European gas prices weakened overall on Friday, pressured by forecasts of higher LNG supply in Europe in the coming days and profit taking. The drop in Asia JKM prices (-2.96%, to €107.606/MWh, on the spot; -10.04%, to €100.717/MWh, for the December 2021 contract) and in parity prices with coal for power generation (both coal and…
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 Naturgal Gas: Prices at sky high levels: which scenarios for this winter?#2 The gas trader’s view: Live conversation#3 Coal &…
Crude prices remained supported, with ICE Brent futures above 83 $/b for the Dec-21 delivery. The energy crisis in China is likely to prompt further imports from domestic refiners to rely increasingly on locally sourced energy consumption from refinery units through LPG burn, as Chinese coal futures are soaring markedly above last week’s prices due to flooded…
The European power spot prices continued to progressively rise yesterday, supported by forecasts of weaker wind output combined with stronger power demand for today. The day-ahead prices reached 192.68€/MWh on average in Germany, France, Belgium and the Netherlands, +9.58€/MWh day-on-day. The EUAs were seen overall flat yesterday with low exchanged volumes as the 50-day moving…
The US 10-year yield eased slightly below 1.6% despite surveys showing increasing inflationary pressures. We mentioned the Bank of France survey yesterday, the main findings of which can be found here. But the NFIB survey of small businesses in the US also found that hiring difficulties are at an all time high and companies are planning to raise wages and…
