European spot gas prices were mixed yesterday, torn between the opposite effects of downward revision of temperatures and more comfortable pipeline supply. Indeed, Norwegian flows were significantly up yesterday, to 332 mm cm/day on average, compared to 306 mm cm/day on Monday. Russian flows were slightly up, averaging 329 mm cm/day, compared to 326 mm cm/day…
Crude oil prices plunged yesterday on raising concerns about global demand fuelled by bad news about the pandemic (see the Daily Eco). API data also pointed to a new rise in US crude stocks last week. The Brent 1st-nearby prices fell to almost $60/b and WTI prices to $57.25, their lowest levels since the first…
The European power spot prices faded yesterday amid forecasts of milder temperatures and stronger renewable production. Prices reached 57.08€/MWh in Germany, France, Belgium and the Netherlands, -4.02€/MWh day-on-day. Weakened by the warmer weather, the French power consumption eased further by 1.73GW to 61.46GW on average. The country’s nuclear generation however slightly improved to reach 44.29GW,…
Bad news in Continental Europe has triggered a broad reassessment of the global Covid situation and it is not good with both new cases and deaths on the rise (see the Graph of the Day). Successful vaccination campaigns in the US, the UK and Israel cannot hide the fact that a new wave is spreading…
The power spot prices in north western Europe were mixed yesterday, slightly up in Germany and France but a bit lower in Belgium and the Netherlands. Prices reached 61.11€/MWh on average in the four countries, +0.57€/MWh day-on-day. The French power consumption slightly eased compared to Friday due to the milder temperatures and reached 63.20GW (-1.10GW).…
