European gas prices have increased their rebound yesterday, as the statements made by Russia’s Deputy Prime Minister Alexander Novak (saying that commercial gas deliveries via Nord Stream 2 may start right after the German regulator grants its permission) did not lift concerns about the level of Russian flows for the coming months. The rise in…
Long-term interest rates fell again, although they are a bit on the rise this morning: the US 10-year is trading at 1.53%. US producer prices recorded their smallest increase of the year for the month, although they continued to accelerate yoy. This does not call into question the expected tightening of US monetary policy in early November as…
A growing gas supply gap : a closer look at Europe and Asia gas balances over the 2000-2020 period The latest survey by the Banque de France sheds some interesting light on the tensions in the industry and the risk of a sustained rise in inflation. It is reasonable to assume that this situation is…
According to the API industry survey, US crude stocks built by 5.2 mb w/w, while Cushing stocks dropped by 2.2 mb, lending support to the greater availability of crude in PADD3 and the Atlantic basin. Indeed, crude stocks are expected to build slightly in the US for the month of October, in line with the…
The power spot prices were mixed in northwestern Europe yesterday, driven down in Germany and the Netherlands by forecasts of stronger wind output but slightly up in France and Belgium amid expectations of increased peak power demand. The day-ahead prices hence averaged 189.09€/MWh in the four countries, -3.58€/MWh day-on-day. The EUAs traded rangebound on Wednesday,…
