Spot and near curve prices were down on Friday in most European gas markets as interests switched to the March contract, a period during which the European supply/demand balance is expected to be much more comfortable thanks to lower seasonal demand and the (expected) increase in LNG supply. The drop in EUA prices provided additional…
Brent prompt month futures remained range-bound on early Monday, as newly implemented European travel restrictions were anticipated to reduce gasoline and jet demand in February. Furthermore, lower speculative demand on WTI contract is likely to have eased upward flat price pressure, as shown by the latest CTFC report. Finally, Saudi official selling prices are expected to…
After a tough day and even a tough week that saw the main equity markets losing between 3 and 4%, Asian markets posted strong rebounds overnight, but this looks fragile, as the release of the Chinese January PMIs yesterday pointed to clear economic slowdown linked to restrictive measures put in place in order to address…
The warming temperatures and soaring wind output continued to pressure the European power spot prices yesterday which fell to 48.84€/MWh on average in Germany, France, Belgium and the Netherlands, -5.90€/MWh dod. The temperatures rose to nearly 6°C above normal in France yesterday, hence dampening the country’s power consumption by 7.12GW to 65.78GW. The nuclear generation…
Prices rebounded yesterday in most European gas markets, supported by new weather forecasts pointing to below-average temperatures in February. To the exception of Spain PVB and Italy PSV prices, European prices ignored the additional easing of Asian prices. Indeed, system baseload spot power prices on the Japan Electric Power Exchange for delivery today dropped to €64/MWh,…
