DOWNLOAD OUR SPECIAL REPORT The thermal coal market is also experiencing a significant tightness this year A lot has already been said about the worrying level of European gas stocks and its strong impact on global energy prices with notably TTF front-month prices breaching the €50/MWh mark and German Cal 22 power prices breaching the €90/MWh…
NWE spot baseload power prices weakened yesterday, to €112.303/MWh on average for today delivery (compared to €118.879/MW for Thursday), pressured by forecasts of higher wind generation (5596 MW for today in Germany, compared to 3151 MW yesterday). EUA Dec’21 prices resumed their uptrend and closed at €61.52/t (+2.33% day-on-day), supported by the rise in the…
After taking a breather on Wednesday, European gas prices resumed their uptrend yesterday, still supported by tight fundamentals. Indeed, Russian supply remained weak yesterday, averaging 287 mm cm/day (compared to 288 mm cm/day on Wednesday), as both flows through Poland and Ukraine remained below their levels of last week. Norwegian flows were down, averaging 292…
The BSEE reported that as of yesterday that the total outages in the Gulf of Mexico remained at 1.7 mb/d, which was revised higher from the day before when the bureau estimated outages at only 1.4 mb/d. This shows that impacts on production are still not fully understood. In the wake of this news and a…
A new record for the equity markets in New York, stable bond yields and a falling USD: the market is calmly awaiting the August employment report in the US. The consensus is +725k, down from the last 2 months. The ADP figures suggest a much lower result, reflecting the surge in the delta variant. On the other…
