European gas prices were up overall yesterday as the weakness in Russian supply (stable yesterday at 104 mm cm/day on average, with Nord Stream 1 flows stabilizing at 68 mm cm/day) continued to dominate market sentiment. On their side, Norwegian flows increased slightly, averaging 329 mm cm/day on average, compared to 326 mm cm/day on…
Equity markets in Europe and Asia showed a brief respite for on Monday after a week of sharp losses on the back of growing recession concerns. The impact of the French legislative election results, leading to a period of political uncertainty in the second economy of the Euro zone, which could be considered as a…
On Monday, ICE Brent front month price went 0.9% up, closing at $114.13/b. Due to a public holiday in the US, there was no settlement on NYMEX WTI. After the high volatility seen last week, the market is back to an undecided state. Fears related to the economic outlook represents a bearish factor on oil price. But oil…
The European power spot prices for today reached a level close to Friday’s as the retracing gas prices, weaker demand and higher wind output expected in the upcoming hours were offset by forecasts of lower nuclear availability and solar production. The day-ahead prices hence averaged 269.29€/MWh in Germany, France, Belgium and the Netherlands, -2.82€/MWh from…
European gas prices dropped on Friday as the impact of the sharp drop in Nord Stream 1 flows started to fade. Moreover, as we explained in our Gas & Coal Weekly Report published on Friday, European gas prices could still escape a return to their March highs under certain conditions. Russian supply was slightly down on Friday,…
