[UPDATE : 18/03/2021] EUAs are the best performing energy commodity in Europe since the start-up of the COVID19 outbreak. They even reached an absolute record high at €43/t in March 2021, 15 years after the creation of the EU ETS. One clear consequence of this impressive increase over the past few years is the plunge in…
The European power spot prices for today rose compared to Friday amid expectations of lower temperatures, dropping nuclear availability and weaker wind output. Prices reached 49.58€/MWh on average in Germany, France, Belgium and the Netherlands, +1.95€/MWh from Friday. The French power consumption reached 56.56GW on average over the last working day of last week, +1.09GW…
Brent prompt future contract partially recovered from Friday’s sell-off, at 65.6 $/b, as the Iranian nuclear deal seemed in jeopardy after the Iranian refusal to join the talks organized by the Europeans. Furthermore, High US products cracks are incentivizing US refineries to ramp-up their secondary units swiftly. Lower US naphtha supply also had effects on Asian naphtha…
With unchanged fundamentals, European gas prices were mixed on Friday. On the pipeline supply side, Norwegian flows were up on Friday, averaging 318 mm cm/day, compared to 309 mm cm/day on Thursday, but still below the 324 mm cm/day of the previous week. Russian flows increased more slightly, at 281 mm cm/day on average, compared…
Bond yields have declined significantly on Friday, erasing almost completely Thursday’s rise. This does not mean tensions are over: in the US, the House of Representatives voted the $1.9bn stimulus package that will now be debated at the Senate. A sharp rise in inflation is also coming that will probably fuel further tensions on the…
