The European power spot prices for today observed mixed variations from Friday to reach close levels near 140€/MWh. Averaging 141.94€/MWh in the four countries, the day-ahead contracts rose by 34.24€/MWh in Germany compared to Friday, edged down by 1.37€/MWh in France and dropped by 17.03€/MWh and 15.70€/MWh in Belgium and the Netherlands. After a week…
European gas prices extended gains yesterday, after Gazprom booked less than half of the monthly transportation capacity offered at the Mallnow entry point from October: 28 mm cm/day booked out of the 85 mm cm/day that was offered. Although Gazprom can still book additional transport capacity through daily auctions, the price reaction was immediate: prices…
ICE Brent crude prices edged higher today, expanding by 1.2%, after a volatile downward move yesterday, likely due to the continued selling pressure in global equity markets due to the fallout of the Chinese promoter Evergrande and a rally of the dollar. Yet, with Shell’s announcement that one section of their platform in the Gulf of Mexico…
The European power spot prices slightly faded yesterday, weighted by forecasts of stronger wind and solar generation despite the clean gas costs surging by nearly 20€/MWh. The day ahead prices hence averaged 149.58€/MWh, -5.60€/MWh day-on-day but still 3.68€/MWh above last week. The EUA prices started Monday on a bearish tone, driven down by macroeconomic concerns…
Equity markets suffered significant losses yesterday as they were caught up in the turmoil of the collapse of China’s Evergrande property developer. US indices did recover in the latter part of the session, a trend that was confirmed in Asia overnight, except in Japan where markets were closed yesterday. The consensus seems to be that the…
