The European power spot prices faded yesterday, pressure by expectations of warmer weather and improved French nuclear availability. Prices dropped by 6.08€/MWh to 51.15€/MWh on average in Germany, France, Belgium and the Netherlands. The French power consumption rose to 63.47GW on average yesterday, +1.42GW from Friday but 9.36GW below the previous week due to the…
European gas prices dropped sharply yesterday, pressured by milder weather forecasts and expectations of higher LNG supply as the Asia-Europe gas spread has narrowed significantly. The drop in coal and EUA prices provided additional downward pressure as it reduced parity prices with coal for power generation. In Asia, system baseload spot power prices on the…
Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources are also Diesel cracks in Europe and Asia remained supported despite the crude rally, with Singapore diesel 10ppm cracks reaching 6.4 $/b for the first time since December. Jet cracks…
We thought obvious signs of economic slowdown in China could somewhat challenge markets’ optimism yesterday but that did not happen. Progress in the vaccination campaign in the US as well as peaceful negotiations about the stimulus package between Republicans and Democrats were enough to push risky assets higher. The noticeable exception was the USD that…
The European power spot prices for today climbed back above the clean gas and coal costs, lifted by forecasts of a weak renewable production and lower temperatures (although increasing) temperatures. Prices hence reached 57.23€/MWh on average in Germany, France, Belgium and the Netherlands, +8.39€/MWh from Friday. The temperatures nearly 6°C above normal curbed the French…
