The European power spot prices retreated yesterday as forecasts of rapidly surging wind output pressured the market. The day-ahead prices averaged 239.81€/MWh in Germany, France, Belgium and the Netherlands, -50.32€/MWh day-on-day. The carbon prices soared by 4% on Tuesday, buoyed by the firmer gas prices and a rebound of equities with additional support from the…
The price of Brent crude oil has risen by $2/b from yesterday morning and is now trading at $88.5/b, despite the further decline in US equity markets. The prompt time spread (m1-m2) is clearly widening and has even risen above $1/b, a sign of great tension in the market in the short term in addition to fears…
European gas prices increased slightly yesterday as the bullish impact of concerns on Russia-Ukraine tensions was partly offset by moderate demand, ongoing strong LNG sendouts and slight increase in spot pipeline flows. Indeed, Norwegian flows increased slightly yesterday, averaging 348 mm cm/day, compared to 346 mm cm/day on Monday. Russian supply was also slightly up,…
Another stock market session marked by very high volatility yesterday. US stocks repeated Monday’s pattern (plunge then rebound), but ended up falling back. The Nasdaq gave up another 2.3% and is down 15.6% from its peak. The S&P500 is down 8.6% since the beginning of the year. Long term rates remain stable but the US…
The power spot prices rebounded yesterday in Germany, Belgium and the Netherlands amid forecasts of easing renewable generation, but slightly fade din France on expectations of higher nuclear availability. The day-ahead prices averaged 184.01€/MWh in the four countries, +12.87€/t day-on-day. The carbon prices reversed from a slightly bearish opening and rose by more than 4%…
