European prices down again

European gas prices weakened again yesterday, still more sensitive to warmer weather and negative clean spark spreads on the spot and the month-ahead than to the drop in pipeline supply. Due to a series of unplanned outages, Norwegian flows have reversed their recent uptrend, averaging 318 mm cm/day yesterday, compared to 324 mm cm/day on Friday. Russian flows on their side continued to drop, at 260 mm cm/day on average, compared to 267 mm cm/day on Friday, significantly below the 371 mm cm/day on average of December 2020. The drop in US Henry Hub prices (as production issues eased) provided additional downward pressure.

ttf-cal-2022-23
Share this news :

You might also read :

ES-oil
April 14, 2021

Stocks diverge

ICE Brent prompt contract reached 64.43 $/b as US stocks showed draws in crude and distillate inventories, while gasoline built by 5 mb. Japanese crude…
ES-power
January 8, 2021

EUAs soared to fresh all-time high

The NW European power spot prices continued to rise amid dropping temperatures and weak renewable production. Prices reached 79.53€/MWh on average in France, Germany, Belgium…
ES-oil
March 2, 2021

Brent corrects as the dollar rallies

Brent prompt future contract corrected lower, at 63 $/b, as demand-side worries emerged. The US dollar continued strengthening also lowered crude prices. Finally, the anticipation of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]