Technical:

• V15, V18 matching time spent under 4-week MA in Q2
• Dec 15/16 funding rate breaks 3.3% support level, as 2017/18 spread widens
• Convergence between year-end and 2016 OI growth suggests availability of further funding rate support

Fundamental:

• Flagging crude and gas markets, indications of low demand in fuels sector, produce bearish carbon outlook
• Production-based updates to power, OG production, refining, and gas supply sectors see slight downward adjustment to emissions forecast

Also includes:

• Price commentary
• CCO tracker
• Policy dashboard
• Key dates

Download Weekly Carbon Outlook (Aug 3, 2015)