Energy commodity report: December 13, 2010
Oil up on OPEC quota decision, Japanese utilities increase fuel oil consumption, global coal markets to tighten in 2011, CERs pull EUAs up on ECX changes to 2013 contract, Cancun outcome.
Oil up on OPEC quota decision, Japanese utilities increase fuel oil consumption, global coal markets to tighten in 2011, CERs pull EUAs up on ECX changes to 2013 contract, Cancun outcome.
Investment driven by strategic need to reduce fossil fuel imports.
Oil up on more quantitative easing speculation after G20 meeting. Natural gas finishes previous week down 5.7%. EUAs and CERs rebound despite weak energy complex.
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.
Douglas Pennell, Matthias Hiddemann and Peter Flohr of Alstom Power, explore how Alstom has been evolving its burner technology to adapt to shifts in fuel sources and the changes in fuel parameters expected to occur in the future.
Japanese utility also looking to focus on overseas operations.
Oil up on positive sentiment, after bouncing back from lower than expected US GDP data, US coal burn down on lower temperatures, Japanese LNG imports hit record volumes, coal’s contribution to China’s energy mix expected to fall.
NYMEX crude hovering below US$79/bbl, Chinese LNG demand to rise dramatically, but long term potential capped due to unconventional domestic production, EUAs and CERs decline on lower German power, profit taking.
The IEA sees supply gut as demand in the developed countries is not expected to recover for another two years.
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