Spot gas prices dropped in most European gas markets on Friday, still pressured by expectations of higher temperatures from today and stronger LNG supply to Europe in the coming days; only Italian prices were higher given the sharp drop in temperatures in the country. Prices on the curve were more resilient thanks to the rise…
Brent futures prices rallied, with prompt contract reaching 63.5 $/b on late Friday, as a cocktail of supply risk were hitting the oil market. First, tensions between Yemen’ Houthis and Saudi Arabia grew, with the Saudi coalition declaring it had intercepted a missile strike directed towards airport infrastructures. Secondly, Texas’ ultra-cold weather spooked market participants…
New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the 1st time since 1990. The reflation trade continues to rule financial markets with the US 10 years up above 1.2%, a 12-month high, a move amplified by the sharp rise in…
The European power spot prices dropped significantly yesterday amid forecasts of stronger wind output, weaker demand and lower gas prices. Prices eroded 18.33€/MWh from Wednesday to 60.81€/t on average in Germany, France, Belgium and the Netherlands. The plunging gas prices also pressured the clean gas costs which fell by 2.87€/MWh to 51.81€/MWh for power plants…
European gas prices dropped again yesterday, still pressured by expectations of higher temperatures and stronger LNG supply to Europe in the coming days. The drop in parity prices with coal for power generation (thanks to the drop in EUA prices) provided additional downward pressure, particularly for far curve prices. In Asia, JKM spot prices eased…
