The European power spot prices dropped below the clean gas costs yesterday amid forecasts of stronger wind and hydro production and milder temperatures. Prices reached 45.05€/MWh on average ub Germany, France, Belgium and the Netherlands, -4.04€/MWh day-on-day. The French power consumption eased to 57.78GW on average on Monday, -4.36GW from Friday and -14.93GW week-on-week due…
European gas prices weakened again yesterday, still more sensitive to warmer weather and negative clean spark spreads on the spot and the month-ahead than to the drop in pipeline supply. Due to a series of unplanned outages, Norwegian flows have reversed their recent uptrend, averaging 318 mm cm/day yesterday, compared to 324 mm cm/day on…
Brent prompt future contract rallied to 66.2 $/b, as product buyers aggressively bid gasoline resources in the US to secure to supply in those highly uncertain conditions, lifting the potential for crude prices to rally. The market consensus anticipates steep draws in US petroleum markets. Share this news : Share on twitter Share on linkedin Share on email…
The Nasdaq lost 2.5% yesterday for a cumulated loss of 4% since the start of last week. Inflation worries and the rise in bond yields are the main culprit, even if they are mainly linked to recovery prospects so far, as shown by the sharp rebound in the copper to gold ratio. The UK Prime…
The expectations of weaker nuclear availability and wind output supported the European power spot prices for today which rose to 49.08€/MWh on average in Germany, France, Belgium and the Netherlands, +1.45€/MWh from Friday’s prices. The French power consumption further eased by 1.96GW to 62.14GW on average over the last working day of the week. The…
