Energy Commodities: 15/06/10
Oil stays above US$75/bbl, US natural gas continues rally, likely to prompt fuel switching, EUAs rebound on positive energy complex.
Oil stays above US$75/bbl, US natural gas continues rally, likely to prompt fuel switching, EUAs rebound on positive energy complex.
NYMEX crude rises above US$75/bbl, Eurozone fears recede, Asian equities rally. Korea Western Power purchases 0.78Mt of Indonesian thermal coal, India drives Richards Bay coal export growth
Crude enjoys gains on Thursday, but falls back on profit taking, natural gas records slight gain despite surprise inventory build and EUAs fall back after the UK’s auction.
Crude edges up on weakening dollar and surprise inventory draw-down, OPEC cuts demand forecast for 2010, EUAs hit resistance point at €15.90/t
Unless otherwise stated, all prices are for the close of June 4.
German power: €53.40/MWh, up 1.66 per cent
Coal: €98.09/t, up 1.23 per cent
Natural gas: GB40.15p/therm, up 6.50 per cent
EUAs for December 2010 delivery: €15.34/t, up 0.52 per cent
CERs for December 2010 delivery: €12.62/t, up 0.48 per cent
Brent crude oil futures for front-month 2010 delivery: US$71.40/bbl, …
Crude oil and natural gas rise on the back of positive EIA inventory data, traders looking to US non farm payroll report, J-Power looks to South Africa for long-term coal supplies and German power edges up on lower wind output.
Oil rises above US$74/bbl, the American Petroleum Institute reports a drop in US crude inventories, while the outlook for the international thermal coal sector is looking positive.
Unless otherwise stated, all prices are for the close of June 1.
German power: €51.23/MWh, up 0.25 per cent
Coal: €96.25/t, down 1.28 per cent
Natural gas: GB36.65p/therm, down 0.00 per cent
EUAs for December 2010 delivery: €15.14/t, up 0.20 per cent
CERs for December 2010 delivery: €12.44/t, up 0.16 per cent
Brent crude oil futures for front-month 2010 delivery: US$72.47/bbl, …
Unless otherwise stated, all prices are for the close of May 28.
German power: €51.64/MWh, down 0.50 per cent
Coal: €97.50/t, up 0.78 per cent
Natural gas: GB36.65p/therm, down 0.14 per cent
EUAs for December 2010 delivery: €15.11/t, down 2.45 per cent
CERs for December 2010 delivery: €12.42/t, down 2.05 per cent
Brent crude oil futures for front-month 2010 delivery: US$72.97/bbl, …
Unless otherwise stated, all prices are for the close of May 27.
German power: €51.90/MWh, down 0.19 per cent
Coal: €96.75/t, down 1.02 per cent
Natural gas: GB36.70p/therm, down 3.93 per cent
EUAs for December 2010 delivery: €15.49/t, down 1.34 per cent
CERs for December 2010 delivery: €12.87/t, down 1.48 per cent
Brent crude oil futures for front-month 2010 delivery: US$75.15/bbl, …
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