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News Archive

Gas

Belgium: Continental losses weigh on prompt

Day-ahead basis sunk further into negative territory on Thursday, closing at -1.45p/th from -1.25p/th on Wednesday. Traders were of the opinion that this...

28 Jan 2010 19:34 | ESGM

Emissions

Carbon market snapshot

Traders said the CO2 market appeared to have run out of steam on Thursday, as the benchmark EUA Year 2010 contract shed another €0.35/tCO₂e to close at the...

28 Jan 2010 18:42 | EDCM

Gas

Cold blast expected in Nordic region in Feb

The Nordic region is bracing for a further onslaught of cold weather, which has led to some uncertainty and concerns spreading to the UK gas market, traders...

28 Jan 2010 16:12 | ESGM

Power

Continental: France freezes, but prompt still overvalued

The French and German week-ahead contracts moved in opposite directions on Thursday, amid forecasts of continuous cold weather. On the far curve, falling...

28 Jan 2010 19:46 | EDEM

Gas

Daily oil summary

Crude futures strengthened during the morning session. News that the US Federal Reserve planned to maintain low interest rates pushed the US dollar down....

28 Jan 2010 19:50 | EDEM ESGM

Gas

EEX hits new record

Intraday volumes on the EEX gas spot platform hit a new record on Wednesday, with 153,312MWh trading for the German GASPOOL and NCG market areas, the European...

28 Jan 2010 16:47 | ESGM

Emissions

EU sticks to 20% emissions target

The EU's official response to the UN on the Copenhagen Accord targets makes no change from its negotiating position during the conference in 2009.The...

28 Jan 2010 18:52 | EDCM

Gas

European storage down five percentage points - GSE

European storage showed a five percentage point draw in the week ending 25 January, taking levels to 65% fullness, data from storage operators' association...

28 Jan 2010 17:46 | ESGM

Gas

France: Prompt bucks NBP, Zeebrugge trend to post losses

Despite session-on-session gains at the Belgian and French hubs on Thursday, the French prompt followed the bearish trend of its continental neighbours,...

28 Jan 2010 19:04 | ESGM

Gas

Gas companies win West of Shetland tax break

Companies keen to explore the West of Shetlands offshore Scotland can now benefit from a £160m (€184m) tax break under new government legislation, which...

28 Jan 2010 16:33 | ESGM

Gas

Germany: GASPOOL Day-ahead posts heavy losses, despite cold

Prices were mostly flat in Germany, with the notable exception of the NCG and GASPOOL Day-ahead contracts. The latter was particularly bearish, as it shed...

28 Jan 2010 20:00 | ESGM

Gas

Germany's Bayerngas auctioning off storage capacity

Germany's Bayerngas will auction off storage capacity in February, the company said on Thursday. The capacity relates to Bayerngas' Wolfersberg storage,...

28 Jan 2010 16:01 | ESGM

Power

Italy: Cal '11 liquidity picks up on crude oil sentiment

Traders finally began to shift their interest to the Calendar 2011 contract during week 4, after the very low liquidity seen on the contract since the start...

28 Jan 2010 19:14 | EDEM

Emissions

Netherlands expects to empty NER for 2010

Applications for EU allowances (EUAs) from new companies are picking up in the Netherlands, after a slow year in 2009. The Dutch emissions authorities...

28 Jan 2010 18:46 | EDCM

Gas

Netherlands: TTF stabilises towards the end of a volatile week

At the TTF on Thursday, the market was calmer as it neared the end of a volatile week. The prompt was rangebound, as demand eased off slightly, while the...

28 Jan 2010 19:42 | ESGM

Gas

Poland and Russia finally hammer out supply deal

Gazprom and PGNiG have finally concluded an agreement on the supply of gas between Russia and Poland after several weeks of uncertainty, PGNiG has confirmed.The...

28 Jan 2010 16:28 | ESGM

Gas

Qatari mega-train to produce LNG next month

RasGas 3 train 7, Qatar's fourth LNG mega-train, is due to start production next month, a spokeswoman for the RasGas consortium told ICIS Heren on Thursday."The...

28 Jan 2010 16:41 | ESGM

Power

Romanian energy consumption revs up as temperatures plummet

Romania has faced an energy emergency over the past week as the country has been reeling under temperatures as low as -34e_SDgrC.The Romanian national...

28 Jan 2010 17:43 | EDEM ESGM

Gas

UK: Curve down on bearish equity marklets

The prompt once again gained off the back of colder weather forecasts while the curve was paid lower amid bearish sentiment in the financial markets.Day-ahead...

28 Jan 2010 19:13 | ESGM

Power

UK: Curve erosion picks up pace

The erosion of curve contracts picked up pace on Thursday, from "gradual to considerable" according to one trader, as a bearish fuel spectrum reasserted...

28 Jan 2010 19:36 | EDEM

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