DB – EU’s 700m free CO2 credits for ageing power plant upgrade
New research by Deutsche Bank forecasts 700m in free CO2 credits to Europe’s ageing power plants.
New research by Deutsche Bank forecasts 700m in free CO2 credits to Europe’s ageing power plants.
EUAs recover from initial loss, end session at Friday’s levels. Xstrata’s force majeure gives boost to Newcastle coal prices.
Cold weather and industrial demand drives Japanese utility fuel demand, boosts power output. US natural gas hits 12 week low due to more forecasts for warmer weather.
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.
Egypt, US oil inventory report help widen spread. Natural gas futures down to near US$4/mBtu, but losses limited on bargain buying. Coal market analysts see future gains, but greater volatility ahead. EUAs and CERs hold firm, despite negative 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.
Brent makes further gains, WTI weighed down by inventory reports. US natural gas drops on forecasts of milder weather, UK gas falls on increased Norwegian output. Port of Rotterdam reports YoY drop in coal deliveries. EUAs and CERS fall despite supportive energy complex.
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