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 for the…
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…
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…
