European gas prices were mixed yesterday on the spot and the near curve. Russian flows dropped significantly, averaging 225 mm cm/day, compared to 245 mm cm/day on Monday, a drop that seems due to lower offtakes by long-term buyers. This was partly offset by higher Norwegian flows, which increased to 334 mm cm/day on average,…
The NWE power spot prices slightly rebounded yesterday, buoyed by forecasts of lower renewable generation, while an improving nuclear availability kept the French prices steady from the previous day. The day-ahead prices averaged 233.52€/MWh in Germany, France, Belgium and the Netherlands, +23.36€/MWh day-on-day. The power forward prices posted limited gains on Tuesday with support from…
European gas prices weakened again yesterday, particularly on the spot and the near curve, still pressured by comfortable spot fundamentals overall despite slightly lower pipeline supply. Indeed, Russian flows were almost stable yesterday, averaging 260 mm cm/day, compared to 261 mm cm/day on Wednesday. Norwegian flows weakened to 320 mm cm/day on average, compared to…
Brent first nearby prices are hovering above the $100/b mark this morning after touching an intraday low at $98.41b yesterday. They remain pressured by the massive 240 Mb stock release from strategic reserves announced over the past few days and mounting concerns over China’s oil demand. Indeed, China’s oil consumption was assessed at 13.9 million…
We are currently facing an IT issue. Our team is working on it. We apologize for the inconvenience. Financial markets continued to digest the massive Fed’s balance sheet reduction expected from next month on Thursday, with the US 10-year bond rate increasing further to 2.66% this morning. Global equity markets are heading for weekly losses with…
