Carbon and power prices soared amid spiking gas prices
The European power spot prices slightly faded yesterday, weighted by forecasts of stronger wind and solar generation despite the clean gas costs surging by nearly…
Crude oil prices remained stable on Thursday, at 63 $/b for the prompt ICE Brent contract. Looking at refined products, prompt ICE gasoil crack is now above 5 $/b and slow recovery from last month’s slump. Low physical spot prices globally triggered Indian buyers to bid on West African cargoes. Biodiesel prices in the US are likely to remain sustained as supply remains low due to rising prices in alternative agricultural markets.
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