A growing gas supply gap : a closer look at Europe and Asia gas balances over the 2000-2020 period The causes of the ongoing natural gas shortage across Europe have already been well commented. But putting aside short-term drivers (post-covid economic recovery, weather events leading to a higher storage usage or higher LNG imports, temporary…
Crude prices rallied yesterday, as OPEC+ members met to decide their forward production policy for November. Dec-21 ICE Brent contract reached 81.6 $/b on early Tuesday. Interestingly, Brent-Dubai EFS, denoting the competitivity of Dubai-denominated grades against Atlantic basin grades, rallied to 4.38 $/b, which has likely been a concern for OPEC nations, as their crude…
European gas prices increased again yesterday, as concerns on supply scarcity continued to fuel the strong uptrend. The announcement by the operator of the Nord Stream 2 pipeline that it had started filling one of the two legs with gas for tests only provided a moderate and temporary downward impact. The rise in Asia JKM…
The power spot prices slightly increased yesterday, supported by expectations of higher demand which offset the forecasts of improved French nuclear availability. The day-ahead prices averaged 159.74€/MWh in Germany, France, Belgium and the Netherlands, +7.49€/MWh day-on-day. The EUAs rebounded from Friday’s late retreat on Monday morning, buoyed by stronger energy prices and increased buying interest…
Equity markets continue to decline, particularly tech. stocks: the Nasdaq fell by more than 2% yesterday and is down more than 7% from its early September highs. Inflationary fears were boosted yesterday by the surge in oil prices, so that the US 10-year yield rose above 1.50%, before easing again as concerns about growth took…
