The European power spot prices were mixed yesterday, slightly rising in Germany and the Netherland on expectations of weaker wind output and French nuclear availability but edging down in France and Belgium amid fading power demand. The French power consumption slightly strengthened yesterday to 64.10GW on average (+0.34GW dod) due to the temporarily lower temperatures.…
Prices rebounded yesterday in most European gas markets as participants began to be more sensitive to supply issues. The combined effect of reduced US LNG feedgas due to historic freeze-off in some producing regions and lower pipeline supply is now raising concerns. Although Norwegian flows continued to recover, averaging 321 mm cm/day yesterday, compared to…
Brent prompt future contract came back to 63.2 $/b, led by a patchy restart of the Texan oil infrastructure. Damages to refineries appear to be greater than previously anticipated, casting doubt on the future US refining runs. Furthermore, futures prices came under renewed pressure from the potential revival of the Iranian nuclear deal, as the…
When US jobless claims figures showed an unexpected second increase in a row yesterday, we thought the stock and bond market would both love them, but that was not the case: US equities were down for the 3rd day in a row in 2021 and the US 10y bond yield stands above 1.3% this morning. Bond…
Expectations of weaker demand and slightly improved nuclear availability continue to weigh on the European power spot prices yesterday which eroded 2.60€/MWh to 47.13€/MWh on average in Germany, France, Belgium and the Netherlands. The French power consumption dropped further by 4.23GW to reach 63.76GW on average. The country’s nuclear generation faded by 0.39GW to 44.24GW…
