Crude prices continued to rally, at 85.7 $/b at the prompt for ICE Brent Dec-21 contract, as Asian nations multiplied calls to oil producers to boost production, as gasoline pump prices soared in the East. Indeed, The Japanese prime minister urged oil producers globally to ramp up production over the weekend, as gasoline prices in…
Despite a strong retreat of clean gas costs, the European power spot prices rose towards 200€/MWh for today, buoyed by forecasts of rather weak wind production and decent power demand. The day-ahead prices hence averaged 193.57€/MWh in Germany, France, Belgium and the Netherlands, +10.98€/MWh from Friday. After a very short-lived bullish opening, the carbon prices…
China’s GDP growth fell to +4.9% yoy in Q3, but more importantly, GDP grew by only 0.2% qoq compared to the 2%+ variations in the summers prior to the 2020 crisis. Anti-Covid measures weighed on growth in August and power cuts took over to depress industrial activity in September. This can be seen from the monthly…
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 &…
