EUAs climbed to new 2022 high on bullish equities
The surging wind production continued to pressure the European power spot prices yesterday, with the German price presenting the largest losses by falling by 114.27€/MWh…
Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources are also Diesel cracks in Europe and Asia remained supported despite the crude rally, with Singapore diesel 10ppm cracks reaching 6.4 $/b for the first time since December. Jet cracks also edged higher in Asia, at 4.5 $/b at the prompt.
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