The European power spot prices remained impressively flat for weekend and today as a sharp drop of nuclear availability and ongoing wind shortage offset the lower power demand. The day-ahead prices averaged 218.39€/MWh for today in Germany, France, Belgium and the Netherlands, -9.60€/MWh from Friday and -4.07€/MWh week-on-week. On the curve, prices continued to mirror…
Friday was a volatile session, with oil prices reverting at the end of the day: NYMEX front month WTI went down by 0.01% to end the week at $104.69/b and the second-month ICE Brent contract settled at $107.14/b or $0.12 lower. At first, the market continued to climb on Thursday’s comment made by the German Minister of…
European gas prices were mixed on Friday as concerns on Russian deliveries were offset but ongoing strong LNG supply and weaker demand. The additional drop in coal prices (-3.49% for API2 1st nearby prices, -1.11% for Cal 2023 prices) exerted downward pressure. On the pipeline supply side, Russian flows were almost stable on Friday, averaging 223…
Concerns over the ongoing economic slowdown are growing among financial markets. In the US, the Nasdaq index plunged on Friday by more than 4% on the back of concerns about rising interest rates and softer business updates from tech giants (notably Amazon). It finally recorded its sharpest monthly drop since October 2008 in April. China’s pledge to stabilize…
The European power spot prices remained impressively flat from the previous day yesterday, with a continuous German wind shortage offset by a strong solar generation, fading power demand and improving Belgian nuclear availability. The day-ahead prices averaged 227.99€/MWh in Germany, France, Belgium and the Netherlands, -2.15€/MWh day-on-day. The carbon prices traded sideways on Thursday, decreasing…
