European gas prices were mixed yesterday, torn between the impacts of mild weather and lower Asian prices on the one hand and higher coal prices on the other hand. In Asia, system baseload spot power prices on the Japan Electric Power Exchange for delivery today were almost stable, at €76/MWh, compared to €77/MWh for delivery…
Brent futures contracts dipped on Wednesday and early Thursday, with the prompt month contract at 55.4 $/b, as all risky assets tanked amid broader market concerns about the macroeconomic backdrop. Furthermore, the EIA reported a large crude inventory draw of 9.9 mb, but mostly due to volatile net imports. The Norwegian field Johan Svredrup is expected to…
Doubts about the US stimulus package and vaccine shortages are worsened by panic among short-sellers linked to the GameStop mania. The “fear index”, the VIX, surged higher to levels last seen in October precisely, just ahead of the US presidential election. As expected, the Fed reaffirmed its commitment to keep purchasing bonds at the current…
The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with a Q&A session at the end of each topic: • Macro: The global economy continues to struggle with the pandemic • Oil: Understanding the Saudi market rebalancing • Weather: Analysis…
The European power spot prices faded yesterday amid forecasts of milder temperatures and stronger renewable production. Prices eroded 4.38€/MWh to reach 57.24€/MWh on average in Germany, France, Belgium and the Netherlands. The French power consumption rose by 3.50GW to 76.33GW on average on Tuesday, strengthened by the below-average temperatures. The nuclear generation remained steady at…
