EUAs rose alongside the stronger energy complex
The power spot prices plunged in northwestern Europe yesterday amid forecasts of surging wind output, stronger solar generation, slightly improved French nuclear production and weaker…
ICE Brent prompt contract recovered to 63.6 $/b on early Thursday after a loss on Wednesday. The EIA weekly report showed a rapidly improving US demand, with gasoline and jet outperforming expectations. Biden’s $2 trillion economic stimulus package showed a growing emphasis on road infrastructure, which will likely have a bullish outlook for industrial commodities and crude oil. Today’s OPEC ministerial meeting should yield a rollover of the production agreement.
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