EUA eroded recent gains despite rising energy complex
The European power spot prices rose near 250€/MWh for today, supported by forecasts of a wind shortage, strong demand and weak hydro generation. The day-ahead…
ICE Brent prompt month reached 67.1 $/b on early Thursday, as the dollar continued to weaken and new data on the Chinese refining sector showed sustained activity throughout March. Light sweet crude prices in Asia are getting a boost from the increasingly uncompetitive European and African crude, as the EFS swap continues to be above 3$/b, favouring sour crude buying in the Middle East.
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