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.

British Petroleum decided to sell North Sea assets to Serica Energy

22/11/2017 14:20:00

British Petroleum decided to sell its oil and gas assets in North Sea to Serica Energy in an agreement estimated at £300 million.


Belgium commits €1 million to IRENA for climate issues

22/11/2017 13:32:00

The Walloon government in Belgium pledged €1 million financing to the International Renewable Energy Agency (IRENA) for renewable power aid in the framework of the government’s plan to fight climate change under National Determined Contributions.


Daily (22.11.2017): EU carbon contracts posted 0.7% losses on Tuesday

22/11/2017 11:15:00

Oil prices surged on Tuesday, buyout by expectations of an extension next week to OPEC production cuts, but were under pressure from signs of increased output in the United States.