The European power spot prices for today slightly rose compared to Friday as the wind production, although expected to remain strong, started easing on Sunday after surging over the two previous days. If the holiday today should curb the power demand, the weak French nuclear availability expected today provided additional support to the day-ahead prices…
ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on oil infrastructure. Yet, prompt time spreads remain below 10 cents, not indicating that current fundamentals are tight. The Iranian nuclear deal revival’s timeline was also challenged by European diplomats, as…
European spot gas prices rebounded on Friday, supported by higher residential demand and weak pipeline supply. Indeed, Norwegian flows weakened again, averaging 263 mm cm/day, compared to 266 mm cm/day on Thursday, due to unplanned works at the Oseberg field. As for Russian flows, they remained stable, at 332 mm cm/day on average. The rise…
European gas prices eroded most of Wednesday’s losses in another extremely volatile session on Thursday: more than 2 euros between the intraday high and the intraday low for the TTF front-month contract and more than 1 euro for the TTF front-year contract. Tight short-term fundamentals and a rebound in coal and EUA prices were the…
CE Brent prompt contract continued to experience downside pressure at 65.2 $/b on early Friday, as prompt time spreads weakened to a single digit. Time spreads below 10 cents reflect the weak fundamentals and the expectations of a ramp-up in Iranian exports which could limit the current crude deficit. Share this news : Share on twitter Share on…
