Carbon options’ expiry continued to maintained prices near 80€/t
Except in France where prices inched down on expectations of weaker demand, the European power spot prices slightly rose yesterday, buoyed by forecasts of dropping…
ICE Brent prompt contract declined to 74.5 $/b at the prompt, in a volatile start of the week. Russian output in June averaged 10.42 mb/d vs 10.45 mb/d in May, questioning the ability of Russia to effectively ramp up crude production. Despite the drop in crude prices, European diesel cracks felt even stronger, at 4.8 $/b at the prompt, as the Delta variant triggered new restrictions in European capitals such as Lisbon.
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