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…
The decision was expected: the Fed raised its Fed funds rate by 25bp. It will also soon start draining liquidity from the market. It has significantly revised down its growth forecasts and even more revised up its inflation forecasts. The Fed members also validate the markets’ very aggressive rate forecasts, i.e. the equivalent of another 6…
The European power spot prices eased yesterday as the electricity consumption is expected to further fade today amid warmer temperatures while the wind, solar and hydro generation are all forecasted to rise. The day-ahead prices averaged 267.21€/MWh in Germany, France, Belgium and the Netherlands, -22.30€/MWh day-on-day. The carbon prices edged down on Tuesday, slightly weighed…
