European gas prices increased strongly yesterday, supported by ongoing concerns on low stock levels ahead of the winter. The rise in Asia JKM prices (+7.53% on the spot, to €83.738/MWh, +6.36% for the November 2021 contract, to €85.187/MWh) and in parity prices with coal for power generation (both coal and EUA prices were up) provided…
European gas spot and near curve prices rebounded overall on Friday, as the increase in pipeline supply was offset by the rise in Asia JKM prices (+2.45% on the spot, to €77.876/MWh, +2.79% for the November 2021 contract, to €80.090/MWh) and technical buying. Prices on the far curve increased even more strongly, supported by the…
Crude markets continued to be boosted by winter demand expectations, as the ICE Brent November contract reached 79 $/b. The commitment of traders report showed that money-managers increased their net long position by 20 thousand lots, in line with the rally in Dec21/Dec22 spreads, now valued at 7.4 $/b, while the prompt month time spread…
The European power spot prices for today observed mixed variations from Friday to reach close levels near 140€/MWh. Averaging 141.94€/MWh in the four countries, the day-ahead contracts rose by 34.24€/MWh in Germany compared to Friday, edged down by 1.37€/MWh in France and dropped by 17.03€/MWh and 15.70€/MWh in Belgium and the Netherlands. After a week…
European gas prices extended gains yesterday, after Gazprom booked less than half of the monthly transportation capacity offered at the Mallnow entry point from October: 28 mm cm/day booked out of the 85 mm cm/day that was offered. Although Gazprom can still book additional transport capacity through daily auctions, the price reaction was immediate: prices…
