03 euros/MWh, amid weaker gas prices.


EU carbon prices recorded gains on Wednesday, due to weaker auction supply and optimistic economic data. The contract expiring in 2019 ended 1.1% higher at 24.39 EUR/tonne.

UK gives blessing to Vanguard, delays Hornsea 3

02/07/2020 10:38:00

BEIS Secretary Alok Sharma issues decisions on offshore wind farms off east England totalling 4.2GW


Poland's May coal output and sales fall to lowest on record

02/07/2020 09:22:00

Poland generates almost 80 per cent of its electricty from coal but the industry is facing financial problems due to falling demand and rising production costs


Daily (02.07.2020): EUAs soared briefly above the €28-level on Wednesday, to hit 11-month highs amid speculative buying

02/07/2020 09:26:00

Crude oil futures gained ground on Wednesday amid a massive drawdown in U.S. crude stockpiles, suggesting that demand is improving. However, the surge in new coronavirus cases limited the market’s upside. Hence, Brent crude for September delivery rose by 88 cents, or 2.1%, to settle at 42.03 a barrel. At the same time, U.S. WTI crude gained 55 cents, or 1.4%, to end at $39.82 per barrel.