Emissions and power prices rebounded on gas reversal
The European power spot prices continued to drop yesterday on expectations of stronger renewable production and weaker demand. Prices in Germany, France, Belgium and the…
ICE Brent prices approached 75 $/b yesterday after the EIA weekly data release showed further scarcity in the US crude market. Later in the day, crude prices pulled back by the more hawkish than expected Fed meeting which anticipated 2 rate hikes in 2023. Physical markets are increasingly reflecting a tightening balance, as Asian and Mediterranean grades are all rallying.
Get more analysis and data with our Premium subscription
Ask for a free trial here