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…
European gas prices weakened on Friday as the bullish impact of Moscow’s decision to demand payment for its gas in rubles faded. On the pipeline supply side, Russian flows were slightly down on Friday, averaging 262 mm cm/day, compared to 269 mm cm/day on Thursday. Norwegian flows increased to 328 mm cm/day on average, compared…
There has been very little change in oil prices since their sharp decline following the announcement of the use of US strategic reserves. The price of Brent 1st-nearby has for the moment stabilised in a fairly narrow range, between $104 and $106/b. US allies in the IEA have confirmed that they will support the US effort…
