South Korea carbon trading from 2015
South Korean business community feedback gives rise to a new carbon trading proposal by the government. The bill delays the start of the system to 2015 and takes the edge of excess emission penalties.
South Korean business community feedback gives rise to a new carbon trading proposal by the government. The bill delays the start of the system to 2015 and takes the edge of excess emission penalties.
India’s NTPC expected to import more coal to prevent summer power shortages. Bombing of Colombian railway line fails to boost international coal prices.
Situation in Libya disrupts oil and natural gas exports. BP to sell off some North Sea assets, Japan expected to import more coal this year.
Oil company shuts in 100,000bpd of production on Libya disruption, EUAs break past €15/t, Gazprom refuses shift towards spot pricing, despite growing disconnection between oil and natural gas markets.
Crude still bolstered by Middle East tensions, international coal market seeing little demand with the exceptions of Finland and Turkey. Venezuela’s PDVSA reports 30% drop in net profit.
Oil up on fears that Iran might send military vessels through Suez Canal to Syria. US Natural gas hit by mild weather forecasts, large withdrawal from storage expected. EUAs and CERs relatively unchanged from Wednesday, with the European energy complex providing little in the way of direction.
Oil closes at two and half month low, Exxon Mobil struggling to grow oil reserves organically, US natural gas up on colder weather forecasts. EUAs and CERs record slight dip on unsupportive energy complex.
EUAs recover from initial loss, end session at Friday’s levels. Xstrata’s force majeure gives boost to Newcastle coal prices.
Brent-WTI spread briefly widens to new record of US$16. Thermal coal expected to retreat on low demand, despite return of Indian buyers to the market.
Oil resumes its upward march on OPEC comments, Egypt. Natural gas futures fell slightly, but bullish sentiment on the up. Richards Bay coal terminal exports down 10% in January. Bulgaria’s suspension from carbon trading ended.
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