European gas prices were mixed on Friday, down overall on the spot (except in Italy) and the near curve, up on the far curve. The rise in Italy PSV day-ahead prices seems due to the fall in Russian flows, which averaged 241 mm cm/day in total, compared to 260 mm cm/day on Thursday. On their…
Brent first nearby prices opened Monday’s trading session in negative territory just above the $100/b mark, pressured by a rising number of Covid cases in the Shanghai area with no clarity on when restrictions will be lifted. The massive crude stock releases from strategic reserves announced since the beginning of the month continue to weigh on market sentiment as…
Results of the first round of the French presidential election led to the expected duel between President Macron and the far-right candidate Marine Le Pen. First run-off polls show that President Macron could win a second mandate on April 24 but with a much tighter margin compared to five years ago and this uncertainty could weigh on…
Threats of new economic sanctions against Russia over its action in Ukraine were offset by an increase in tech stocks on Monday on reports that Elon Musk bought a 9% share in Twitter. Bond yields shed some of their recent increment with Germany’s 10-y Bund down to 0.52% yesterday from a peak at 0.66% at…
Brent prices built some risk premium on Monday with the first nearby contract trading just below the $110/b mark this morning, mainly supported by prospect of tougher sanctions against Russia for alleged atrocities during its war in Ukraine. French President Macron notably called for a ban on Russian coal and oil imports yesterday morning. A further increase…
