European spot gas prices rebounded yesterday, wiping out some of their Friday losses. Prices on the curve were more mixed as the impact of the slight increase in parity prices with coal for power generation was offset by the drop in Asia JKM prices. On the pipeline supply side, Russian flows were very slightly down…
ICE Brent prompt contract reached 66.1 $/b on early Tuesday, as the OPEC+ ministerial meeting was rescheduled for today while their technical meeting held on Monday acknowledged demand risks emerging in India. At the same time, force majeure on Libyan crude exports was lifted from at the Hariga port. Share this news : Share on…
Financial markets are rather calm in general, with limited moves on equities, bonds and FX. The EUR/USD exchange rate has edged down but remains not far from 1.21, around 1.2075. Key economic reports are coming this week as well as a Fed meeting and the presentation by Mr. Biden of his American Families Plan that…
The European power spot prices for today are slightly lower than Friday’s, torn between an upward revision of temperature forecasts, expectations of improving French nuclear availability and weaker wind output prospects. Very close compared to the large discrepancies observed last week, the prices averaged 60.24€/MWh, -2.70€/MWh from Friday. The EUA prices took a breath from…
ICE Brent prompt contract declined to 65.3 $/b, on early Monday, as Indian demand continued to be the key downside risk, as mobility data continued to show larger oil demand destruction ahead. March’s European refining data was revised down, as refining throughput was recorded at 8.2 mb/d. European margins eased, as gasoline cracks were likely…
