EUA broke above 63€/t on surging gas and wind shortage
The power spot prices remained steady and near the clean gas costs in northwestern Europe yesterday amid forecasts of mostly unchanged renewable production and improved…
Crude prices remained broadly steady as the EIA weekly snapshot reflected a growing discrepancy between US crude oil and fuel markets with a net build in inventories of 1.3 mb. Similarly to last week, recovering refining runs in Texas was unable to follow the pace of crude production or fuel demand, leading to a 13.8 mb build in crude oil inventories and large draws in gasoline and distillate stocks. Weak Chinese crude demand continues to impact crude markets globally, with evidence of a slowdown in purchases in the West African market.
Get more analysis and data with our Premium subscription
Ask for a free trial here