The markets are on tenterhooks, watching for the slightest signal that tensions with Russia are easing or that an invasion of Ukraine is imminent. Equity markets fell sharply in Europe yesterday. Volatility was high in the US, but losses were limited. The US 10-year yield rose above 2% before falling back below it again. The dollar strengthened…
Just as oil prices looked set for their first weekly decline after seven consecutive rises, they rose sharply on Friday evening after a US official said that a Russian attack on Ukraine could happen very quickly. Many countries, like the US, have asked their citizens to leave Ukraine. The price of Brent 1st-nearby rose above $96/b overnight.…
European gas prices rebounded overall on Friday, mainly supported by lower Russian supply (191 mm cm/day on average, compared to 196 mm cm/day on Thursday and 237 mm cm/day on Monday) as flows through Ukraine continued to weaken. On their side, Norwegian flows were up, averaging 333 mm cm/day, compared to 330 mm cm/day on…
Despite higher clean gas costs, the European power spot prices for today fell from Friday as a forecasted surge of renewable production offset the lower demand and French nuclear availability expected in the upcoming hours. The day-ahead prices averaged 155.19€/MWh in Germany, France, Belgium and the Netherlands, -36.43€/MWh. The carbon and power forward prices continued…
Tensions rose sharply on Friday when a US official said that a Russian attack on Ukraine appeared imminent and could take place before the end of the Olympic Games. The US equity market plunged as well as long rates (the US 10 year is back below 2%), with investors rushing to the safest assets such as…
