European gas prices rebounded slightly yesterday, still torn between improving stock levels and some concerns on future supply. They received support from the strong drop in Norwegian flows, down to 303 mm cm/day on average, compared to 325 mm cm/day on Monday, following an unplanned outage at the giant Troll field. By contrast, Russian flows…
Except in France where prices inched down on expectations of weaker demand, the European power spot prices slightly rose yesterday, buoyed by forecasts of dropping wind output and lower nuclear availability. The day-ahead prices averaged 235.24€/MWh in Germany, France, Belgium and the Netherlands, +13.98€/MWh day-on-day. The carbon prices traded sideways in a narrow range yesterday…
Ahead of meetings of Nato countries and a new EU summit, the US continues to press the EU for further sanctions against Russia, particularly in the energy field. By a disturbing coincidence, the Caspian Pipeline Consortium (whose main shareholder is Russian) has announced that necessary repairs to the pipeline that transports mainly oil from Kazakhstan to the…
Except in Germany where prices inched up on forecasts of weaker wind output, the power spot prices faded in northwestern Europe yesterday amid expectations of slightly lower power demand. The day-ahead contracts averaged 229.73€/MWh, -11.08€/MWh day-on-day. The EUAs finally climbed above their 100-day moving average resistance yesterday in a moderately bullish session attributed to another…
European gas prices rebounded slightly yesterday, supported by the additional drop in pipeline supply. Indeed, Russian flows weakened again yesterday, to 211 mm cm/day on average, compared to 229 mm cm/day on Wednesday. Norwegian flows dropped to 315 mm cm/day on average, compared to 319 mm cm/day on Wednesday. But as these declines are not…
