Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday

12/12/2018 12:01 Daily


Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.

UK wholesale gas prices continued the bullish evolution on Tuesday, as forecasts for cooler weather and stronger demand for heating provided support. NBP spot price surged by 1.4% to 63.95 p/therm. The contract for January 2019 delivery traded 1.2% higher at 65.25 p/therm. 


European power spot prices extended gains on Tuesday, due to reduced wind generation and predictions of colder weather. The German contract for Wednesday delivery closed 26.3% up at 69.91 EUR/MWh. The equivalent spot contract in France was 14% higher at 71.01 EUR/MWh.


On the forward electricity curve, prices tracked bullish oil and gas markets. The Cal’19 delivery contract in Germany traded at 58.11 EUR/MWh, while the same French contract was at 52.28 EUR/MWh, both gaining 0.4%.


EUA’s prices slumped on Tuesday, settling below the €21 level one day before the options expiry. Furthermore, the events related to Brexit put more pressure on prices. The carbon contract expiring in 2019 ended 3.3% down at 20.51 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.