Energy commodities: 24/08/10
Crude sinks below US$73/bbl, cooler weather in the US drags natural gas and electricity production down, EUAs and CERs drop on profit taking.
Crude sinks below US$73/bbl, cooler weather in the US drags natural gas and electricity production down, EUAs and CERs drop on profit taking.
Oil rebounds on weaker dollar, storm fears. Consumption at key Chinese coal-fired power plants up. CDM board axes HFC23 projects, EUAs settle above €15.00/t.
Crude edges up despite record US inventories, natural gas falls despite lower than expected injection into storage, coal prices edge up on technical factors, CER-EUA spread narrows to a new low on HFC23 project fears.
Total US oil and oil product inventories hit new high, oil prices recovering thanks to US and Asian equities, NYMEX natural gas trades lower on cooler temperatures, quiet storm season, coal prices edge up on higher buying.
Crude edges down on API report, Natural gas prices rise due to storms in the Caribbean, CERs outperform EUAs due to suspension of three major projects.
Oil slides on economic concerns before receiving boost from lower US dollar, coal prices continue to sink on weak demand and lower German power, EUAs and CERs see weak liquidity, edge down on negative energy complex.
Crude comes off month low, thanks to weakening US dollar, natural gas rises marginally on technical trading, Chinese power output rises dramatically in first seven months of 2010 and EUAs edge up on mildly positive energy complex.
Oil continued to be hit by fears of double-dip recession, thermal coal prices weaken on expectations of reduced 2H10 Chinese demand, carbon markets advance despite weak energy complex.
Oil down on economic concerns, US distillate inventory build double that predicted by experts, EUAs and CERs drop on unsupportive energy complex.
Crude drops on US equities, Chinese import data. US coal supplies at power plants continue to fall, natural gas down due to forecasts of lower temperatures. EUAs and CERs drop on broadly negative energy complex. Chinese power consumption hits new record.
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