Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday

12/12/2018 12:01 Daily


Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.

UK wholesale gas prices continued the bullish evolution on Tuesday, as forecasts for cooler weather and stronger demand for heating provided support. NBP spot price surged by 1.4% to 63.95 p/therm. The contract for January 2019 delivery traded 1.2% higher at 65.25 p/therm. 


European power spot prices extended gains on Tuesday, due to reduced wind generation and predictions of colder weather. The German contract for Wednesday delivery closed 26.3% up at 69.91 EUR/MWh. The equivalent spot contract in France was 14% higher at 71.01 EUR/MWh.


On the forward electricity curve, prices tracked bullish oil and gas markets. The Cal’19 delivery contract in Germany traded at 58.11 EUR/MWh, while the same French contract was at 52.28 EUR/MWh, both gaining 0.4%.


EUA’s prices slumped on Tuesday, settling below the €21 level one day before the options expiry. Furthermore, the events related to Brexit put more pressure on prices. The carbon contract expiring in 2019 ended 3.3% down at 20.51 euros a tonne.

EBRD supported 262 MW of solar generation capacity in Kazakhstan

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The European Bank for Reconstruction and Development (EBRD) is currently reviewing a €300 million ($341 million) debt financing for renewable energy generation and grid transmission for the integration of renewable energy generation projects in Kazakhstan called »Kazakhstan Renewables Framework II«.


Nigerian LNG cargo heading for Portugal

24/06/2019 11:37:00

REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas from Nigeria.


Ørsted selected to build 1.1GW offshore wind project in New Jersey

24/06/2019 11:34:00

The New Jersey Board of Public Utilities (NJBPU) has selected Danish energy giant Ørsted as a preferred bidder for Ocean Wind, the first offshore wind project in the state with 1.1GW of capacity.