The power spot prices in north western Europe slightly rose yesterday, lifted by the falling wind output and temperatures and the expectations of weaker French nuclear availability. Prices hence gained 1.46€/MWh to reach 47.63€/MWh on average in Germany, France; Belgium and the Netherlands. The lower temperatures strengthened the French power consumption on Thursday which rose…
Brent prompt future contract came back to 66.2 $/b as a significant selloff in the US bond market strengthened the dollar, pushing dollar-denominated commodities lower. Product cracks consolidated at elevated levels as refiners announced that their return to the market could be in early March. Chinese crude buying will likely ease in the coming month…
With unchanged fundamentals, European gas prices weakened yesterday, pressured by technical selling. The additional drop in Asia JKM prices and the drop in parity prices with coal for power generation (due to lower EUA prices) also provided downward pressure. On the pipeline supply side, Norwegian flows increased slightly yesterday, averaging 309 mm cm/day, compared to…
Losses on bond markets worsened sharply yesterday, especially in the US, where the 10y bond yield briefly jumped above 1.6%. The US stock market registered a big downward correction, tech stocks giving up more than 3.5%. The rise in interest rates constitutes a very serious threat for all risky assets whose valuation has sometimes reached…
The European power spot prices rebounded yesterday on forecast of weaker wind output and lower temperatures. Prices hence rose by 9.61€/MWh from the day prior to 46.17€/MWh on average in Germany, France, Belgium and the Netherlands, but remained below the clean gas and coal costs. The French power consumption eased by 1.04GW to 54.79GW on…
