Daily (05.01.2018): WTI crude rose 0.6% to the highest level in 3 years

05/01/2018 10:43 Daily

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Oil rose above $68 a barrel to its highest since December 2014 on Thursday after conflicts in Iran raised concerns about supply risks, with support also coming from OPEC-led production cuts and demand-boosting cold weather in the US. Brent crude ended 23 cents, or 0.3%, at $68.07 a barrel. Meanwhile, U.S. crude increased 4 cents to $61.67 and also touched its highest since May 2015.

 

British wholesale gas prices slightly rose on Thursday due to undersupply and higher gas-for-power demand because of reduced wind generation. NBO day-ahead gas contract traded 0.15 pence, or 0.3%, up at 52.65 p/therm. However, further along the curve, some prices declined. The February contract was down 0.8% at 54.24 p/therm.

 

European day-ahead power prices soared on Thursday as winter storms faded and wind power supply dropped, but the remainder of the market slipped on bearish sentiment driven by good supply fundamentals and warmer weather outlook. The price of German baseload power for day-ahead delivery jumped by 5.5 percent to 31.51 euros/MWh. The French equivalent contract traded almost 11% higher at 34.01 euros/MWh.


Further out on the curve, the German year-ahead delivery contract stood 35 cents lower at 36.62 euros/MWh, disregarding a firmer fuels prices environment. The equivalent French contract was 0.6% down at 41.39 euros/MWh.


EU carbon prices insignificantly decreased on Thursday as purchasers grew cautious ahead of next week’s recommencement of auctions and as wider financial markets continued to deal with new regulations. The carbon contract expiring in 2021 settled 0.6% down at 8.07 euros a tonne.
 

Daily (14.08.2018): Carbon prices hiked by 1% to a new 7-year peak on Monday, tracking bullish coal markets

14/08/2018 13:00:00

Oil prices fell on Monday, mainly due to a sudden rise in inventories and escalating trade tensions between U.S and China, increasing worries about fuel demand. Brent crude was 20 cents, or 0.3%, down at $72.61 a barrel. Meanwhile, WTI crude slipped by 0.6% to end at $67.20 a barrel.

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Senvion seals 250MW India deal

14/08/2018 08:59:00

Senvion has secured a conditional order from Continuum Wind Energy for the supply and commissioning of 108 turbines for the 250MW Bhuj wind project in the Gujaratstate in northwest India.

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Rosatom seeks to boost cooperation in Eurasia

14/08/2018 08:49:00

Rusatom International Network - a subsidiary of Russian state nuclear corporation Rosatom - has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB).

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