European spot gas prices were up again overall yesterday, supported by an additional tightness on supply. Indeed, Norwegian flows dropped significantly yesterday to 150 mm cm/day on average, compared to 284 mm cm/day on Tuesday, due to a planned heavy maintenance at Kollsnes and Troll and an unplanned outage at Karsto. As for Russian flows,…
ICE Brent price declined to 71 $/b after a rather mixed EIA report showing crude draws combined with large product builds, as US refineries ramped up their utilization rate to 91% and product imports were at record high values. US inflation numbers could shape the crude market dynamics for this week. Share this news :…
These are the key events of the week: the ECB meeting and the May US inflation report. The ECB is expected to extend its extra bond purchases and US inflation to accelerate further. In front of that, bond yields are falling sharply: the US 10y plunged below 1.5% for the first time since early March.…
The power spot prices were mostly stable in northwestern Europe yesterday, remaining just below the clean gas costs as the contracts were torn between forecasts of stronger solar production, warmer temperatures and a lingering wind shortage. The day-ahead prices reached 76.26€/MWh in Germany, France, Belgium and the Netherlands, -0.35€/MWh day-on-day. The EUA prices rose on…
European spot gas prices increased sharply yesterday on tighter supply while the strong rise in temperatures is expected to stimulate air conditioning demand. The increase was particularly strong for Zeebrugge prices (+7.25% day-on-day), which are the most affected by the closure of the Interconnector pipeline for annual maintenance. Otherwise, Norwegian flows rebounded yesterday to 284…
