European and Asian prices extended gains

Gas
April 20, 2021

European gas prices extended gains yesterday, still supported by tight domestic fundamentals.

The strong rise in Asia JKM prices provided additional support, offsetting the drop in parity prices with coal for power generation (both coal and EUA prices were down).

On the pipeline supply side, Russian flows were up yesterday, at 328 mm cm/day on average, compared to 320 mm cm/day on Friday. Norwegian flows were stable, averaging 303 mm cm/day (still significantly below the maximum of 348 mm cm/day of early April).

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European and Asian prices extended gains

You might also read :

Inventories point towards a crude build

Financial markets caught between hopes of stronger fiscal stimulus in the US and prolonged lockdown in Europe

The downward correction in equity markets continues

Simplifying energy markets