Buoyed by forecasts of a wind shortage the European power spot prices for today significantly rose compared to last week, although the weaker demand and improved French nuclear availability expected in the upcoming hours might have limited gains. The day-ahead prices averaged 260.77€/MWh in Germany, France, Belgium and the Netherlands, +67.64€/MWh from Friday and +174.27€/MWh…
Crude prices soared past 82 $/b yesterday for the March ICE Brent contract, with March/April time spreads rallying strongly to 70 cents, as the political crisis in Kazakhstan sparked concerns among crude buyers in the Mediterranean area. Indeed, Chevron reported a reduction of output – likely to be less than 30% – in the Tenzig field as…
The European power spot prices eased yesterday, weighed by forecasts of milder temperatures and stronger wind output. The day-ahead prices averaged 193.13€/MWh in Germany, France, Belgium and the Netherlands, +21.55€/MWh day-on-day. Prices should observed a strong volatility next week, with the wind output expected to sharply drop on Monday before quickly surging back over the…
European gas prices maintained their bullish momentum yesterday. Norwegian supply rebounded to 341 mm cm/day on average (compared to 331 mm cm/day on Wednesday) after the unplanned outage at the Oseberg field was fixed, but ongoing low Russian flows (stabilizing at 185 mm cm/day on average) and colder weather remained a concern. Asia JKM prices…
European equity markets fell yesterday after the shock of the Fed minutes, but they have almost stabilised in the US and the trend has reversed in Asia before the publication of the US job report today. Status quo on rates (US 10yr at 1.72%) and currencies (EUR/USD at 1.13). Can this report re-launch the correction by highlighting…
