Prices up on the spot and the curve

  • Gas

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.

Prices up on the spot and the curve
Share this news :

You might also read :

ES-gas
May 10, 2022

Prices extended losses

European gas prices extended losses yesterday, still pressured by weak demand and strong LNG supply. The drop in coal prices (-4.37% for API2 1st nearby prices,…
ES-oil
June 23, 2021

US stocks pushing time spreads higher

ICE Brent prompt contract rose to 75.4 $/b on early Wednesday, after steep crude stock draws forecasted by the API survey in the US, especially…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]