European gas prices increased strongly yesterday as a risk premium on the Russia-Ukraine conflict is building. Even the statements of Russian government spokesman saying that Russia has been a reliable energy supplier to Europe even at difficult times in relations did not seem to reassure the market. The rise in Asia JKM prices (+14.72% on…
Spectacular reversal of the US equity markets yesterday, which lost more than 4% (for the Nasdaq) in the session and ended the day up. In the meantime, the European markets suffered heavy losses (-4.1% for the Eurostoxx 50). The causes of this nervousness are known: the approach of the Fed meeting (today and tomorrow) in a particularly…
The European power spot prices rose near 250€/MWh for today, supported by forecasts of a wind shortage, strong demand and weak hydro generation. The day-ahead prices averaged 244.98€/MWh in France, Germany, Belgium and the Netherlands, +60.97€/MWh from Friday. Possibly driven down by the falling equities, the carbon prices faded on Friday despite a decent result…
Brent 1st nearby is close to $89/b again, a level it exceeded last year. The United Arab Emirates announced that it had intercepted two new missiles fired by Yemeni Houthi rebels. The threat of Russian military intervention in Ukraine also continues to fuel geopolitical risk. On the demand side, it is confirmed that the Omicron wave has had a…
European gas prices increased on Friday as concerns about low stock levels have returned to the fore (on 22 January, European gas storages were 43% full on average, compared to 57% in 2021 and 77% in 2020). The rise in Asia JKM prices (+6.34% on the spot, to €62.903/MWh; +7.34% for the March 2022 contract,…
