This site uses cookies - read more here. By continuing to use our website without changing the settings, you are agreeing to our use of cookies.

Daily (30.07.2020): European CO2 prices rebounded by nearly 2% on Wednesday tracking a stronger auction in Poland.

30/07/2020 13:19 Daily

news

Crude oil prices inched higher on Wednesday, following an unexpected drop in US crude inventories. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

Gas prices added momentum on Wednesday, amidst higher oil prices and a decrease in wind forecasts that boosted gas-for-power demand. Hence, the NBP day-ahead price rose by 1.5% to 13.20 p/therm, while the contract price for delivery in Q4 2020 climbed by 1.6% to 27.35 p/therm.

 

European spot power prices were bullish on Wednesday, due to an increase in demand on the back of hot weather. The price for the German day-ahead power contract hiked by 71.7% to 35.62 EUR/MWh, while the equivalent French contract settled 7.1% higher at 40.36 EUR/MWh.

 

Meanwhile, forward electricity prices added ground due to higher carbon and gas prices. The price for the German power contract for delivery in 2020 surged by 2.2% to 39.86 EUR/MWh, while the equivalent French contract settled 1.5% higher at 44.52 EUR/MWh.

 

EU carbon prices rebounded on Wednesday driven by strong auction activity in Poland. The contract expiring in 2021 rose by 1.7% to 26.55 EUR/tonne.

Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism

15/01/2021 09:11:00

Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand. Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.

<READ MORE

Portugal on track to become coal-free by year end

15/01/2021 08:50:00

The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving Portugal with just one remaining coal power station in operation, which is scheduled for closure in November.

READ MORE

Shell-Exxon aims at $2.5 billion in Dutch subsidies for carbon storage

15/01/2021 08:44:00

A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday.

READ MORE