Strong gas, coal and EUA prices pushed European power curve prices further north on Thursday. Continued tightness in gas and coal supply as well as low inventories(only 30% fulness rate for EU gas stocks and ARA coal stocks down 40% yoy to4.3 mt) kept the fuel complex on a bullish trend. In the meantime, EUA…
ICE Brent prompt contract eased to 68.5 $/b. An OPEC+ internal document showed poor compliance in March, as the cumulative overproduction reached 3.3 mb/d. The main contributor remained Russia and Iraq, with a combined overproduction of 1.5 mb/d. India will purchase a regular volume of Saudi crude in June according to trading sources. Indian refiners…
European gas prices increased again yesterday, both on the spot and the curve. Prices continued to receive support from above-normal demand and weak pipeline supply, which tighten the gas systems and maintain net storage injections at relatively low levels. The rise in Asia JKM prices and in parity prices with coal for power generation (both…
Optimism seems returning on financial markets for the end of this week: equities have rebounded, while bond yields remained stable. The USD lost some ground, pushing the EUR/USD exchange rate up to 1.2070. Good economic figures in the US ahead of likely strong job creation in April as well as optimistic comments from the BoE…
The European power spot prices rose further up yesterday amid forecasts of colder temperatures and dropping wind output. Much closer than the previous day, the day-ahead prices reached 69.84€/MWh on average in Germany, France, Belgium and the Netherlands, +21.53/MWh day-on-day. The carbon prices rose throughout Wednesday, eroding most of Tuesday’s losses as the market tracked…
