European gas prices increased strongly yesterday, supported by forecasts of colder temperatures from mid-December. News that the Biden administration was prepared to block the startup of the Nord Stream 2 gas pipeline in the event of a Russian military escalation into Ukraine also provided upward pressure. The rise in Asia JKM prices (+3.31% on the…
A new strong rebound in risky assets yesterday: +2.1% for the S&P 500, +3.4% for the Eurostoxx 50, the VIX plunging to 22, Brent back above $50/b… etc. The US 10-year rate remains almost stable at around 1.45%, but this is because expectations of a rate hike are clearly rising: the market is no longer very far from…
The power spot prices were mixed in NWE yesterday, fading in Germany and France on forecasts of slightly weaker power demand and stronger wind output, but steady in Belgium and the Netherlands with possible support from the higher fuels and carbon prices. The day-ahead prices averaged 206.53€/MWh in the four countries, -10.06€/MWh day-on-day. Facing little…
The power spot prices were mixed yesterday in northwestern Europe, down in Germany and the Netherlands on stronger wind forecasts, flat in Belgium due to the restart of Doel-4 from planned maintenance, and up in France on higher power demand expectations. The day-ahead prices averaged 220.14€/MWh in the four countries, -8.71€/MWh day-on-day. The carbon pursued…
European gas prices were mixed yesterday, amid unchanged fundamentals and slight drop in Asia JKM prices (-0.83% on the spot, to €105.380/MWh; -1.40% for the January 2022 contract, to €106.662/MWh). On the pipeline supply side, Norwegian flows were almost stable yesterday, averaging 338 mm cm/day, compared to 339 mm cm/day on Wednesday. Russian supply remained…
