Crude prices fluctuate according to Suez canal news
Oil
March 26, 2021
Crude oil prices have registered up-and-down moves since the container ship blocked the Suez canal. Yesterday they were down, but are already rebounding. Brent 1st-nearby prices fell from around $64/b to $61/b and are now trading near $63/b. The general sentiment is better (see the Daily Eco) and supports this rebound, but there is also the fact that traffic through the canal may not resume before the end of next week.
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…
Gas & Power Podcast #20 In this gas and power report, Julien Hoarau tells us about the upcoming cold temperatures, how they’ll affect gas fundamentals…
Join EnergyScan
Get more analysis and data with our Premium subscription