European gas prices extended gains yesterday, still supported by tight domestic fundamentals. The strong rise in Asia JKM prices provided additional support, offsetting the drop in parity prices with coal for power generation (both coal and EUA prices were down). On the pipeline supply side, Russian flows were up yesterday, at 328 mm cm/day on…
Crude prices continued to be lifted by a declining US dollar, while the Libyan national oil company declared force majeure on its Hariga port due to budget disputes with the country’s central bank. Backwardation levels on the Brent curve are now at healthy levels to incentivize stock draws. Share this news : Share on twitter Share on…
When the economic agenda is empty, markets look elsewhere and these day they see most of countries remaining in the grip of the pandemic and also political tensions on the rise. The US stock market registered its biggest downward correction in a month yesterday, while bond yields edged up. The recent behavior of the bond…
The power spot prices for today in north western Europe were strongly supported by the forecasts of weak French nuclear availability and solar production, and of a wind shortage. Prices reached 76.17€/MWh on average in France, Germany, Belgium and the Netherlands, +11.87€/MWh from Friday and +10.83€/MWh week-on-week. EUAs opened strong and hit a fresh record…
European spot gas prices were mixed on Friday. Although rising, temperatures are expected to remain below normal this week. Curve prices were more clearly up, supported by the strong rise in parity prices with coal for power generation (mainly due to the sharp rise in coal prices). On the pipeline supply side, Russian flows were…
