The European power spot prices climbed above 220€/MWh for today, supported by a combination of decreasing temperatures, dropping wind output and much weaker nuclear availability with the French production expected to fall near 30GW and the Belgian reactor Tihange 1 shut for maintenance since last Friday. The day-ahead prices hence averaged 222.46€/MWh in Germany, France,…
Brent 1st-nearby declined on Friday, by 1.6% to $106.65/b while the NYMEX WTI went 1.7% down to end the week at $102.07/b. Prices are further down this morning, the Brent now trading below $103/b, mainly due to renewed worries about the pandemic in China (see the Daily Eco). Oil benchmarks have slipped by an average…
There is no sign of euphoria either in the population or on the markets after the re-election of Emmanuel Macron in France: the bond yield spread against Germany is stable and the very brief surge of the euro has given way to a plunge to a new 2-year low against the USD, just above 1.07. His victory…
European gas prices weakened on Friday, maintaining their stable trend, and seemingly insensitive to the strong drop in pipeline supply. Indeed, Norwegian flows dropped significantly, averaging 269 mm cm/day, compared to 306 mm cm/day on Thursday, still impacted by a series of planned and unplanned maintenance. Russian flows were almost stable, at 209 mm cm/day,…
Most northwestern European power spot prices decreased yesterday on forecasts of weaker demand and higher wind output, although the French prices presented a much contained fall due to expectations of lower nuclear availability. The day-ahead prices averaged 180.99€/MWh in Germany, France, Belgium and the Netherlands, -18.31€/MWh day-on-day. On the curve, power prices went up tracking…
