The European power spot prices were mixed yesterday, lifted in Germany and France by the higher fuel and carbon prices but down in Belgium and the Netherlands on forecasts of stronger solar generation. The day-ahead prices hence averaged 314.14€/MWh over the four countries, +9.02€/MWh day-on-day. The power curve prices continued to rise alongside the gas…
Yesterday, oil continued to climb back, NYMEX WTI contract for August delivery (now the front month), that did not trade on Monday, gained +1.4% to settle at $109.52/b. And ICE Brent front month moved 0.5% up to end the session at $114.65/b. Last week price drop, caused by the decision made by major central banks…
European gas prices continued to increase yesterday, still supported by concerns on supply. Russian flows stabilized at their weak levels yesterday, averaging 104 mm cm/day. Norwegian flows were significantly lower, averaging 308 mm cm/day, compared to 329 mm cm/day on Monday, and are even lower this morning (287 mm cm/day) due to a compressor failure…
US equity markets bounced back on Tuesday, reversing some of the sharp losses recorded last week on the back of an historical 75 bp interest rate increase from the Fed to fight the highest inflation rate in four decades. But Asian equity markets did not follow the rebound overnight as recession fears continue to cloud…
The European power spot prices continued to climb yesterday, buoyed by a rebound of clean fuel costs and forecasts of stronger demand, weaker nuclear availability and dropping wind production, although the higher solar and hydro generation expected today might have dampened slightly the bullish pressure. The day-ahead prices hence averaged 305.12€/MWh in Germany, France, Belgium…
