Oil rises on Chinese industrial output, US crude inventory draw down. Natural gas gives up its gains as stockpiles hit a new record. Coal prices advance on stronger Asian demand. EUAs and CERs rise on higher German power, but gains capped by unfavourable fuel price movements, EU plans to reassess role of UN credits in EU ETS, if the 30% is goal adopted.
Taiwan’s largest CO2 emitter looks at a carbon capture trial for its flagship Taichung power plant.
India’s Reliance Power continues to look to the US and China for finance and expertise as it continues its ambitious expansion plans.
Oil up on equities, industrial output, comments from Saudi Arabia and Qatari oil ministers. Natural gas drops significantly as two day rally snaps with a vengeance. EUAs rise marginally, on German baseload power contract while CERs drift down.
WTI falls back below US$82/bbl, natural gas continues its descent, on mild weather, high inventories. EUAs and CERs up on supportive energy complex.
Additional 660MW unit takes total investment to INR130bn.
20.5GW of coal-fired power generating capacity expected to be built over the next 20 years.
Company cites lack of power demand, withdraws from CCS competition.
Crude up on QE speculation, natural gas recovers from Thursday’s losses, coal burn at US power plants down 7% WoW and carbon markets rise, despite lower power, fuel prices.
Oil prices fall on equity movements, job report speculation, before regaining ground on weaker US dollar. Natural gas falls further, due to higher than expected inventory build. EUAs retreat as UK auction fails to ignite the market and the energy complex disappoints.
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08 Feb 2012
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