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…
The European power spot prices rebounded yesterday, buoyed by forecasts of colder temperatures and dropping (although still strong) wind output. The day-ahead prices averaged 202.65€/MWh in Germany, France, Belgium and the Netherlands, +58.58€/MWh day-on-day with the German baseload price keeping a more than 100€/MWh discount to the other NWE countries due to the ongoing wind…
The European power spot prices continued to fade amid easing clean gas costs, surging wind output, and improving Belgian nuclear availability. The day-ahead prices averaged 144.06€/MWh in northwestern Europe, -33.21€/MWh with prices ranging from 74.15€/MWh in Germany to 219.54€/MWh in France. Meanwhile, the power forward prices posted limited as the energy market continued to digest…
