Power curve prices reached new record despite the retreating EUAs
The power spot prices surge near 170€/t yesterday in northwestern Europe, with some baseload contracts reaching levels not seen since 2006/2007 as forecasts of dropping…
Crude prices continued to be lifted by a declining US dollar, while the Libyan national oil company declared force majeure on its Hariga port due to budget disputes with the country’s central bank. Backwardation levels on the Brent curve are now at healthy levels to incentivize stock draws.
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