Prices up on the spot and the curve

Gas
June 8, 2021

European spot gas prices rebounded yesterday. Despite the drop in residential demand due to the sharp rise in temperatures, weaker pipeline supply left gas balances not so comfortable. Indeed, Norwegian flows dropped yesterday to 280 mm cm/day on average, compared to 285 mm cm/day on Friday. Russian flows were also lower, averaging 322 mm cm/day, compared to 332 mm cm/day on Friday.

Curve prices were also higher as the rise in parity prices with coal for power generation (both EUA and coal prices were up) lent them support.

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Prices up on the spot and the curve

You might also read :

Fed President expresses confidence in the recovery, but sees no change in the current policy

Emmanuel Macron’s re-election avoids adding fuel to the fire but financial markets remain pessimistic, weighed down by the Fed and China

EU Council reached an agreement on Fit for 55 package

Simplifying energy markets