EUAs tracked the bearish energy complex
The surging wind output and strengthening solar and hydro generation weighted further on the Euporean power spot prices yesterday, although the rather strong demand, especially…
Brent prompt futures retreated to 60.7 $/b after the publication of the two monthly reports from OPEC and the IEA, showing a slower recovery than expected in January. The threat of strikes on Troll and Johan Sverdrup fields in Norway is pushing North sea crude differentials higher. Gasoline prices in Europe continued to drop, as inventories in the ARA region showed another 1.3 mb build.
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