Daily (13.04.2018): European carbon prices soared by 1.3% to hit their two-week peaks on Thursday

13/04/2018 11:30 Daily


Oil prices were mixed on Thursday. Brent futures fell from peaks last reached in late 2014 due to a stronger dollar, while WTI crude rose on worries over a military clash in Syria. Brent crude ended 4 cents, or 0.1%, down at $72.02 per barrel. WTI futures edged 0.4% higher at $67.07 per barrel.

UK gas prices along the forward curve declined on Thursday because of an oversupplied system. Q3 2018 delivery contract closed 1% lower at 47.54 p/therm. Meanwhile, day-ahead gas price increased on forecasts for strong demand from gas-fired power stations. NBP spot added 2.5 pence, or 2.9%, to close at 53.00 p/therm.


European electricity prices surged on Thursday boosted by predictions of a slump in wind and solar power generation in Germany. German baseload contract settled 29.1% higher at 38.53 euros/MWh, while the French equivalent contract soared by 2% to 44.98 euros/MWh.

Further along the curve, German power contract for year-ahead delivery, Cal 19’ European benchmark, ended 0.4% higher at 38.04 euros/MWh. Meanwhile, French 2019 delivery contract traded 0.5% higher at 42.50 euros/MWh.

EU carbon prices jumped to two-week highs on Thursday in choppy trade, recovering strongly after a weak auction result and despite analysts’ predictions of a near-term correction. The carbon contract expiring in 2019 ended 1.3% higher at 13.71 euros/tonne.

TANAP to strengthen Turkey's energy security - minister

15/08/2018 08:26:00

Trans-Anatolian Natural Gas Pipeline (TANAP) will strengthen Turkey’s energy security and contribute to the diversification of energy sources, Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar said, Turkish media reported.


Egypt Signs New Agreements with European Oil Companies

15/08/2018 08:18:00

Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla signed three agreements today for the exploration of oil and natural gas in the Mediterranean, Western Sahara and Nile Delta.


Simec unveils 1GW Oz plans

15/08/2018 08:06:00

GFG Alliance subsidiary Simec Zen Energy has unveiled details about a $1bn, 1GW clean energy portfolio to be built in Whyalla, South Australia including the 280MW Cultana solar PV project.