Scarcity in the U.K. and forecasts of dropping wind output strongly lifted most of the NW European power spot prices, with the German prices gaining up to 28.11€/MWh from the day prior to 70.58€/MWh. The lower power demand expected today in France today however weighed on the country’s prices which eroded 0.52€/MWh to 73.33€/MWh. The…
Prices dropped sharply yesterday in most European gas markets; only Spain PVB prices posted an increase. Prices were pressured by warmer weather conditions both in Europe and in Asia. Profit taking by financial players provided additional downward pressure. In Asia, JKM spot prices were almost stable yesterday: +0.43% day-on-day, at €91.215/MWh. This echoed the stability…
Brent prompt future prices retreated by 1$ at 56 $/b as most European countries doubled-down on restriction measures due to the expansion of the new strain of coronavirus. However, improved market conditions in the US, with an inventory draw in US commercial stocks and higher refining runs, are helping prices to potentially solidify at current…
Bond yields that had declined have started rebounding on rumors the stimulus package may amount to $2tn. Answer later today. Whatever the size of the plan, the Senate will have to take time to vote it, as in parallel, it will have to deal with the trial of Mr. Trump, who has been impeached by…
If forecasts of surging wind pressured the German power spot prices yesterday, day-ahead prices elsewhere in NWEurope posted hefty gains amid a significant rise of gas prices and scarcity in the U.K., despite the higher temperatures weighing on the demand. Prices rose by 10.32€/MWh in France to 73.85€/MWh while in the U.K. the prices climbed…
