EUAs and power prices collapsed alongside the wider markets
The European power spot prices jumped near 100€/MWh yesterday as the forecasts of dropping wind output offset the falling clean gas and coal costs. The…
Brent futures contracts dipped on Wednesday and early Thursday, with the prompt month contract at 55.4 $/b, as all risky assets tanked amid broader market concerns about the macroeconomic backdrop. Furthermore, the EIA reported a large crude inventory draw of 9.9 mb, but mostly due to volatile net imports. The Norwegian field Johan Svredrup is expected to reach its daily capacity by mid-2021, at 535 kb/d.
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