The European power spot prices for today rebounded compared to Friday amid forecasts of lower temperatures and dropping wind output. Prices reached 50.35€/MWh on average in Germany, France, Belgium and the Netherlands, +13.97€/MWh from Friday but -11.25€/MWh from the previous Monday as the wind production should be stronger today. The French power consumption slightly eased…
ICE Brent prompt contract was trading at 69.7 $/b on Monday as most Texan refineries were restarted over the weekend. Furthermore, Chinese crude processing in January and February remained strong, at 14.13 mb/d, slightly above our forecasts as fuel consumption during the Lunar New Year break remained strong. Share this news : Share on twitter…
The US Treasury bond yield is now trading above 1.6%, while the ECB has managed to stop the increase in the euro area. In this context, the EUR/USD pair remains under downward pressure but not as much as we could have thought: it is trading around 1.1930 this morning. Chinese economic reports showed activity sharply…
European gas prices extended gains on Friday, as market participants continued to focus on the strong rise in heating demand due to the unexpected drop in temperatures. On the pipeline supply side, Norwegian flows increased on Friday, at 337 mm cm/day on average, compared to 329 mm cm/day on Thursday. Russian flows were also higher,…
The power spot prices were mixed in North Western Europe yesterday, strongly rebounding in Belgium and the Netherlands but falling slightly further in Germany and France. Prices reached 22.29€/MWh in Germany, 37.36€/MWh and 37.15€/MWh in France and Belgium, and a much higher 48.75€/MWh in the Netherlands. The milder temperatures continued to pressure the French power…
