The soaring gas prices continued to push EUAs to fresh records
The power spot prices edged down yesterday in north western Europe, torn between forecasts of stronger wind output but weaker solar generation and slightly lower…
Brent prompt future contract slipped back to 67.3 $/b as the lost US production was estimated to be at 1.1 mb/d for last week. The picture for petroleum products is looking increasingly bullish, as the US refinery runs dropped by 2.6 mb/d and could take a significant amount of time to resume. Japanese refinery utilization, dropped to 68% (-10% pts w/w) as refineries in the west part of the archipelago were recovering from the earthquake experienced last week. Yet, commercial stocks in Japan continued to dip by almost 4 mb.
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