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

05/01/2018 10:43 Daily


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.

ORE Catapult is looking for partner for offshore innovation center

19/01/2018 11:30:00

The Offshore Renewable Energy (ORE) Catapult is looking for a collaboration with a UK university to create a new research hub. The projected center would combine academic and industry skills to hasten electrical infrastructure research and expansion activities linked to offshore green energy technologies.


Shale gas extraction - one of the least clean energy ways to generate power

19/01/2018 11:20:00

According to a new report from The University of Manchester, shale gas fracking is considered one of the least sustainable ways to produce electricity. Among the nine forms of power generation, fracking is ranked on the seventh place.


Daily (19.01.2018): EU carbon prices jumped by 3.6% on Thursday to hit fresh 2-year highs

19/01/2018 10:45:00

Oil prices slipped on Thursday on a bounce-back in U.S. output, but continuing declines in crude inventories limited losses in the market. Brent crude futures traded 7 cents, or 0.1%, lower at $69.31. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures was almost constant at $63.95 a barrel.