European gas prices were mixed on Friday, torn between (slightly) more comfortable spot fundamentals and ongoing strong Asia JKM and parity prices with coal for power generation. On the pipeline supply side, Russian flows rebounded to 271 mm cm/day on average on Friday (compared to 162 mm cm/day on Thursday) as the Nord Stream 1…
Record-high level for US equities on Friday, but strong downward correction in Asia overnight, after Chinese authorities announced a broad set of reforms for private education companies “hijacked by capital”. They will be banned from making profits, raising capital or going public. These measures are coming in the wake of a broader campaign against the growing…
The power spot prices remained steady at 88.30€/MWh on average in Germany, France, Belgium and the Netherlands (+0.60€/MWh day-on-day) amid expectations of mostly unchanged fundamentals for today. The EUAs fell by 1.35€/t (-2.6%) on Thursday in a sharp downward move mainly attributed to traders taking profits ahead of the summer holidays and technical pressure with…
Brent prompt prices are back to their level of the start of the week: above $73/b. The sharp downward correction on concerns over the Delta variant ($67.44/b was touched on Tuesday) has been entirely erased, as risky assets in general posted a strong recovery and the oil market acknowledged it would remain under supplied during summer.…
European gas prices were mixed yesterday. Spot prices were slightly down, pressured by lower demand. By contrast, curve prices were rather up, more sensitive to the rise in oil and Asia JKM prices than to the drop in parity prices with coal for power generation (both EUA and coal prices were down). On the pipeline…
