Dear Sir or Madam,
A senior representative of a major state-owned energy company has stated that China’s demand for crude oil is likely to peak sooner than initially anticipated.
The war in Iran is also accelerating the shift away from fossil fuels there. Although China is the world’s second-largest oil consumer after the US, demand growth is slowing as the country increasingly relies on electric cars and renewable energy sources.
Demand in Europe for electric mobility and photovoltaics has also risen, in order to reduce dependence on fossil fuels from politically unstable regions whilst simultaneously lowering operating costs.
Although petrol prices have fallen slightly in Germany, they stood at an average of 2.10 euros at the end of last week, whilst diesel cost around 2.30 euros.
Consequently, a 100-kilometre journey in a petrol car with an average consumption of eight litres currently costs 16 euros; for a diesel car with a consumption of seven litres, the figures are roughly the same.
An electric vehicle with a power consumption of 20 kWh and an electricity price of €0.50/kWh therefore costs a significantly lower €10, not to mention the exemption from road tax, significantly lower maintenance costs and a company car fiscal tax rate of 0.25% instead of 1.00%.
As US President Donald Trump is desperately seeking a way out of the Middle East conflict, he has postponed the attack on Iran’s gas and oil infrastructure and sent a 15-point plan to Iran. Whether this will lead to a cessation of hostilities remains uncertain, however.
Meanwhile, prices for fossil fuels have fallen moderately. This, combined with analysts’ expectations that reforms to the EU Emissions Trading System (EU ETS) will not be too drastic, has consequently caused EUA prices to rise by a good 6% on a weekly basis, with the €70 mark once again being significantly exceeded.
Due to Good Friday, there will be only four auctions on the EEX this week, with a total volume of 9,677,500 EUAs.
| Instrument | 20/03/26 | 27/03/26 | Change |
| EUA (December-26-Future) | 67.66 EUR | 71.67 EUR | +4.01 EUR |
| EUA2 (December-28-Future) | 66.54 EUR | 66.66 EUR | +0.12 EUR |
| nEZ25 (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-26-Future (UK)) | 37.14 GBP | 37.05 GBP | -0.09 GBP |
| UK Natural Gas (December-26-Future) | 151.46 GBP | 142.61 GBP | -8.85 GBP |
| ICE Brent Crude Oil (December-26-Future) | 85.87 USD | 84.43 USD | -1.44 USD |
| EURO (Forex) | 1.1572 USD | 1.1508 USD | -0.0064 USD |
(EUA, EUA2, UKA, Natural Gas, Crude Oil and Euro Currency shows day-end-exchange quotes of the benchmark contract. This market information has just an informational character and are no advice or offer to trade emission allowances or their futures and options. If you want to unsubscribe, please reply to this mail.)
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With kind regards,
Your Advantag – Team