Sharp increase in European prices

European gas prices increased sharply yesterday, supported by cold weather and weak pipeline supply. Indeed, although they increased yesterday to 300 mm cm/day on average, compared to 286 mm cm/day on Friday, Russian flows were still below the 324 mm cm/day of Thursday as Yamal flows remained below their pre-outage level. As for Norwegian flows, due to planned maintenance works, they dropped again, averaging 310 mm cm/day, compared to 327 mm cm/day on Friday.

The rise in parity prices with coal for power generation (both EUA and coal prices were up) provided additional upward pressure, particularly on curve prices.

ttf-cal-2022
Share this news :

You might also read :

ES-oil
June 24, 2022

Oil price continued to drop

On Thursday, oil prices were down. ICE Brent front month moved 1.5% lower to settle at $110.05/b and NYMEX WTI went 1.8% down to settle…
ES-oil
March 19, 2021

Crude collapse

The collapse in refining margins was a prelude to the significant downward correction experienced on Brent and WTI markets. Crude prices dipped by more than…
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]