EnergyScan

Prices maintain their bullish trend

European gas prices were up overall yesterday, still supported by uncertainties on Russian supply and LNG flows (following the shutdown of the US Freeport LNG terminal and the disruption of loadings at the Shell’s Prelude FLNG terminal in Australia). The rise in coal prices  (+1.88% for API2 1st nearby prices, +1.50% for Cal 2023 prices)…

Equity markets down 20-30% in H1

For the first time since the beginning of the year, US consumer spending contracted in real terms (deflated for inflation) in May, amplifying recession fears and the downward correction in equity markets. Overall, the S&P 500 fell by 20.8% in the first half of the year, the Nasdaq by 30% and in Europe, the Euro Stoxx 50 by 19.8%.…

EU power prices move further north

Bulls kept control of European power curve prices on Thursday with concerns over poor nuclear availability pushing France Q4-22 base and peak prices to new record highs at €790/MWh and €1522.45/MWh respectively at the close on the EEX exchange yesterday. Cal-23 prices hit new highs across Europe as well on the back of another surge in gas prices following…

To infinity and beyond !

Buoyed by the soaring gas and carbon prices, the European power spot prices rebounded yesterday with additional support from forecasts of slightly lower wind output. The day-ahead prices hence averaged 339.51€/MWh in Germany, France, Belgium and the Netherlands, +30.60€/MWh day-on-day. The power curve prices posted hefty gains once again on Wednesday, driven up by the…

TTF CAL 2023 prices above the €100/MWh mark

Bulls kept control of European gas prices on Wednesday with concerns over a slowdown in storage injections in June (see below chart) due to the drop in Russian gas flows through the Nordstream 1 pipeline and the shutdown of the Freeport LNG terminal providing strong support. Europe gas stock fullness rate sits at 57.8% as of June…

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