The Brent 1st-nearby price jumped higher from below $69/b to above $72/b, while the WTI posted an even-bigger rebound from around $66.5/b to $70.3/b now. Crude oil prices followed the general trend in risky assets that had declined excessively in the previous days. In the short-term, the oil market remains under-supplied, which should prevent any strong…
European gas prices rebounded yesterday, supported by the increase in oil and Asia JKM prices and technical buying. The rise in parity prices with coal for power generation (both EUA and coal prices were up) also exerted upward pressure. On the pipeline supply side, Russian flows were almost stable at 162 mm cm/day on average…
Concerns about the spread of the Delta variant seem to have significantly diminished suddenly: bond yields rebounded, the US 10y nearing 1.3%. Stock markets were on the rise, sharply in Europe with increases of around 2% on average, and commodity prices rebounded as well, led by oil. The USD weakened logically in this context and…
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…
