European gas prices were mixed yesterday. Russian flows increased slightly, averaging 218 mm cm/day, compared to 213 mm cm/day on Tuesday. By contrast, Norwegian flows dropped to 312 mm cm/day on average, compared to 325 mm cm/day on Tuesday, due to planned maintenance. While uncertainty on the payment of Russian gas in rubles continued to…
Oil prices fell yesterday: ICE Brent for July delivery closed at $111.93/b, making a -2% loss, while NYMEX WTI first nearby prices settled at $112.40/b, down -1.6%. For the first time since May 2020, NYMEX WTI prices traded higher than ICE Brent prices. The market moved down at the end of the session when Fed Chairman…
The European power spot prices slightly faded yesterday, pressured by forecasts of stronger wind and solar generation but still supported by the high demand induced by the current warm spell. The day-ahead prices averaged 207.14€/MWh in Germany, France, Belgium and the Netherlands, -16.97€/MWh day-on-day. On the curve, most power contracts firmed amid higher gas prices…
European gas prices were up yesterday, supported by the uncertainty on the payment of Russian gas in rubles. After Brussels released on Monday updated guidance on how companies can legally keep buying Russian gas, a European Commission spokesman said yesterday opening accounts in rubles at a Russian bank to pay for gas would breach the…
Almost all the activity indicators published yesterday surprised on the upside, which supported risky assets and caused a sharp decline in the US dollar, in the wake, let us recall, of good news from China. But they also reinforced expectations of monetary tightening and led to a rise in bond yields (the US 10 year…
