Emissions Trading / Carbon Market News (2018-02-13)

Dear Sir or Madam,

The OPEC expects a global economic growth of 3.8% and therefore expects demand for crude oil to increase by 1.6 million barrels per day to 98.6 million barrels. The increase in non-OPEC-controlled states is also estimated at 1.4 million barrels per day.

Nonetheless, oil prices have plummeted due to reports that US crude oil production has risen to more than 10 million barrels a day, and the US plans to become the world’s largest crude oil producer by the end of the year, thanks to Donald Trump’s policies.

Since the oil is not only produced, but also consumed and thus releases huge amounts of greenhouse gases worldwide, some observers may doubt whether the international community will succeed even marginally, the goal of limiting global warming to well below 2 °C to reach.

Prices for European CO2 emission allowances again surpassed the nine-euro mark due to increased demand at the auctions last week, closing on a weekly basis with a plus of 3 percent at 9.21 euros / ton. The start of the week was clearly bullish; the EUA are currently in the range of around 9.50 euros and seem to want to find their way towards the 10-euro mark.


(Average Quotes Exchange / OTC)
Instrument 2018-02-02 2018-02-02 Change
EUA (Spotmarket) 9.21 EUR 8.93 EUR +0.28 EUR
EUA (December-2018-Future) 9.23 EUR 8.96 EUR +0.27 EUR
CER (Spotmarket) 0.17 EUR 0.18 EUR -0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 62.83 USD 68.37 USD -5.54 USD
EURO (Currency, Forex) 1.2251 USD 1.2456 USD -0.0205 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

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With kind regards,

Advantag Services GmbH