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Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices
Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.
read more... 07/04/2020
CO2 may plumb fresh lows this month on virus impact
The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them to fresh two-year lows as the world locks down communities to reverse the pace of infections.
read more... 02/04/2020
Daily (26.03.2019): Carbon prices recovered by 4% on Wednesday, as U.S intends to launch a massive financial stimulus to support economy
Crude oil prices added slight ground on Wednesday, as the United States may vote on a $2 trillion stimulus package to support the economy due to the coronavirus pandemic. Brent crude traded 0.9% higher at $27.39 a barrel. In the same context, WTI futures rose by 2% to $24.49 a barrel.
read more... 26/03/2020
Biogas from Organic Waste could Cover 20% of World Gas Fuel Demand
Energy produced from organic waste could cover a fifth of global gas fuel demand in the form of low-carbon biogas and biomethane, according to the International Energy Agency (IEA).
read more... 24/03/2020
Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns
Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.
read more... 23/03/2020