The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with a Q&A session at the end of each topic: • Macro: Widening US-Europe gap, comeback of inflation risks: which impact on financial markets?• Oil: Real and speculative demand: driving Forces…
The power spot prices were once again mixed in north western Europe yesterday, down in France amid forecasts of weaker demand, but up in Germany, Belgium and the Netherlands where the prices reached 69.25€/MWh on average (+8.48€/MWh day-on-day) with support from the dropping wind output. Prices in France remained high at 80.66€/MWh (-2.96€/MWh dod) but…
ICE Brent prompt contract reached 64.43 $/b as US stocks showed draws in crude and distillate inventories, while gasoline built by 5 mb. Japanese crude oil stocks jumped by 6 mb last week, to reach 70 mb. The continuously weak runs and supportive crude oil imports are pushing Japanese inventories higher. The weakening of the…
European gas prices weakened yesterday, both on the spot and the curve, pressured by the expected rise in temperatures above normal next week. The drop in parity prices with coal for power generation (thanks to lower EUA prices) provided additional downward pressure, particularly on curve prices. On the pipeline supply side, thanks to the rise…
It was a key test for the bond market and it passed with flying colours. Higher-than-expected (but not that much) inflation figures were followed by further rise in equities, lower bond yields and a significant drop in the USD, the EUR/USD exchange rate increasing above 1.1950, a one-month high. The fact that Johnson & Johnson…
