Macro & Oil Report: Markets full of doubts
Markets full of doubts Macro & Oil #83 The euphoria of late 2023 has given way to doubts: what if the Fed does not cut…
European gas prices were up yesterday, maintaining their uptrend amid ongoing tight fundamentals. While Russian supply remained desperately stable (at 332 mm cm/day on average), Norwegian flows dropped significantly yesterday, averaging 253 mm cm/day, compared to 278 mm cm/day on Tuesday, due to a power failure that led to a partial interruption of daily processing capacity at the Kollsnes gas facility.
The slight rise in parity prices with coal for power generation (the increase in EUA prices offset the drop in coal prices) also provided some support.
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