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…
Prospects of mild and windy weather in the coming two weeks (except at the end of this week) and a rebound in Russian gas flows at the Velke Kapusany entry point compared to Friday exerted some bearish pressure on European gas prices on Monday. Thermal coal prices remained relatively steady, notably as some Chinese players are…
Crude oil prices are levelling off and even retreating a little this morning: Brent 1st nearby is back down to $92/b after touching $94/b yesterday. It is the resumption of negotiations on the Iranian nuclear issue in Vienna today that is making the markets cautious. According to the Russian authorities, an agreement is close, while the US…
