The power spot prices edged up yesterday as the forecasts of dropping wind output were offset by the expectations of weaker power demand and strong solar generation. Prices hence climbed by 4.99€/MWh on average from the previous day in Germany, France, Belgium and the Netherlands to reach 88.96 with the German and Netherlands prices climbing…
ICE Brent prompt contract rose to 75.4 $/b on early Wednesday, after steep crude stock draws forecasted by the API survey in the US, especially in Cushing, at the WTI pricing point. Japanese refining runs struggle to ramp up, despite the imminent start of the Olympics. According to government statistics, Indian refiners processed less crude…
The bullish trend in European and Asian gas prices showed no sign of abating on Tuesday with benchmark TTF and JKM contracts hitting new multi-year highs. TTF time spreads are in unchartered territories: WIN 21-SUM 22 above €10/MWh and Cal 2022-Cal 2023 above €4/MWh. In Europe, rising coal and EUA prices, low inventories levels and tight…
His written remark released on Monday had already shown he wanted to mitigate or even erase the effect of the “dots” on the market. His speech to Congress yesterday confirmed that. The equity market was on the rise again as well as inflation expectations, but they remain lower than before the Fed meeting. Same thing…
As expected, the power spot prices in NWE rose yesterday and climbed above the clean gas and coal costs amid support from forecasts of dropping wind and solar generation and stronger power demand. The day-ahead prices reached 83.96€/MWh on average in Germany, France, Belgium and the Netherlands. The bullish gas market drove the carbon prices…
