European gas prices dropped again yesterday, both on the spot and the curve. Prices continued to be pressured by the milder end of January-February weather outlook. In Asia, system baseload spot power prices on the Japan Electric Power Exchange for delivery today increased to €77/MWh, up from €68/MWh for delivery on Tuesday, but far below the…
Brent futures prices edged higher at 56.3 $/b for the front-month contract, as the API survey reported a sizable draw in crude oil inventories. At the same time, Chinese official statistics on daily coronavirus cases trended lower, at 75. Japanese refinery utilization rates rose back to 80% this week, underlying the heating demand in the…
No clear trend on financial markets: from one day to another, the European and US stock markets continue to go in opposite directions. Bond yields are almost stable, the USD as well. While the Biden’s administration promises to vaccine every US citizen by Summer, Europe is struggling to keep its vaccination campaign on track due…
The NW European power spot prices remained overall stable yesterday at 61.61€/MWh on average (+0.86€/MWh dod), torn between forecasts of higher wind output and expectations of weaker demand. If prices in Germany, Belgium and the Netherlands edged up by less than 1€/MWh, prices in France posted slightly higher gains (+2.42GW day-on-day) as temperatures are forecast…
European gas prices dropped yesterday, both on the spot and the curve. Prices were pressured by new weather forecasts pointing to milder temperatures, significantly above normal, for next week. Moreover, the tension in Asian markets continued to ease. Indeed, thanks to lower power consumption, system baseload spot power prices on the Japan Electric Power Exchange…
