EUAs faded on UK auction
The European power spot prices continued to fade amid easing clean gas costs, surging wind output, and improving Belgian nuclear availability. The day-ahead prices averaged…
Brent prompt contract traded higher on Tuesday morning, as European physical crude prices, especially Russian Urals, edged higher compared to Brent, at a 70 cents discount, as sour crude supplies for European customers are becoming increasingly scarce. However, sour crude markets continued to weaken in Asia, as ESPO cargoes were reportedly sold at a single-digit premium to the Dubai benchmark. The Keystone XL pipeline from Canada to the US is reportedly at risk, under a Biden administration.
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