Most the power spot prices rebounded in northwestern Europe yesterday on forecast of a sharp drop in wind output for today, with prices rising by up to 106.56€/t in Germany from the previous day. The French prices however slightly retreated as the country is expected to observe a warmer and wetter weather today. The day-ahead…
Soaring oil prices are (rightly) fuelling inflationary fears. Inflation forecasts have been revised upwards significantly, as shown by the latest survey conducted by Bloomberg: +0.3% compared to the December survey on the annual average for 2022 for US inflation (4.6% against 4.3% previously). The market is now anticipating four 25bp rate hikes by the Fed this…
ICE Brent crude price topped 86 $/b before this weekend, with Asian gasoil prices reaching 100 $/b at the prompt, due to a continued rally in diesel and jet cracks. Singapore inventories continued to show depleting diesel stockpiles (-1 mb last week, close to pre-GFC lows), as China exports at a subdued level (below 200 kb/d). Still, in…
European gas prices continued to rebound on Friday, still supported by weaker Norwegian flows following the unplanned outage at the Troll gas field (although they increased slightly to 330 mm cm/day, compared to 328 mm cm/day on Thursday). On their side, Russian flows were stable at 183 mm cm/day on average. The rise in Asia…
The power spot prices are mixed for today in northwestern Europe, down in Germany due to the wind production expected to surge near 40GW today, up in France on weaker hydro generation and strong demand with temperatures lingering 2°C below normal, and in the middle for Belgium and the Netherlands, torn between the first two…
