European gas prices increased yesterday, more sensitive to falling temperatures (which are now expected to briefly drop below normal during the weekend) to the rise in pipeline supply and the additional drop in Asia JKM prices. Indeed, Norwegian flows were up again yesterday, averaging 325 mm cm/day, compared to 318 mm cm/day on Friday. After…
Brent prompt future contract corrected lower, at 63 $/b, as demand-side worries emerged. The US dollar continued strengthening also lowered crude prices. Finally, the anticipation of an OPEC supply hike appears increasingly certain, potentially pushing crude oil in a market with limited refining demand thanks to the slow recovery of Texan refineries and slowing demand in…
Equity markets rebounded yesterday despite the parallel rise in bond yields, as the manufacturing PMIs and ISM all pointed to robust global activity. But the market sentiment turned down overnight after the top Chinese banking regulator expressed deep concerns about bubbles on overseas financial market and said the domestic property market was driven by “very…
[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…
