Daily (27.07.2020): European CO2 prices dropped by over 3.5% on Friday, due to falling equity markets and weak auction activity.

27/07/2020 10:09 Daily


Oil prices added slight momentum on Friday, supported by Euro zone business activity growth in July. In this context, the International benchmark, Brent crude settled 0.1% higher at $43.34 a barrel. Similarly, WTI crude rose by 0.5%, to settle at $41.29 a barrel, due to a rise in U.S. business activity to a six-month high in July.

Lower flows from Norway and higher demand for gas used for power, boosted the spot gas price on Friday. The day-ahead price rose by 1.2% to 12.90 p/therm. On the curve, the price for the August 2020 delivery contract decreased by 0.8% to 13.59 p/therm amid lower carbon prices.


European spot electricity prices were bearish on Friday. The German spot price plunged by 18.1% to 25.52 EUR/MWh following an increase in solar power production. Meanwhile, the equivalent French price plummeted by 19.6% to 27.29 EUR/MWh, due to stable nuclear supply and a drop in demand.


At the same time, electricity prices on the forward curve lost ground on Friday, tracking bearish carbon prices. The German 2021-delivery contract lost 1.9% to settle at 40.05 EUR/MWh, while the French equivalent contract traded 1.2% down at 44.60 EUR/MWh.


A weak auction and falling equity markets put pressure on European carbon prices on Friday. As a result, the benchmark Dec-20 EU carbon contract settled 3.5% lower at 26.37 EUR/tonne.

Assembly of world’s largest nuclear fusion reactor begins in France

30/07/2020 10:49:00

A total of 35 nations are currently collaborating to build tokamak, a magnetic fusion device, which aims to demonstrate the real potential of fusion as a large scale carbon-free source of energy


Shell’s second-quarter LNG sales drop

30/07/2020 09:52:00

The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during the second quarter of this year as it reported a huge quarterly loss.


Daily (29.07.2020): British gas prices gained ground on Tuesday amid lower Norwegian flows and higher carbon prices

29/07/2020 10:24:00

Crude oil futures ended lower on Tuesday as market players continue to fret over the impact of COVID-19 on energy demand ahead of weekly petroleum supply data expected to show a further rise in U.S. crude inventories. Hence, Brent crude slipped by 19 cents, or 0.4%, to settle at $43.22 a barrel, while U.S. WTI crude futures declined by 56 cents, or 1.4%, to settle at $41.04 a barrel.