The power spot prices slightly rebounded in northwestern Europe yesterday, supported by forecasts of easing wind output. Prices however faded in France where the nuclear availability is expected to improve and the power demand to weaken. The day-ahead contracts averaged 176.23€/MWh in Germany, France, Belgium and the Netherlands, +6.39€/MWh day-on-day. The carbon prices started Wednesday…
European gas prices dropped significantly yesterday, still pressured by above-normal temperatures and more comfortable supply. Norwegian flows rebounded to 337 mm cm/day on average yesterday, compared to 328 mm cm/day on Wednesday. Russian flows were also higher, to 265 mm cm/day on average, compared to 262 mm cm/day on Wednesday. The drop in Asia JKM…
We spent the week noting the curious decline in bond yields while the US figures were frankly good. If they rebounded yesterday, it was not thanks to the first estimate of Q3 US GDP growth, which came in below consensus expectations (+2% annualized quarterly change), with inventories making a very large contribution to growth. Nevertheless, the…
Font-month prices in the crude and refined product market dropped sizably, with Dec-21 ICE Brent dropping from 85 $/b to 82 $/b before rebounding on early Thursday. The two drivers likely to explain the correction are diesel cracks continued weakening since Monday and falling US demand reported by the EIA. For diesel cracks, TTF front-month prices corrected to 76…
The power spot prices slightly rebounded in northwestern Europe yesterday, supported by forecasts of easing wind output. Prices however faded in France where the nuclear availability is expected to improve and the power demand to weaken. The day-ahead contracts averaged 176.23€/MWh in Germany, France, Belgium and the Netherlands, +6.39€/MWh day-on-day. The carbon prices started Wednesday…
