The European power spot prices observed mixed variations yesterday, slightly up in France amid expectations of lower nuclear availability, but down in Belgium, Germany, and the Netherlands on forecasts of strong wind and weaker demand. The day-ahead prices averaged 195.56€/MWh in the four countries, -8.63€/MWh day-on-day. After bearish morning the EUAs reversed and hit yet…
Coordinated SPR releases continue to be the hot topic for crude markets, with China expected to release light sweet crude stocks, in line with the destocking that occurred over the year. Now, China can easily score points with Washington by following the US guidelines. It is likely that China continues to release ESPO-type crude, about an…
European gas prices were mixed again yesterday: slightly down on the spot, slightly up on the curve. Amid ongoing concerns on relatively low Russian supply, the moderation in Asia JKM prices (-5.71%, to €109.437/MWh, on the spot; +0.31%, to €112.743/MWh, for the January 2022 contract) helped limit the upward pressure. On the spot pipeline supply…
The markets are fairly calm and should remain so. In Asia, a certain optimism prevails after the announcement of a new super stimulus plan in Japan, the value of which would reach nearly 10% of GDP. However, this does not impress many people any more. What will be the reality behind these figures? This is the…
European gas prices were mixed yesterday, rising sharply for most of the session before falling back at the close. Strong Asia JKM prices (+13.24%, to €116.064/MWh, on the spot; -1.48%, to €112.397/MWh, for the January 2022 contract) fueled the initial upward movement. On the pipeline supply side, Norwegian flows continued to normalize yesterday, rising to…
