The downturn in prices based mainly on the idea that the conflict in Ukraine could quickly end seemed to be exaggerated. This was confirmed yesterday, as soon as serious doubts reappeared about the validity of this scenario. In addition, statements from Chinese leaders suggested that restrictive measures to stop the pandemic could be eased to…
The equity market rally has continued in the US, but has already started to stall in Europe. The first reason is that the rebound was very strong (over 10% for the Eurostoxx 50, 6% for the S&P 500). The second reason is that optimism about the peace talks in Ukraine has diminished significantly after Russian diplomacy simply…
European gas prices weakened yesterday, not very sensitive to the drop in Russian flows (down to 229 mm cm/day on average, compared to 252 mm cm/day on Tuesday, probably because of lower offtakes by long term buyers) and in Norwegian flows (down to 319 mm cm/day on average, compared to 333 mm cm/day on Tuesday).…
The easing power demand, rising wind production and decreasing gas prices continued to pressure the power spot prices yesterday which averaged 240.80€/MWh in Germany, France, Belgium and the Netherlands, -26.41€/MWh day-on-day and -85.59€/MWh from last week. The EUAs edged up by nearly 1% on Wednesday, supported by positive sentiment from the ongoing talks between Russian…
The fall seems to have stopped: the price of Brent had lost around $30/b in a week and even more if we consider the peak of $139/b reached briefly. For the past two days, it has been hovering around $100/b and is even showing signs of a rebound. It is true that hopes for peace in Ukraine…
