European spot gas prices continued their up and down movements yesterday, dropping after the rise of the previous session. On the pipeline supply side, Norwegian flows were almost stable yesterday, at 264 mm cm/day on average, compared to 263 mm cm/day on Monday. The same for Russian flows, which averaged 332 mm cm/day, compared to…
Apart from the continued increase in oil prices, the market is fairly calm. The Fed meeting ends today with its traditional press release and Mr. Powell press conference. The likelihood of a really big surprise is very low, but Fed members’ forecasts should nevertheless point to earlier monetary tightening than previously expected. The USD is…
The power spot prices rose in northwestern Europe yesterday amid power demand strengthened by the hot weather, falling wind production and slightly weaker French nuclear generation. The day-ahead prices hence reached 82.54€/MWh on average in Germany, France, Belgium and the Netherlands, +7.36€/MWh day-on-day. Buoyed by the stronger gas and financial markets, the carbon prices rose…
ICE Brent prompt contract remained relatively stable at 73.2 $/b, US product markets were under pressure as the Biden administration considered biofuel blending mandates waivers for US refiners. European cracks remained supported, with spot diesel cracks still above 7 $/b at the prompt. Share this news : Share on twitter Share on linkedin Share on…
With fundamentals almost unchanged, European spot gas prices rebounded yesterday, keeping their bullish trend. On the pipeline supply side, Norwegian flows increased to 263 mm cm/day on average yesterday, compared to 237 mm cm/day on Friday. As for Russian flows, they were stable, averaging 329 mm cm/day. Curve prices were also higher. Ignoring the slight drop…
