Daily (28.07.2020): European Cal’21 power prices declined to a six-week low on Monday, influenced by a 5% drop in benchmark carbon prices

28/07/2020 09:49 Daily

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Crude oil futures rose modestly at the beginning of the week, gaining little support from new stimulus package in the U.S. and weaker dollar. However, the persisting spread of COVID-19 and its impact on the economy, as well as U.S.-China tensions slashed prices gains. Hence, Brent crude added 0.2% to settle at $43.41 a barrel. At the same time, U.S.WTI crude increased by 0.8% to close at $41.60 a barrel.

NBP spot decreased sharply by 7.5% to 12.40 p/therm on Monday, pressured by a supply glut. Weaker carbon prices weighed on forward gas contracts, with the gas price for Winter 2020 delivery edging 1.8% lower at 31.06 p/therm.


European spot electricity prices evolved differently on Monday, with the German day-ahead power price plummeting by 10% to 22.97 EUR/MWh amid forecasts of higher wind power generation. On the other side, the equivalent power contract in France rallied by 21% to 32.99 EUR/MWh, propelled by lower nuclear availability.


Year-ahead power prices lost ground, taking a cue from a 5% drop in benchmark carbon prices. As a result, the German Cal’21 power dropped by 2.7% to 38.97 EUR/MWh, while the French Cal’21 power declined by 2.3% to 43.59 EUR/MWh. Both power contracts hit their lowest levels in six weeks.


EUAs expiring in 2021 dived by 5.1% to 25.38 EUR/tonne, hitting one-month low on Monday amid a resurgence in coronavirus cases and on weak technical signs.

Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data

04/08/2020 10:52:00

Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.

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Shell wraps up acquisition of carbon farming company

04/08/2020 09:42:00

Environmental services company Select Carbon specialises in developing projects which aim to increase carbon capture in plants or soil and reduce Australia’s emissions

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Russia Seeks Additional $1.9 Billion In Taxes From Oil & Gas

04/08/2020 09:33:00

Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil price crash has shrunk Russia’s key revenue stream—oil.

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