Prices were down again yesterday in most European gas markets as new forecasts confirmed a warmer weather outlook for the rest of this week and next week. The slight increase in parity prices with coal for power generation (thanks to the rise in EUA prices, which offset the drop in coal prices) helped limit losses…
Brent prompt future price consolidated at 61 $/b, amid an increasingly bullish US crude market, pushing US grades higher compared to North Sea values. However, US gasoline stocks builds were larger than expected, with US mobility likely impacted by cold weather. Russian crude oil output could be lower in February, as the first 10 days…
No big moves on financial market. January US inflation figures came out a bit below expectations, which reinforced the wait-and-see attitude and perplexity in a context of raising inflation fears. The main market mover will be jobless claims data today. The EUR/USD was stable yesterday around 1.2130. Share this news : Share on twitter Share…
The power spot prices climbed above 70€/MWh in Northwestern Europe yesterday, buoyed by the forecasts of below average temperatures and weak wind production. Prices reached 72.27€/MWh on average in France, Germany, Belgium and the Netherlands, +7.95€/MWh day-on-day. The French power consumption strengthened by 3.71GW to 74.74GW on average on Tuesday, while the country’s nuclear production…
European gas prices were down yesterday, pressured by expectations of higher temperatures next week and more LNG supply in the near future. The slight drop in parity prices with coal for power generation (thanks to the drop in EUA prices, which offset the rise in coal prices) provided additional bearish pressure, particularly for far curve…
