Forecasts of soaring wind output strongly pressured the European power spot prices for today which dropped by 24.40€/MWh from Friday in Germany, France, Belgium and the Netherlands to 55.13€/MWh on average. The below-normal temperatures continued to support the French power consumption on Friday which reached 79.03GW on average, +0.01GW day-on-day. The country’s nuclear generation remained…
European gas prices extended gains on Friday, both on the spot and the curve, still supported by freezing temperatures in Europe and in Asia and tight LNG supply. In Asia, spot JKM prices rose to €59.966/MWh on Friday, +4.14% day-on-day, strongly helped by exceptional spot baseload power prices: €1184/MWh on Friday on the Japan Electric…
Brent prompt contract reached 56 $/b on Friday close for Brent prompt contract thanks to the aggressive Saudi production cut announced last Tuesday. Prices retreated to 55.2 $/b on early Monday as mounting coronavirus cases in China led to lockdowns in regions near Beijing, casting doubt on the future Chinese demand growth if reported cases…
After their best week since November, equity markets should start this one with much more caution, as it was already the case in Asia. The rise in US bond yields carries both expectations of stronger real growth boosted by substantial budgetary stimulus in the first days of the Biden presidency and signs that inflation is…
The NW European power spot prices continued to rise amid dropping temperatures and weak renewable production. Prices reached 79.53€/MWh on average in France, Germany, Belgium and the Netherlands, +8.51€/MWh from the day prior and way above the clean gas and coal costs respectively at 52.78€/MWh and 52.11€/MWh. The French power consumption further strengthened on Thursday…
