Mixed European prices
- Gas
- April 22, 2021
European gas prices were mixed again yesterday, torn between the opposite effects of warmer weather and higher storage injection needs due to weak stock levels.
The increase in Asia JKM prices and parity prices with coal for power generation (thanks to strong EUA prices) provided some support, particularly for curve prices, but profit taking contributed to limit the bullish impact.
On the pipeline supply side, Russian flows were very slightly down yesterday, at 329 mm cm/day on average, compared to 330 mm cm/day on Tuesday. Norwegian flows were slightly down, averaging 301 mm cm/day, compared to 304 mm cm/day on Tuesday (still significantly below the maximum of 348 mm cm/day of early April).
Share this news :
You might also read :
Brent prompt futures edged higher on Tuesday and early Wednesday at 56.2 $/b as US equity markets were on the rise, following Ms. Yellen’s stance…
January 26, 2021
Doubts regarding vaccines and delayed stimulus package fuel risk aversion on markets
US tech stocks remain apart, but the general trend in financial markets has turned negative for two main reasons: 1) hopes of recovery linked to…
March 30, 2022
Prices up on colder weather
European gas prices were up yesterday, supported by forecasts of colder weather. However, spot fundamentals remain comfortable overall as storages show (European gas storages are…
Subscribe to our newsletter