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…
Confidence seems returning a bit on financial markets thanks to good economic indicators and hopes of acceleration in the vaccination campaigns. Bond yields edged up and stock markets are better oriented. The USD seems marking a pause after a strong rally. The EUR/USD pair fell below 1.18 and may continue to weaken, as long as…
Crude oil prices have registered up-and-down moves since the container ship blocked the Suez canal. Yesterday they were down, but are already rebounding. Brent 1st-nearby prices fell from around $64/b to $61/b and are now trading near $63/b. The general sentiment is better (see the Daily Eco) and supports this rebound, but there is also…
