Crude prices rise as US inventories drop

ICE Brent prompt contract jumped to 66.7 $/b, returning close to 5% on a daily basis, on Thursday as US petroleum markets were getting increasingly tighter, as reported by the EIA.  Share this news : Share on twitter Share on linkedin Share on email You might also read : January 25, 2021 European spot and…

European prices stable on the spot, slightly up on the curve

European spot gas prices were rather stable yesterday, the impact of cold weather being offset by the rise in pipeline supply. Indeed, Yamal flows came back to normal, which pushed total Russian supply to 329 mm cm/day on average yesterday, compared to 308 mm cm/day on Tuesday. As for Norwegian flows, they increased slightly, averaging…

Key US economic reports on the agenda again today

US equities reached new highs before profit taking brought down the main indices in the red, except the Dow Jones. The Fed Beige book perfectly illustrated the doubts that financial market players may be facing at the moment: the recovery is here and getting stronger but the tensions on means of production could lead to…

Energy markets: towards a bullish summer?

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…

Late retreat of emissions prices after hitting a new record

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…

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