Except in France where prices inched down on expectations of weaker demand, the European power spot prices slightly rose yesterday, buoyed by forecasts of dropping wind output and lower nuclear availability. The day-ahead prices averaged 235.24€/MWh in Germany, France, Belgium and the Netherlands, +13.98€/MWh day-on-day. The carbon prices traded sideways in a narrow range yesterday…
Officially, nothing has been decided and some countries, starting with Germany, remain opposed to stopping oil imports from Russia because they have no immediate alternative. But the subject came back to the fore yesterday at the meeting of EU Foreign Ministers and the fact that it was the Lithuanian Minister who spoke in favour of such a…
Is the Fed Chairman, who announced a radical transformation of the central bank’s missions in the summer of 2020 aimed at prioritising the objective of full employment over inflation control, becoming the Paul Volcker of the 21st century, the one who will wage a merciless battle against inflation, as in the early 1980s? Each of his…
The European power spot prices for today slightly decreased compared to Friday, pressured by forecasts of higher solar and hydro production and slightly lower gas prices, although the weak nuclear availability and stronger demand expected in France pushed the country’s price up. The day-ahead prices averaged 221.26€/MWh in Germany, France, Belgium and the Netherlands ,…
Brent 1st-nearby is approaching $112/b this morning. Concerns about Russian oil flows have been compounded by a new episode of tension in the Middle East, with attacks by Yemeni Houthi rebels on oil facilities in Saudi Arabia. There were at least 6 attacks over the weekend. One might add, almost anecdotally, that the number of active…
