Energy commodities: 21/06/2010
Crude makes gains, as China mulls Yuan revaluation, Rio Tinto bullish on Chinese and Indian thermal coal demand prospects, EUAs rise slightly on flat trading.
Crude makes gains, as China mulls Yuan revaluation, Rio Tinto bullish on Chinese and Indian thermal coal demand prospects, EUAs rise slightly on flat trading.
WTI hit by new US jobless claims, American natural gas climbs on smaller than expected injection into storage, EUAs and CERs buoyed by positive European 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
China’s State Grid Corp plans to increase its pumped storage hydropower generating capacity to 41GW by 2020 to complement wind and solar intermittency.
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
For the first time, Ernst & Young’s Renewable Energy Country Attractiveness Indices have put China and the US in equal first place position. China’s rise from second place has been driven by the US$34.6bn it spent on clean energy over the course of 2009 and its growing commitments to wind power. Ernst & Young’s report …
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, …
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.
You need to register as a member To read the full article and make a comment. Already a member? Login here.