Daily (22.01.2021): Carbon prices rose by nearly 4% on Thursday, supported by investor’s interest and cold weather outlooks

22/01/2021 11:16 Daily


Oil prices closed rather flat on Thursday. The United States’ return to the Paris climate agreement and the discontinuation of the Keystone XL pipeline project put pressure on oil prices. On the other hand, prices received support from the US fiscal stimulus package. Consequently, Brent oil settled on par with Wednesday’s close at $56.10 a barrel, while WTI crude edged 0.3% lower at $53.13 a barrel.

The British front-month gas price decreased on Thursday, weighed by expectations for increased LNG supply. Despite a currently undersupplied system, the February NBP contract lost 1.5% to close at 56.57 p/therm. Long-term contracts were bullish, following a surge in carbon prices yesterday. As such, the Sum2021 gas contract traded 0.6% higher at 43.01 p/therm.


European day-ahead power prices rebounded sharply on Thursday, supported by outlooks of freezing temperatures and lower wind generation. As a result, the German spot power price rocketed by 41.44% to 42.53 EUR/MWh, while the French spot power price soared by 20.1% to 49.95 EUR/MWh.


Contracts on the curve were bullish, tracking stronger carbon prices. Hence, the German Cal’22 power contract traded 1% higher at 50.71 EUR/MWh and the French Cal’22 power price edged 0.7% higher at 51.83 EUR/MWh.


Carbon EUA’s surged by nearly 4% yesterday, driven by investors’ interest and prospects of increased fossil-fuel generation due to colder weather outlooks and less wind. Consequently, the CO2 contract expiring in December 2021 gained 3.7% to close at 34.11 EUR/tonne.



Daily (04.03.2021): Growing volumes of LNG supply pushed British gas prices lower on Wednesday

04/03/2021 10:27:00

Oil prices surged on Wednesday, supported by decreasing gasoline reserves in the United States and anticipation for the OPEC+ summit on Thursday. As such, Brent oil increased by 2.2% to $64.07 a barrel and WTI crude soared by 2.6% to $61.28 a barrel.


UK's hydrogen future could involve both blue and green pathways

04/03/2021 08:45:00

The UK's hydrogen future could involve a mix of both blue and green production pathways, but it needs to get started or risk falling behind, panelists said March 3.


China ‘installed half of new global offshore wind capacity in 2020’

04/03/2021 08:43:00

China accounted for half of all new global offshore wind capacity in 2020.