EnergyScan

SPECIAL WEBINAR: The storm is raging accros European energy market

EXCLUSIVE WEBINAR Star your free trial & Get access to an exclusive webinar The storm is raging across European energy markets – European gas systems remain tight but demand is falling amid surging prices– The impact of the historic drought on European electricity systems and the uncertain nuclear generation picture– The UK case https://youtu.be/qTX0YeENSjM Get…

LNG continues to maintain a price divergence

European gas prices were mixed on Friday: rather down on the markets benefiting from strong LNG supply like the UK NBP, rather up on the others. On the pipeline supply side, Russian flows remained stable on Friday, at 104 mm cm/day on average. Norwegian flows increased to 324 mm cm/day on average, compared to 320…

Less growth in the US, more inflation in Europe and still the Covid in China

Spectacular decline in bond yields: the US 10-year ended the week at 2.88%. It was at 3.47% in mid-June. The German Bund fell from 1.76% to 1.22% in 10 days. The markets are totally focused on the effects of monetary policy tightening and signs of economic slowdown. The dollar continues to be very strong: the EUR/USD exchange rate…

Profit taking drove EUAs back in middle of the trading range

The European power spot prices are mixed for today compared to Friday as the dropping nuclear availability and higher clean gas costs supported the French and Belgian prices while the contracts in the Netherlands and Germany faded on forecasts of strong solar generation. The day-ahead prices hence averaged 315.65€/MWh over the four countries, -1.71€/MWh from…

OPEC produced less crude in June

On Friday oil benchmarks ended the week on a gain: ICE Brent front month climbed by 2.4%, to settle at $111.64/b while NYMEX WTI traded 2.5% higher and closed at $108.43/b. This was a low-volume day, ahead of a 3-days weekend in the US. This bullish market came as traders were more concerned with supply…

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