Crude prices climbed by about 0.5 $/b, to 66.7 $/b for ICE Brent prompt month contract, as OPEC+ members maintained their production policy in a rapid meeting held yesterday. However, the API survey showed a build in crude oil inventories of 4.3 mb while distillates and gasoline stocks dipped by respectively 2.4 mb and 1.2…
European gas prices increased significantly yesterday as Ukrainian TSO failed to sell any of the total 63.7 mm cm/day interruptible capacity offered for May at the Sudzha interconnection point on the Russian-Ukrainian border. Gazprom not having booked any additional capacity, there is a risk that Russian flows at Velke Kapusany, at the Ukrainian-Slovakian border, will…
The NWEuropean power spot prices edged up yesterday amid forecasts of weaker renewable production for today, although the mostly warmer temperatures may have limited the gains. Prices reached 63.55€/MWh on average in Germany, France, Belgium and the Netherlands, +2.38€/MWh day-on-day. The carbon prices sharply rebounded from a profit-taking bearish morning yesterday as the market was…
Still very calm financial markets overall with limited variations on the stock market and no big moves on the FX market either. The EUR/USD exchange rate is trading near 1.2075, just as it was yesterday morning. However, the US 10y bond yield has rebounded to 1.64%, its highest level for more than 2 weeks. The…
The power spot prices were mixed in north western Europe yesterday, up in France and Belgium on expectations of higher demand and weaker renewable production, but down in Germany and the Netherlands on forecasts of stronger wind output and warmer temperatures. Prices reached 61.17€/MWh on average in the four countries, +0.93€/MWh day-on-day. EUAs pursued their…
