European gas prices continued to weaken yesterday, pressured by forecasts of milder weather amid ongoing strong LNG supply. The announcement of a possible Putin-Biden summit pushed prices down early in the morning. But the downtrend slightly reversed later in the day after the Kremlin spokesperson said a call or meeting between the two presidents could…
Vladimir Putin’s decision to recognise the pro-Russian separatist provinces in eastern Ukraine and to send troops there has added a new dimension to the crisis that has been shaking the region for several weeks. Western economic sanctions will fall against Russia and the price of hydrocarbons exported by Russia continues to rise. The price of Brent…
Tensions with Russia have risen after Vladimir Putin officially recognised the two breakaway provinces around the Ukrainian cities of Donetsk and Luhansk and ordered Russian forces to be sent in to “keep the peace”. Obviously, this decision will be followed by economic sanctions against Russia and there is a high degree of uncertainty about the course…
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…
