After having rallied on Friday, crude prices are retracing gains on early Monday, as ICE Brent prompt price hovers around 63.5 $/b. The Suez canal crisis continues to shape the short term dynamics of the crude oil and oil product markets as it remains still unresolved but seems to progress. The crude oil market is…
The north western European power spot prices for today are down compared to Friday, pressured by forecasts of strong wind output and above average temperatures. Prices reached 41.00€/MWh on average in Germany, France, Belgium and the Netherlands, -10.04€/MWh from Friday and -19.54€/MWh week-on-week. The EUA prices sharply rebounded and eroded all Thursday’s retracement over the…
European gas prices were up on Friday, both on the spot and the curve, supported by lower pipeline supply and growing concerns about LNG supply. Indeed, due to unplanned works at the Troll and Asgard fields, Norwegian flows dropped on Friday to 329 mm cm/day on average, compared to 337 mm cm/day on Thursday. Russian…
Mixed sentiment on financial markets to start this week. US equities ended last week at record-high levels but volatility was high after a big family office was forced by its creditors to sell $20bn of shares. The situation remains uncertain in Europe, where a strong acceleration in vaccination campaigns is expected from April. Joe Biden…
The forecasts of surging wind output, stronger hydro generation and weaker demand weighed on the power spot prices in north western Europe on Thursday. Prices dropped by 6.98€/MWh to 580.1€/MWh on average in Germany, France, Belgium and the Netherlands. EUAs faded throughout Thursday amid pressure from the falling oil prices, a drop mid-day of European…
