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…
The power spot prices plunged in northwestern Europe yesterday on forecasts of surging wind output. Prices reached 29.35€/MWh on average in Germany, France, Belgium and the Netherlands, -38.67€/MWh day-on-day. The EUA prices sharply rebounded and eroded most of Wednesday’s losses with heavy exchanged volumes yesterday as the carbon prices falling below 50€/t boosted the buying…
Equity markets rebounded, bond yields edged down and the USD weakened: the impact of the Fed minutes has evaporated or maybe the markets are relieved to see the Fed starting to face up to the inflationary risk as long as the economic recovery is being confirmed. Preliminary PMIs will be released today. The bad Japanese…
