The European power spot for today rather sharply increased compared to Friday’s level amid forecasts of weaker wind and solar generation and lower French nuclear availability. The day-ahead prices average 152.25€/MWh in Germany, France, Belgium and the Netherlands, +37.50€/MWh from Friday. After Thursday’s retreat, the EUAs strongly rebounded on Friday with the Dec.21 benchmark gaining…
The stock markets are back down this morning despite a rebound in the US markets at the end of the week, notably based on hopes for a drug against Covid. The Merk laboratory claims that its anti-covid pill can halve the risk of hospitalisation for patients suffering from the virus. With Chinese markets closed until Thursday, speculation about the…
European gas prices weakened overall at the close on Friday. They started the session sharply higher, supported by the drop in Russian supply (to 263 mm cm/day on average, compared to 288 mm cm/day on Thursday, to the drop in Yamal flows to the Mallnow entry point). But, as these lower flows were expected (given…
ICE Brent Dec-21 contracts continued to be supported ahead of the OPEC+ meeting, as refined product markets signalled strong demand for middle distillates and fuel oil. Global prices across the complex are healthy levels for crude and refined products. Indeed, Refiners’ margins are boosted by diesel cracks being back to pre-pandemic levels in Europe and Asia. Falling…
The power spot prices rose yesterday in northwestern Europe, buoyed by forecasts of weaker wind output and stronger consumption, although improved French nuclear availability expected today might have limited the gains. Much more coupled than last week, the day-ahead prices averaged 156.00€/MWh in Germany, France, Belgium and the Netherlands, +14.06€/MWh da-on-day. The EUAs extended their…
