TTF ICE month-ahead prices traded as high as €30.24/MWh on Monday, breaching the €30/MWh mark for the first time since 2008. At the spot level, prices strengthened further as Norwegian gas imports were constrained by two unplanned outages and NW Europe LNG sendouts remained weak due to planned outages at Gate and Montoir import terminals. Firm entry capacity…
The European power spot prices for today slightly faded compared to Friday amid forecasts of weaker demand, higher wind output and French nuclear availability, although the lower solar production expected in the upcoming hours and recent rebound of gas and emissions prices limited the losses. The day-ahead prices hence reached 77.63€/MWh on average in Germany,…
ICE Brent prices climbed to 73.8 $/b as Iranian talks held on Sunday yielded no outcome. West African barrels are now in demand, as parts of the August loading programmed were bid by European refiners, ahead of the fuel demand recovery. CFTC positioning is showing signs that the financial community is increasingly long crude futures…
The benchmark TTF ICE month-ahead contract (July 21) reached its highest level since October 2008 at €29.40/MWh at the close on Friday, supported by planned outages at LNG import terminals in France and the Netherlands reducing LNG supply, a steady energy complex with gains in oil, coal and EUA prices and the late publication of an unplanned…
The impact of the Fed meeting is still being felt in the markets: inflation expectations have crashed (see the Graph of the day) and bond yields have followed, the US 10y falling below 1.4% overnight. The USD continued to strengthen. The EUR/USD pair plunged below 1.19. In parallel, equities plunged as well. This is the…
