The European power spot prices for today were strongly curbed by the continuously strong renewable production with the German wind production expected to remain near 40GW while the French hydro generation is forecasted to climb above 6GW. The low nuclear availability in France and Belgium and the weak demand due to the mild temperatures however…
European gas prices weakened slightly on Friday as strong LNG supply and below-normal demand exerted downward pressure. Prices even ignored the strong drop in Norwegian supply (to 320 mm cm/day on average, compared to 341 mm cm/day on Thursday) due to an unplanned outage at the Nyhamna gas processing plant; on their side, Russian flows…
Crude oil prices fell back a little overnight, but after rising sharply before a potential Russian attack on Ukraine. The price of Brent 1st-nearby touched $95/b, before returning to $93/b. At the initiative of France, the Russian and US Presidents agreed in principle to meet at a summit, the details of which have yet to be…
Financial markets continue to move in tandem with news from the Russian-Ukrainian border. At the end of last week, there was widespread pessimism ahead of a Russian attack that the US administration said was “imminent”. The French and German governments called on their citizens to leave Ukraine. The trend reversed overnight after the Russian and US…
Forecasts of stronger demand and slightly weaker renewable and nuclear generation buoyed the European power spot prices yesterday, although the German prices continued to observe a discount due to the country’s still strong wind generation expected to reach up to 41GW at the end of the day. The day-ahead prices averaged 183.05€/MWh in Germany, France,…
