The European power spot prices for today edged down compared to Friday as the slightly higher solar, nuclear and hydro generations expected in the upcoming hours offset the forecasts of wind shortage. The day-ahead prices hence averaged 155.18€/MWh in Germany, France, Belgium and the Netherlands, -3.98€/MWh from Friday but +13.46€/MWh week-on-week. The carbon prices overall…
As the Fed meeting approaches this week, markets seem to be growing increasingly concerned. There is no shortage of worries: the pandemic remains present and continues to disrupt global production and distribution chains, which is increasing inflationary pressures, as evidenced by the acceleration of producer prices to +12% yoy in August in Germany. In addition to the…
Crude prices corrected in the early morning, likely due to spillover effects of an Asian equity selloff, amid concerns over the Chinese housing market. Indeed, the dollar index, tracking a basket of currencies against the dollar, rose markedly on late Friday and remains elevated compared to previous months. For the crude markets, two factors are indicating that prices will…
European gas prices rebounded on Friday, supported by technical buying after the strong drop of the previous session as the uptrend (fueled by low stock levels and uncertainty on the commercial start date of Nord Stream 2) is not yet invalidated. Russian flows were stable on Friday, averaging 318 mm cm/day, above the levels of…
Crude prices remained firm yesterday, at 75.4 $/b for ICE Brent font-month contract, as gasoil cracks continued to sharply increase in Europe and Asia. The low sulfur gasoil cracks forward curve in Europe rose above 10 $/b during the last trading session, boosted by a recovery of European economic activity, as denoted in the mobility data,…
