Industrial activity plunged in March in the euro area
Financial markets were still dominated by pessimism yesterday, as evidenced by the sharp rise in the US dollar, with the exchange rate against the euro plunging to…
European spot gas prices dropped on Friday, mainly pressured by the increase in Norwegian supply. Indeed, following the (delayed) start-up of Troll, Norwegian flows rebounded to 237 mm cm/day on Friday, compared to 210 mm cm/day on Thursday. As for Russian flows, they increased to 329 mm cm/day on average, compared to 323 mm cm/day on Thursday.
Curve prices were also lower, more sensitive to the drop in parity prices with coal for power generation (thanks to lower EUA prices) than to the rise in Asia JKM prices.
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