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Daily (26.11.20201): European carbon prices rallied to a new high above 74 EUR/t on Thursday due to speculative and compliance buying
Oil prices held steady on Thursday amid thin liquidity conditions due to US market closures for Thanksgiving. Reports that the U.S. continues to exert pressure on Russia to increase output had little effect on crude oil markets yesterday. Hence, Brent crude ended flat at $82.22 a barrel. U.S. WTI crude slipped by 0.4% to $78.10 a barrel.
read more... 26/11/2021
Enel announces $190bn investment to become net-zero by 2040
Italian energy company Enel has announced plans to invest €170bn ($190bn) by 2030 to finance its renewable energy and network businesses.
read more... 26/11/2021
Europe’s energy price hike fuelled by speculators
In the face of rising energy prices, Spain and Poland have called for trading limits to be placed on the world’s largest carbon market, the EU Emissions Trading Scheme (EU ETS). Market analysts, however, say speculative positions are currently too small to be statistically significant.
read more... 26/11/2021
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German nuclear power shutdown will not lead to power shortage
The shutdown of Germany’s last nuclear power plants will not cause supply shortages, according to calculations by the German Institute for Economic Research (DIW Berlin), CLEW reported.
read more... 26/11/2021
Daily (25.11.2021): Carbon prices surged by over 5% on Wednesday, as Germany agreed on plans of setting the EU ETS at a minimum of 60€/tonne
Oil prices decreased slightly on Wednesday, pressured by a rise in US crude reserves. Nevertheless, losses were offset by low-volume trading ahead of the Thanksgiving holiday. Hence, Brent oil and WTI crude edged 0.1% lower at $82.25 and $78.39 a barrel, respectively.
read more... 25/11/2021