EnergyScan

European prices rebounded on higher JKM and coal prices

European gas spot and near curve prices rebounded overall on Friday, as the increase in pipeline supply was offset by the rise in Asia JKM prices (+2.45% on the spot, to €77.876/MWh, +2.79% for the November 2021 contract, to €80.090/MWh) and technical buying. Prices on the far curve increased even more strongly, supported by the…

Unwind week ahead of OPEC+ meeting?

Crude markets continued to be boosted by winter demand expectations, as the ICE Brent November contract reached 79 $/b. The commitment of traders report showed that money-managers increased their net long position by 20 thousand lots, in line with the rally in Dec21/Dec22 spreads, now valued at 7.4 $/b, while the prompt month time spread…

EUAs climbed to new record above 64€/t

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…

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