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…
The power spot prices were mixed in northwestern Europe yesterday, up in Germany and the Netherlands on forecasts of dropping wind and solar output, but slightly down in France and Belgium on expectations of higher hydro and solar production. The day-ahead prices averaged 171.25€/MWh over the four countries, +12.82€/MWh day-on-day due to the significant 53.13€/MWh…
