Daily (14.06.2017): EU carbon prices rose above €5 in a calm session on Tuesday

14/06/2017 13:53 Daily


Oil prices slightly rose on Tuesday, after Saudi Arabia vowed to make real supply cuts and OPEC reported an increase in its output and as traders anticipate a drawdown in U.S. crude inventories.

Brent crude prices increased by almost 0.9% to settle at $48.72 a barrel, while the West Texas Intermediate for July delivery rose by 0.82% to settle at $46.46 a barrel.


British prompt gas prices fell sharply on Tuesday as the Britain-Belgium gas link was shut down, trapping surplus gas in the UK. The NBP spot contract declined by 10.73% to end at 31.60 p/therm. The July 2017 gas contract tumbled by 2.22% to close at 35.19 p/therm.


European spot electricity prices for day-ahead delivery rose on Tuesday, on forecasts of lower power generation from German wind turbines, with a slight rise in French demand and tight nuclear supply also providing support. German spot power contract jumped by 14.26% at 32.42 euros/MWh, while French spot power contract rose by 4.67% to settle at 37.91 euros/MWh.


Further along the curve, German Cal 2018 contract fell by 0.75 % to end at 30.44 euros/MWh, while French Cal 2018 steadied at 36.02 euros/MWh.


EU carbon prices increased to end above €5 in a calm session that reflected the market’s reluctance ahead of an upcoming auction glut. The EUA Cal2019 contract was almost 2% up, settling at 5.14 euros/ton.

UK could continue as associate member of Euratom after Brexit

14/07/2017 16:16:00

The UK is likely to remain in close association with Euratom, succeeding the events of Brexit, as claimed by Brexit secretary David Davis.


Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08:00

As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.


Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up

14/07/2017 11:26:00

Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.