Volatility has been quite strong on financial markets last week, with the Fed minutes in the middle of the week and huge price variations on cryptocurrencies. Finally, they posted their worst week since the start of the pandemic last year. The setbacks of Bitcoin and its cronies may have impacted the other assets but the…
The European power spot prices for today slightly rose compared to Friday as the wind production, although expected to remain strong, started easing on Sunday after surging over the two previous days. If the holiday today should curb the power demand, the weak French nuclear availability expected today provided additional support to the day-ahead prices…
ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on oil infrastructure. Yet, prompt time spreads remain below 10 cents, not indicating that current fundamentals are tight. The Iranian nuclear deal revival’s timeline was also challenged by European diplomats, as…
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…
