Bank of Ireland Global Markets Newsletter 21st February 2006

{FIRST_NAME}, welcome to the February edition of the BOIGM Energy & Emissions online newsletter. If you have any queries or feedback on this email, telephone us on (01) 609 3246 or email us.

OilPrices up GasPrices up co2Prices up

Tension in Nigeria has seen oil prices leap in recent sessions. OPEC was planning to introduce a price-supportive supply cut in March. If the interuptions continue in Nigeria, coupled with the possibility of a cut of this magnitude, oil prices may retest their highs.

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Following a fire at its Rough facility last week, Centrica has confirmed that it does not envisage re-opening the storage site for another month. This caused a spike in gas prices to the highest levels for a month.

Meanwhile, the European Commission announced proposals to crack down on anti-competitive behaviour amongst Member States.

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Carbon market liquidity dropped slightly last week with an average 2.2 Mton per day trading. The week started of on a bearish note with EUA06s dropping from €26.65/tCO2 on Feb.10th to €26.20/tCO2 on Feb.13th. Later in the week prices rebounded to €26.70/tCO2.

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In the news

Carbon Market Insights, Copenhagen, March 2006
Paul Harris will be taking part in this conference featuring the world’s leading experts on emissions and tackling the challenges, business solutions and opportunities in the global carbon market.

As your representative at this conference, Paul requests that you let us know if you have any questions that you would like aired in this arena. Read more...


Upcoming Reports : Energy & Emissions Handbook, Volume 2
Available in May and featuring revised detail on pricing, prospects for 2008-2012, and updates on Kyoto progress, EU ETS phase 2 and long term carbon pricing.
Book your copy now!

Prospects for the Oil Price
Energy costs have assumed critical importance for manufacturing companies over the last three years. More than ever, companies have to quantify and manage the risk associated with the unabated ascent of fuel prices.

This paper examines the dynamics behind the rise in oil and key factors that will determine prices in the year ahead.

Read more...

Glossary Knowledge Centre

Emission Factor
A coefficient that relates the activity data to the amount of chemical compound which is the source of later emissions. They are used as benchmarkse. Download the Energy & Emissions Handbook (pdf).