Protests in Bahrain draw oil traders’ attention away from Japan, Chinese coal imports fall sharply in February. EUAs and CERs rise dramatically on three month suspension of German nuclear life-time extension programme.
Protests in Bahrain and arrival of Saudi troops fail to halt the drop in oil prices triggered by the crisis unfolding in Japan.
Attacks on oil storage and pipeline facilities in Libya rattle market, analysts expect drop in crude output to persist. US natural gas rises. but gains capped by warm weather outlook.
Bank of America Merill Lynch expects Brent crude to average US$122/bbl in 2Q11. India’s dependence on imported energy predicted to double by FY2021/22.
India’s NTPC expected to import more coal to prevent summer power shortages. Bombing of Colombian railway line fails to boost international coal prices.
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.
Oil falls on Tuesday, as Suez canal fears dissipate and traders focus on Chinese interest rate hike, regains ground in Wednesday morning trade. Natural gas futures continue to drop on forecasts of higher temperatures. EUAs and CERs up despite negative energy complex.
Oil down as Egyptian tensions ease, natural gas dragged down by forecasts for warmer weather come the weekend. Thermal coal prices drop courtesy of pay settlement at Cerrejon, lack of Asian appetite. Carbon hit by weak energy complex,
Oil down on stronger dollar, WTI hit by record Cushing inventories. Natural gas falls as EIA inventory report disappoints. EUAs and CERs drop ahead of registries’ reopening today.
Violence in Egypt keeps Brent above US$102/bbl, US natural gas up weather, expectations of greater than average withdrawal from storage. EUAs and CERs gain on strong energy complex. Five EU registries to reopen on Friday.
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08 Feb 2012
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