The north western European power spot prices for today slightly faded compared to Friday amid forecasts of similar renewable production levels but improved French nuclear availability. Clearing between the clean coal and gas costs (with the latter now about 4€/MWh above the first), the day-ahead prices hence reached 93.47€/MWh on average in Germany, France, Belgium…
OPEC+ members did not achieved significant progress over the weekend to agree on a production policy going forward. The group is meeting today for another round of talks, where Saudi Arabia and Russia will try to persuade the UAE to join the rest of the group in their production agreement extension. ICE Brent prompt contracts…
European and Asian gas prices retraced some of their strong gains recorded earlier in the week on Friday. Spot prices also weakened slightly on the back of a long UK gas system, rising Norwegian production due to a reduced maintenance impact and prospects of higher sendouts from French LNG imports terminals. On the curve, the…
Perfect! That was markets’ reaction after the release of the US job report showing higher-than-expected job creation, enough to be reassuring on growth, but not too strong to fuel inflation fears. Expectations that the Fed would be able to maintain a very accommodating policy even caused bond yields to fall to their lowest level in…
The European power spot prices rose near 100€/MWh on Thursday, driven up by the soaring gas and emissions prices and forecasts of dropping wind output. The day-ahead prices reached 96.34€/MWh on average in Germany, France, Belgium and the Netherlands, +7.66€/MWh day-on-day. Meanwhile the EUA prices extended their all-time high to 58.64€/t amid support from the…
