The easing in bond yields that began after the Fed meeting and especially the Bank of England’s decision to postpone monetary tightening continued on Friday after a very solid US employment report: job creation picked up and wages continued to accelerate (more details here). The markets focused on the fact that the participation rate did not rise,…
European gas prices were mixed on Friday, waiting to see how Russian flows will evolve this week. As a reminder, on 27 October, President Putin had told Gazprom to start pumping gas into European gas storages (in Germany and Austria) once Russia finishes filling its own stocks, which may happen by November 8. Moreover, Asia…
The European power spot prices soared near 200€/MWh for today, buoyed by forecasts of stronger demand and weaker wind output. The day-ahead prices averaged 200.41€/MWh in Germany, France, Belgium and the Netherlands, +23.23€/MWh from Friday and +106.43€/MWh from last week due to the stronger wind production then. Trading sideways over the last session of the…
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…
