Daily(11.07.2018): European carbon prices slightly rose on Tuesday, on bullish trend of power prices

11/07/2018 11:30 Daily


Oil prices rose on Tuesday, supported by a higher-than-expected U.S. stock draw and supply worries in Norway and Libya. Brent crude increased by 1% to $78.86 a barrel. WTI crude edged 0.4% higher at $74.11 a barrel, following Mike Pompeo’s comments on exceptional waivers over Iranian sanctions.

Most of the UK gas contracts dipped on Tuesday, due to an oversupplied system and lower than predicted demand from utilities. August delivery contract traded 0.7% lower to 58.92 pence/therm. Meanwhile, NBP spot price dropped by 1% to close at 59.10 p/therm. 


European power prices were mixed on Tuesday, due to an upward evolution in carbon, coal and oil futures on one hand, and predictions for lower wind power generation on the other. German spot power price tumbled by 0.9% to end at 52.50 EUR/MWh, while the French electricity baseload contract delivery slipped by 0.7% to 52.57 EUR/MWh.

Further along the curve, the German Cal’ 19 contract soared by 1% to 45.62 EUR/MWh. The French equivalent contract for year-ahead delivery traded 1.4% higher at 50.46 EUR/MWh.

EU carbon prices continued their bullish trend on Tuesday, reaching another 1-month peak due to bullish trend of the power prices. The carbon contract expiring in 2020 ended 0.5% higher at 16.65 euros a tonne.

Daily (18.09.2018): Electricity prices on the curve surged by around 5% on Monday, tracking bullish carbon markets

18/09/2018 11:22:00

Oil crude prices fell slightly on Monday, as trade tensions between U.S. and China could have an impact on the global demand. Brent crude ended 0.1% down at $78.05 a barrel, but losses were capped by a cut in Iranian outputs. WTI crude also slipped by 0.1% to $68.91 a barrel.


Egypt signed $1 billion oil & gas exploration deal with Shell and Petronas

18/09/2018 09:02:00

The Egyptian Ministry of Petroleum has signed a deep-water oil & gas exploration agreement with Shell and Malaysia’s Petronas, according to a statement issued by the ministry on September 15.


Gazprom and KOGAS discuss prospects for wider cooperation

18/09/2018 08:58:00

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of KOGAS, took place today at the 4th Eastern Economic Forum in Vladivostok.