The power spot prices remained steady and near the clean gas costs in northwestern Europe yesterday amid forecasts of mostly unchanged renewable production and improved French nuclear availability offsetting the impact of the stronger power demand expected today. The day-ahead prices hence reached 127.68€/MWh on average in Germany, France, Belgium and the Netherlands, only 44-cent…
European gas prices resumed their uptrend yesterday, still supported by ongoing tight fundamentals. Indeed, Russian supply dropped further yesterday, averaging 278 mm cm/day (compared to 288 mm cm/day on Friday), due to an additional drop in flows through Poland to the Mallnow interconnection point. Norwegian flows were also down, averaging 282 mm cm/day (compared to…
Crude oil prices hit a low yesterday ($71.51/bbl for Brent) after Saudi Arabia cut the price of its exports to Asian customers. Then, they recovered in a context still marked by the damage inflicted by Hurricane Ida on the oil complex in the Gulf of Mexico: 80% of the region’s production remains absent. The upward trend…
European equity markets caught up yesterday while Asian markets were optimistic for unconvincing reasons: the upcoming departure of the Japanese Prime Minister would pave the way for new stimulus measures and Chinese foreign trade accelerated in August against all expectations. We must remain cautious with these statistics, which are still affected by a strong base effect. On the other…
Supported by forecasts of a wind shortage and the record clean fuel costs, the European power spot prices climbed above 120€/MWh for today to reach 128.12€/MWh on average in Germany, France, Belgium and the Netherlands, +15.82€/MWh from Friday. The EUA prices set a new intradray record at 62.45€/t on Friday as the tight situation of…
