Daily (11.05.2018): EU carbon contracts hit new 7-year peaks on Thursday following energy gains

11/05/2018 13:47 Daily


Oil prices surged on Thursday, as US sanctions are most likely to affect oil flows from the major exporter Iran. 


Brent crude increased by 0.3% to settle at $77.47 a barrel. U.S. West Texas Intermediate futures went up 22 cents to reach $71.36 a barrel.


UK wholesale gas prices diverged on Thursday, driven on one side by above normal temperatures and on the other side by lower-than-expected supply, caused by certain domestic production disruptions. NBP spot price decreased by 0.3% to 53.45. Winter 2018 delivery contract closed 1.6% up at 60.73 p/therm. 


European prompt power prices soared on Thursday tracking the upward evolution of the carbon contracts. Germany’s baseload price for day-ahead delivery hiked by 67.3% to 42.20 euros a megawatt hour (MWh). Meanwhile, the French equivalent contract posted a 71.85% jump at 41.88 euros. 


Further along the curve, power contracts continued the bullish trend. German Cal 19’, the European benchmark, ended 0.7% up at 40.31 euros/MWh, while the French equivalent contract closed 0.8% at 45.18 euros/MWh.

EUAs carbon prices kept on rising to hit a new 7-year peak on Thursday as demand exceeded supply and a bullish energy complex. The carbon contract expiring in 2019 traded 4.3% up at 14.77 euros a tonne.

Daily (15.01.2019): Brent crude dipped by 2.5% on weak China import-export data

15/01/2019 11:38:00

Oil prices dropped on Monday as China reported weakening import-export data, which added to persistent concerns about a global growth slowdown. Brent crude plunged by 2.5% to $58.99 a barrel, despite support from OPEC-led output cuts. WTI futures slumped by around 2% to settle at $50.51 a barrel.


SSE completes £970m Caithness-Moray transmission project in Scotland

15/01/2019 09:31:00

The company said that its subsidiary Scottish and Southern Electricity Networks Transmission (SSEN Transmission) completed the construction, commissioning and energization of the Caithness-Moray project on time and within the allowance approved by Ofgem.


Importers hike the price of Russian gas in Romania

15/01/2019 09:28:00

WIEE, a company that imports Russian natural gas to Romania, notified its customers about a 2% price hike effective January 1, 2019, local Economica.net reported.