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%…
European gas prices were mixed yesterday. The drop in Asia JKM prices (-8.04% on the spot, to €59.151/MWh; -2.64% for the March 2022 contract, to €61.923/MWh), the rebound in Norwegian supply (reaching 332 mm cm/day yesterday, compared to 321 mm cm/day on Wednesday) and the mild weather outlook continued to exert downward pressure on spot…
The EIA data release continued to show a weekly deficit in US total stocks despite builds in commercial crude and gasoline inventories. Still, implied demand greatly outpaced expectations, at 21.9 mb/d, with an exceptionally strong diesel demand, buoyed by trucking and heating oil demand in the East coast area. US diesel prices (Nymex Heating oil) collapsed…
