The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with a Q&A session at the end of each topic: • Macro: Global recovery held back by supply constraints• Oil: Oil markets at OPEC’s mercy• Natural Gas: TTF prices at all-time…
The power spot prices slightly faded in northwestern Europe yesterday amid forecasts of weaker demand, stronger solar generation and higher French nuclear availability, although the fading wind output might have limited the losses. The day-ahead prices hence reached 89.63€/MWh on average for today in Germany, France, Belgium and the Netherlands, -1.82€/MWh day-on-day. The EUA Dec.21…
Crude prices remained at 69 $/b for the September ICE Brent contract, as the API survey showed stock builds in the US, whereas the market consensus expected draws in crude and gasoline inventories. Indeed, the industry survey reported that crude inventories might build by 0.8 mb, while Cushing stocks were depleted by 3.9 mb. This would…
European gas prices weakened yesterday, pressured by rumors of an imminent US-German agreement on Nord Stream 2 and profit taking. The drop in parity prices with coal for power generation (both EUA and coal prices were down) also exerted downward pressure. On the pipeline supply side, Russian flows remained stable at 163 mm cm/day on…
Broad rebound in equity markets yesterday, but the US 10y remains stuck at 1.2% this morning, after having even touched 1.13%. The market remains cautious but with such low bond yields, investors have no choice but looking at riskier assets to find a descent return on investment. Moreover, the US earnings season has started and not…
