European gas prices increased again strongly yesterday, still supported by concerns on low Russian supply and weak stock levels. On the spot pipeline supply side, Norwegian flows came back to normal yesterday, averaging 349 mm cm/day, compared to 343 mm cm/day on Friday. Russian supply was almost stable, at 281 mm cm/day on average, compared…
The equity markets have gone back down, bond yields have eased a bit and the dollar has strengthened a bit. This is the result of a mixture of concern about the Omicron variant and, above all, of caution before the central bank meetings, the Fed’s in particular. Regarding Omicron, the British authorities are making catastrophic forecasts…
ICE Brent crude price climbed above 76 $/b on early Monday, as European diesel margins recovered partially, to reach 13 $/b at the prompt, despite steady diesel cargoes volumes from Russia (410 kt) and from East of Suez (610 kt) this week, which shows how expensive it is for European refiners to run their hydrocracker…
The European power spot prices for today rose compared to Friday, buoyed by forecasts of weak renewable production despite the warmer temperatures expected today. The day-ahead prices averaged 268.15€/MWh in Germany, France, Belgium and the Netherlands, +27.40€/MWh from Friday with French prices keeping a premium over the neighboring countries at 300.69€/MWh. After trading sideways in…
European gas prices increased strongly on Friday, supported by ongoing concerns on low Russian supply and weak gas stock levels. Asia JKM spot and month-ahead prices were rather stable (+0.30% on the spot, to €105.841/MWh; -0.08% for the January 2022 contract, to €106.232/MWh), but, as in Europe, the rise was stronger for Summer 2022 prices…
