Most power spot prices continued to rise in north western Europe yesterday amid cold (although rising) temperatures and weakening wind production. The spot prices reached 59.45€/MWh on average in Germany, Belgium and the Netherlands, +5.14€/MWh day-on-day, and 71.51€/MWh in France, -3.75€/MWh from the day prior due to the higher nuclear availability expected today. EUAs slightly…
Despite dwindling US crude inventories, global crude prices fell on Wednesday and remained below 63 $/b for prompt ICE Brent contracts, as surprise builds in US gasoline stocks and worsening health situation in Europe, Canada and India limited the upside. With Russia producing at a higher rate in April and the US State department highlighting that the…
European gas prices weakened overall yesterday, pressured by the expected rise in temperatures from today. The drop in parity prices with coal for power generation (both EUA and coal prices were down) provided additional downward pressure. On the pipeline supply side, Norwegian flows were slightly down yesterday, averaging 344 mm cm/day, compared to 346 mm…
The release of the Fed minutes did not have any significant impact on markets, as the overall message remained strongly dovish, in line with consensus expectations. Equities and bonds remained rather stable as well as the USD, although the EUR/USD exchange rate briefly topped 1.19 yesterday. The sharp widening in the US trade deficit confirms…
The low temperatures continued to support the power spot prices in north western Europe yesterday which rose further up. Prices reached 59.55€/MWh on average in Germany, France, Belgium and the Netherlands, +13.42€/MWh day-on-day, with the French price climbing to 75.26€/MWh amid expectations of weaker nuclear availability today. The EUA prices surged to a new record…
