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…
The NWE power spot prices observed mixed variations yesterday, the French prices strongly correcting downward from its peak amid forecasts of lower demand and improved nuclear availability while the German prices went back up and above the clean coal costs supported by the weaker wind production expected today. Prices in Belgium followed the French ones…
European gas prices were mixed yesterday. They dropped on the spot and the near curve, pressured by forecasts of higher temperatures and comfortable pipeline supply. Indeed, Russian flows were slightly down yesterday, averaging 258 mm cm/day, compared to 262 mm cm/day on Friday. Norwegian flows increased to 331 mm cm/day on average, compared to 328…
The power spot prices for today took opposite directions in north western Europe, falling by 84.80€/MWh from Friday to 75.33€/MWh in Germany on forecasts of a wind output surging close to 40GW, edging in Belgium and the Netherlands to respectively 225.80€/MWh and 212.84€/MWh and sky-rocketing to 551.43€/MWh in France on a combination of well-below normal…
