Arjun Patel « Carbon Pulse

Articles by: Arjun Patel

EU Market: EUAs deepen 4-month low to drop below technical “cliff edge”

Published 20:48 on October 20, 2020 / Last updated at 03:52 on October 21, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell further towards €24 on Tuesday, extending this week’s four-month low and testing another important technical level as wider financial markets remained pressured by coronavirus concerns.

EU Market: EUAs touch new 4-mth low below €25 as supply, COVID pressures persist

Published 19:28 on October 19, 2020 / Last updated at 19:28 on October 19, 2020 / Arjun Patel / EMEA, EU ETS

EUAs inched down to a new four-month low on Monday, as technical selling backed by supply- and pandemic-linked pressures held benchmark prices under €25 for a third straight session.

EU Market: EUAs give back auction-fuelled gains to post 3.2% weekly fall

Published 19:26 on October 16, 2020 / Last updated at 00:16 on October 17, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices jumped on Friday, fuelled by a very bullish auction result, but gave back all those gains to close at their lowest in four months and notch a 3.2% fall for the week.

EU Market: EUAs tumble to 3.5-month low as COVID, Brexit worries pressure

Published 19:07 on October 15, 2020 / Last updated at 22:27 on October 15, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell below €25 to their lowest since mid-June on Thursday, testing a key technical support as more COVID-19 restrictions and a Brexit talks impasse spurred selling.

EU Market: EUAs rebound from new 2-month low on dip-buying, Brexit optimism

Published 18:39 on October 14, 2020 / Last updated at 12:09 on October 15, 2020 / Arjun Patel / EMEA, EU ETS

European carbon prices rebounded after hitting a fresh two-month low on Wednesday, with dip-buying, short-covering, and optimism surrounding Brexit trade talks said to trigger the rise, as exchange trade data showed a record level of participation in the market.

EU Market: EUAs sink towards €25 after further auction struggle

Published 19:15 on October 13, 2020 / Last updated at 20:43 on October 13, 2020 / Arjun Patel / EMEA, EU ETS

EUAs slumped towards €25 early on Tuesday, extending an eight-week low on another weak auction and heightened fears about a resumption of more drastic coronavirus lockdown measures.

EU should stick to domestic-only climate target through 2030, says Commission official

Published 22:04 on October 12, 2020 / Last updated at 22:36 on October 12, 2020 / Arjun Patel / EMEA, EU ETS

The EU should stick to a “domestic-only” emissions target until at least 2030, a European Commission official said on Monday, rejecting a return to the bloc using international credits during Phase 4 of the ETS.

EU Market: EUAs bounce back towards €26 after hitting eight-week low

Published 18:30 on October 12, 2020 / Last updated at 00:18 on October 13, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell to their lowest in almost two months on Monday amid a weaker energy complex, technical selling, and worries over the coronavirus, reinforcing the downward trend that pushed prices nearly 5% lower last week.

EU Market: EUAs sink to 7-week low as supply, COVID weigh

Published 18:25 on October 9, 2020 / Last updated at 18:51 on October 9, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell to a seven-week low on Friday as heavy auction supply continued to weigh and worries about new government coronavirus clampdowns hit the wider European energy complex.

EU Market: EUAs slip to 1-week low amid EU 2030 target, Brexit doubts

Published 19:15 on October 8, 2020 / Last updated at 20:42 on October 8, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell towards €26 on Thursday, receding further from the previous session’s two-week high as traders cast doubts on the influence of MEPs’ higher climate ambition and the ability of EU and UK negotiators to reach a Brexit trade agreement before next week’s deadline.