Late rebound of carbon prices on rising U.S. equities
The power spot prices in NWE fell below the clean gas costs yesterday, pressured by forecasts of weaker demand and surging wind output. Prices reached…
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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