ICE Brent futures contracts recovered to 63 $/b on early Tuesday, after Monday’s price crash, with ICE Brent prompt future losing 4.2%. The loss was likely caused by increasing downside risk on demand, as France implemented a third nationwide lockdown and India reached record levels of cases reported within one day, pointing towards further lockdowns…
European gas prices were generally up again last Thursday, supported by falling temperatures and lower Norwegian supply. Indeed, due to an unplanned outage at the Oseberg gas field, Norwegian flows dropped significantly on Thursday, averaging 314 mm cm/day, compared to 337 mm cm/day on Wednesday. Russian flows were slightly down, at 327 mm cm/day on…
If the European power spot prices for Monday plunged amid a demand weakened by the Easter holiday and the surging wind output, they sharply rebounded for today as the dropping temperatures should support the power load in the upcoming hours while the wind generation should slightly ease compared to yesterday, although expectations of higher French…
The US stock market reached new record-high levels yesterday after the ISM index in services did the same. Economic indicators released over the last few days have all beaten the most optimistic forecasts, pointing to a very strong rebound. In this context, the stabilization in bond yields is quite surprising: the US 10y bond yield…
The power spot prices continued to drop in north western Europe yesterday amid weakening power demand and sharply rising wind output. Prices reached fell by 10.66€/MWh to 41.25€/MWh on average in Germany, France, Belgium and the Netherlands. The EUA prices traded rangebound on Thursday with thin exchanged volume ahead of the Easter holiday weekend as…
