European gas prices were mixed again yesterday, torn between the opposite effects of warmer weather and higher storage injection needs due to weak stock levels. The increase in Asia JKM prices and parity prices with coal for power generation (thanks to strong EUA prices) provided some support, particularly for curve prices, but profit taking contributed…
Crude prices continued to edge lower, at 65.2 $/b, for ICE Brent prompt contract, as reported inventories in the US showed small builds in crude inventories. Markedly lower implied demand created builds across products. The health situation in India continues to be closely followed and monitored by market participants, especially by looking at Indian buying…
Equity markets rebounded yesterday, but bond yields fell to a new five-week low, which tends to suggest this is a fragile reprieve, mainly bases on corporate earnings that were expected to be good anyway and lower bond yields precisely. But the situation has not suddenly changed on the pandemic front and remains very worrying. The…
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)…
