European gas prices increased significantly yesterday, both on the spot and the curve, still supported by freezing temperatures in Europe and in Asia. An all-time record was posted on the Spanish PVB spot market, €52/MWh, a price not far from Asia spot JKM prices (€57.583/MWh yesterday, +4.14% day-on-day). Despite such huge Asian gas prices, gas-fired…
Brent prompt futures remained at 54.7 $/b on early Thursday. Mobility across Europe and the US is reportedly lower in early January as most countries are ramping-up healthcare measures to contain the pandemic. Asian available refining capacity dropped by about 370 kb/d for the latter part of January as incidents and planned maintenance capped Japanese…
Donald Trump conceded his defeat for the first time, as he tries avoiding to be expelled from the White House before January 20th. But the market does not care, focused on prospects of more economic stimulus with a US Congress controlled by the Democratic party. Equities posted strong gains yesterday and the US 10y is…
Prices weakened again yesterday in most European gas markets, both on the spot and the curve. Spot fundamentals were almost unchanged with significantly below-normal temperatures continuing to maintain residential demand at strong levels, while Russian and Norwegian flows were stable, respectively at 332 mm cm/day and 334 mm cm/day on average. In this context, the…
The power spot prices surged by 14.48€/MWh on average in Germany, France and the Netherlands, lifted by a combination of weak renewable production and a demand strengthened by below-normal temperatures. On the other hand, prices in Belgium dropped by 14.22€/MWh from the day prior. The French power consumption edged up to 78.19GW on average yesterday,…
