Daily (25.05.2018): European carbon prices jumped by 1.8% to new seven-year highs on Thursday

25/05/2018 11:25 Daily


Oil prices declined to their largest one-day drop in two weeks on Thursday, on expectations that OPEC could gradually end an output deal due to concerns related to supplies from Venezuela and Iran. Brent crude lost $1.01, or 1.3%, to end at $78.79 a barrel. WTI futures dropped by $1.13, or 1.6%, to close at $70.71 a barrel.  

British wholesale gas prices fell on Thursday on forecasts for higher temperatures. UK day-ahead gas price lost 1.4 pence, or 2.3%, to settle at 58.35 p/therm. Meanwhile, Q3 2018 delivery contract ended 0.6% lower at 57.89 p/therm.

European prompt electricity prices rose lifted by gains in related coal and carbon emissions rights prices. The German day-ahead power price surged by 3.6% to close at 40.36 euros/MWh. The French equivalent contract ended 1.6% higher at 42.78 euros/MWh.

Along the forward curve, prices dropped on forecasts for reduced power consumption. German Cal 19’ European benchmark closed 0.7% down at 42.82 euros/MWh. The French equivalent contract settled 0.5% lower at 47.69 euros/MWh.

European carbon prices hiked to new seven-year peaks on Thursday before rebounding from a brief intraday slump under the €16 mark. The carbon contract expiring in 2019 traded 1.8% up at 16.48 euros/tonne.


Daily(13.07.2018): NBP spot price fell by 2.5% on Thursday due to expectations for lower demand

13/07/2018 11:21:00

Oil prices were mixed on Thursday, spurred by news that the U.S. market has been undersupplied due to the loss of some Canadian oil production. Brent crude surged by 1.4% to $74.45 a barrel. Meanwhile, WTI crude edged 0.1% lower at $70.33 a barrel, as inventories at the Cushing delivery hub had fallen by almost 1M barrels.


Siemens shines for Vietnam solar

13/07/2018 09:38:00

Siemens has won an electrical balance of plant contract to supply systems to Trung Nam Group for a 258MW solar farm in Vietnam.


Savannah makes oil discovery at Kunama-1 exploration well in Niger

13/07/2018 09:13:00

The oil find at the Kunama-1 well, which was drilled by the GW 215 Rig to a total measured depth of 2,460m, marks the firm’s third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in ARB.