ICE Brent prompt contract declined to 74.5 $/b at the prompt, in a volatile start of the week. Russian output in June averaged 10.42 mb/d vs 10.45 mb/d in May, questioning the ability of Russia to effectively ramp up crude production. Despite the drop in crude prices, European diesel cracks felt even stronger, at 4.8…
Prospects of more comfortable supply with the return of some Norwegian production capacity and French regas capacity this week kept a lid on European gas prices on Monday after seven consecutive sessions of gains. A downward correction in Brent prices also filtered through the Asian spot LNG benchmark and the EU gas far curve which…
US tech stocks reached new record-high levels, but the trend is rather downward on equity markets, bond yields have edged lowed and the USD has strengthened a bit, which overall reflects a more cautious sentiment, mainly linked to travel restrictions imposed by the Delta variant. The EUR/USD exchange rate is trading near 1.1920. Share this…
European gas prices ended the week on another bullish note on Friday, supported by the delayed start-up of production at the Asgard field in Norway after seasonal maintenance (15 mm cm/day impact), low wind power generation and a further drop in LNG regas flows from NW Europe import terminals. The TTF ICE July-21 contract settled…
The power spot prices in northwestern Europe for today remained almost steady compared to Friday as the slightly weaker French nuclear and hydro generation should offset the rising wind and solar production. The day-ahead prices hence reached 88.39€/MWh on average in Germany, France, Belgium and the Netherlands, only +0.23€/MWh from Friday but +10.76€/MWh from the…
