Daily (13.10.2017): EU carbon prices hit their peak since January 2016, ETS reform talks

13/10/2017 10:55 Daily


Oil prices decreased on Thursday, after the Energy Department announced a larger-than-expected decline in U.S. inventories and a drop in weekly output. The market was influenced by a bearish outlook by the International Energy Agency, which reduced its forecast for oil demand for 2018.

Brent crude closed 69 cents, or 1.2 percent, down at $56.25 a barrel. Meanwhile, U.S. light crude fell 70 cents, or 1.4 percent, to $50.60 a barrel. Both benchmarks have increased by more than 20 percent from their lows in June as world oil markets constricted.


British wholesale gas prices tumbled on Thursday as the end of some outages in Norway contributed to a rise in imports to Britain, while predictions of high production from Britain's wind farms had curbed demand for gas from gas-fired power stations. NBP day-ahead gas price slumped by 2.25 pence, or 4.9%, to settle at 43.50 pence per therm. Next quarter delivery contract traded 0.5% lower at 52.28 p/therm.


German spot electricity prices were boosted by lower wind power generation projections on Thursday, while those in France fell on decreasing demand from high levels that had factored in concern about potential nuclear tightness in the mid-term. Germany’s power contract for Friday delivery jumped 55.8% to 39.55 euros per MWh. French day-ahead electricity price was off 5.3 % closing at 50.20 euros/MWh amid unseasonably warm weather and falling pre-weekend demand.

Power curve prices in Germany dropped slightly on Thursday. Meanwhile, forward contracts in France fell on profit-taking tracking bearishness in the local spot market. The power contract for delivery in 2018 in Germany edged 0.5% down at 35.77 euros/MWh. The French equivalent contract for year-ahead delivery was 1.8% lower at 42.70 euros/MWh, having attained a record high of 43.7 euros on Wednesday.

EU carbon prices hit their peak since January 2016 on Thursday in nervous trade as potentially conclusive ETS reform discussions carried on past market close. EU carbon permits expiring in December 2020 ended slightly up at 7.61 euros a tonne.


Centrica trumpets distributed energy

15/10/2018 08:59:00

Distributed energy, including onsite generation and storage, could deliver potential carbon dioxide emission savings of 137 million tonnes by 2030 in the UK, according to a new report by Centrica.


Total SA in talks to buy 50% stake in Adani's LNG, city gas projects

15/10/2018 08:50:00

French energy giant Total SA is in talks to buy up to half of Adani Group's stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects, sources privy to the development said.


Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

12/10/2018 11:24:00

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel.