An eye toward 100€/t ?
The power spot prices were mixed in NWE yesterday, fading in Germany and France on forecasts of slightly weaker power demand and stronger wind output,…
Brent prompt futures continued to hike, at 57$/b on early Wednesday as the API data showed a bigger than expected crude inventory draw in the US. Both gasoline and distillate stocks grew amid falling US demand and growing refining supply. In its latest Short-Term Energy Outlook, the EIA still predicts brent price to average 53$/b in 2021 and 2022 amid ample supplies and worsening global liquid demand.
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