European gas prices dropped yesterday, both on the spot and the curve, pressured by the resumption of shipping flows through the Suez Canal after the Ever Given container vessel was successfully freed. On the pipeline supply side, due to an unplanned outage at the Kollsnes gas processing plant, Norwegian flows weakened further, falling to 312…
The Suez canal blockade was mostly resolved yesterday, and traffic is resuming albeit at a slower rate. Crude prices were still relatively shielded from this event. ICE Brent front-month contract was trading at 64.8 $/b on early Tuesday, mostly driven by the cautious Russian stance ahead of the OPEC meeting on Thursday. The weak sentiment…
The fallout of one family office forced to liquidate $20 billion continued to have effects on its financial counterparts such as Nomura or Credit Suisse. Asian equity prices saw a limited upside as gains were capped for the banking sector. China’s CSI300 index saw a 0.2% increase while the Nikkei was off 0.1%. In the US, the Dow…
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…
