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(Daily 01.07.2022): EUAs rose to a new six-week high on Thursday due to persistent steady buying
OPEC+ reiterated that it will only boost output in August by as much as it had previously indicated amid tight global supplies, contributing to a decline in oil prices on Thursday. Thus, Brent crude fell by 1.3% to settle at $114.81 a barrel. WTI crude decreased by 3.7% to $105.76 per barrel.
read more... 01/07/2022
Daily (07.06.2022): EUAs slumped by 6% on Monday as traders eye ETS reform vote
Oil prices fell slightly on Monday as increased supplies of Russian crude headed for Asia counterbalanced the optimism sparked by Saudi Arabia's larger-than-expected price hike for Far East exports. Hence, Brent crude lost 21 cents, or 0.2%, to settle at $119.51 a barrel. U.S. WTI crude slipped by 37 cents, or 0.3%, to settle at $118.50 a barrel.
read more... 07/06/2022
Daily (11.02.2022): European Cal’23 power prices fell by over 2% on Thursday amid weaker EUAs, gas
Crude oil prices traded flat on Thursday as market participants awaited the conclusion of indirect nuclear discussions between the US and Iran, which might pave the way for increased crude supplies. Hence, Brent crude steadied at $91.41 a barrel. U.S. WTI crude added 0.3% to $89.88 a barrel.
read more... 11/02/2022
Daily (10.02.2022): European carbon prices lost around 6EUR on Wednesday amid an aggressive sell-off and British utilities swapping EUAs for UKAs
Crude oil prices rose on Wednesday, supported by an unexpected drop in US crude stocks. Gains, however, were limited by eased Russia-Ukraine tensions. As a result, Brent oil gained 0.9% at $91.55 a barrel and WTI crude edged 0.3% up at $89.66 a barrel.
read more... 10/02/2022
Daily (11.01.2022): EUAs dropped by 6% on Monday as auction supply resumed
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022