European gas prices dropped last Thursday, pressured by mild weather, ongoing strong LNG supply and rebound in pipeline flows. The drop in coal prices (although offset by higher EUA prices) also sent a bearish signal. At the close on Thursday, NBP ICE May 2022 prices dropped by 35.840 p/th day-on-day (-16.82%), to 177.250 p/th. TTF…
Ukrainian President Zelensky declared that the widely awaited Russian offensive in the Donbass region started yesterday after most Russian troops and artillery moved from the west of Ukraine late March. This could continue to weigh on the global economic outlook and support a strengthening of EU sanctions against Russia, with a ban on Russian oil products on…
The European power spot prices eased yesterday amid forecasts of lower demand, improved French nuclear availability and slightly stronger hydro and wind productions. The day-ahead prices averaged 200.40€/MWh in Germany, France, Belgium and the Netherlands, -27.27€/MWh day-on-day. The carbon prices rose throughout Thursday, recouping this week’s losses amid falling energy prices although most participants saw…
Crude oil prices jumped late in the afternoon on Thursday, pushed by reports from the New York Times that the EU is drafting a ban on Russian oil products. The measure should not be assessed into details before the second round of the French presidential election planned on April 24 for which President Macron still…
European gas prices dropped yesterday, pressured by mild weather, ongoing strong LNG supply and rebound in pipeline flows. Indeed, Russian supply rebounded yesterday, averaging 231 mm cm/day, compared to 217 mm cm/day on Wednesday. Norwegian flows also rebounded to 339 mm cm/day on average, compared to 325 mm cm/day on Wednesday. The drop in coal…
