Extreme volatility is back in the carbon market
The European power spot prices remained mostly stable yesterday, torn between forecasts of increasing wind output and weaker demand and expectations of lower hydro and…
Brent prompt future contract came back to 63.5 $/b, after a weak session on Friday, as the forward crude balance resulting from the Texas energy crisis pointed towards lower US runs for an extended period of time. Indian refining runs topped 5.16 mb/d according to preliminary government data, as the nation’s demand fully recovered, except for jet demand. However, pump prices are at a record high due to tax hikes on refined products.
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