As expected, the surging wind output expected from today weighed on the European power spot prices yesterday, although the below-normal temperatures and weak nuclear availability in France kept the country’s prices above the others. Prices reached 63.62€/MWh on average, in Germany, France, Belgium and the Netherlands, -12.68€/MWh day-on-day with day-ahead contracts ranging from 56.20€/MWh in…
European gas prices were mixed yesterday, torn between the impacts of ongoing tight balances on the one hand and profit taking by financial participants on the other hand. The very slight increase in Asia JKM prices and parity prices with coal for power generation (the rise in EUA prices offset the drop in coal prices)…
Crude oil prices pulled back to 66.3 $/b as the exponential growth of the pandemic in India continued to lower demand expectations for the third-biggest crude oil importer. The API survey showed a small build in crude stocks as US refining throughput declined slightly while gasoline inventories dropped by 1.6 mb. Japanese runs continued to…
At least the movements on the financial markets were consistent yesterday. Equity markets were down and even sharply down in Europe. In parallel, after an initial increase nevertheless, bond yields registered a marked fall, the US 10y touching a 5-week low (price at a 5-week high). In a context dominated by risk aversion, the USD…
The power spot prices remained quite stable in north western Europe yesterday amid forecasts of steady demand, nuclear availability and renewable production. Prices reached 76.30€/MWh on average, +0.14€/MWh day-on-day and ranging from 72.80€/MWh in the Netherlands to 81.14€/MWh in France. EUAs climbed to a new record high of 44.95€/t yesterday morning in another attempt to…
