The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with a Q&A session at the end of each topic: #1 The macro economic drivers behind today’s situation#2 The historical gas supply shortage and its impact on global energy prices#3 The…
European gas prices were mixed yesterday. They received (moderate) support from lower pipeline supply. Indeed, Russian supply dropped to 210 mm cm/day on average yesterday, compared to 257 mm cm/day last Friday, as flows into Germany (through Poland) at the Mallnow interconnection point stopped from Sunday and have been switched to reverse. However, Poland’s gas…
The European power spot prices soared above 200€/MWh for today, lifted by forecasts of stronger power demand following yesterday’s public holiday and a drop in wind output. The day-ahead prices averaged 204.04€/MWh in Germany, France, Belgium and the Netherlands, +110.06€/MWh day-on-day and +4.74€/MWh week-on-week. The EUAs observed another volatile session on Monday, mirroring the sharp…
Whether its market prices or threats from oil-consuming countries, OPEC+ is warmly invited to increase production by more than the 0.4 mb/d monthly hike planned for December. Indeed, front-month time spreads in Brent, WTI and Dubai markets all rallied substantially last week, with Dec21/Jan22 WTI at 150 cents, while Jan/Feb 22 Brent hovered around 130 cents. The Dubai benchmark…
Equity markets started November higher, following an October in which they more than erased September’s losses. Good corporate results in Q3 seemed to show that rising costs were not weighing on margins, but this is only possible if selling prices rise, which supports inflation fears. The ECB meeting last week showed that central banks are…
