EUAs collapsed by more than 16% as investors fled the market
Beside the German prices jumping by 37.38€/MWh due to the wind shortage forecasted for the country and soaring gas prices, the other NWE power spot…
Crude prices rallied by 5% as OPEC decided to roll over the current production agreement, while Saudi Arabia extended its voluntary cut for another month. The radical change in the group’s strategy, now aiming at price appreciation instead of volumes, is predicated on the assumption that US producers will not enter the market in 2021.
Get more analysis and data with our Premium subscription
Ask for a free trial here