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Brexit leaves ambiguous future for Europe’s carbon market
Britain's decision to exit the European Union has elevated a critical question about the future of the world’s largest carbon market and fears that it could also abandon the scheme sent prices dropping.
read more... 27/06/2016
Daily: Crude oil prices loss ground in choppy trading before Brexit vote
Crude oil prices declined on Wednesday after the U.S. government unveiled a smaller-than-expected stockpile drawdown and as investors were preoccupied about Britain's upcoming vote on whether to stay in the European Union. Brent contract for August delivery lost 74 cents, or 1.5 percent, to settle at $49.88 a barrel. U.S. crude futures initially rebounded to a session high of $50.22 a barrel before falling to a settlement of $49.13, though were still firm versus the previous close of $48.85.
read more... 23/06/2016
Brexit is likely to raise UK power prices
Using its fundamental analysis model, KYOS has quantified the potential implications of a Brexit. The analysis suggests a 9.5% increase in GB power prices in 2020.
read more... 23/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016