The European power spot prices slightly faded yesterday amid forecasts of stronger solar output, improved French nuclear availability and lower power consumption. The day-ahead prices hence reached 88.16€/MWh on average in Germany, France, Belgium and the Netherlands, -3.70€/MWh day-on-day. The carbon prices continued to rise alongside the fuels markets on Thursday and climbed above 55€/t…
ICE Brent prompt contract remained supported at 75.6 $/b. Large crude importers such as India urged the OPEC+ group to increase production, citing inflationary pressures as a potential global macro risk to growth. Stocks in the ARA region built for middle distillates and fuel oil products, showing that the ongoing recovery in European demand is…
Despitesome intraday volatility, European gas prices continued to trend higher onThursday. A further rise in coal (new high for the API 2 Jul-21 contract) andEUA prices (first settlement above €55/t since mid-May for the Dec-21 contract)dragged EU gas-to-coal switching levels higher again. In Asia, buying tendersfor spot LNG volumes in China, Taiwan and Pakistan as…
The White House has reached a deal with a bi-partisan group of Senators at the Senate on an infrastructure package including $579bn in new spending. This is far from the whole $2.3bn plan announced by Mr. Biden in March. Social spending could be part of another plan that Democrats will try to pass without the…
The power spot prices climbed further up in northwestern Europe yesterday, lifted by the soaring gas and carbon prices and forecasts of weaker renewable production. The day-ahead prices reached 91.86€/MWh on average in Germany, France, Belgium and the Netherlands, +2.90€/MWh day-on-day. The EUAs rose above 54€/t in a fourth consecutive bullish session yesterday as the…
