Brent prompt month contract remained range-bound at 55.5 $/b as the dollar remained supported despite a significant unexpected change in the US macroeconomic indicators. Time spreads edged higher this week, with the front spread reaching 40 cents. This has consequences in terms of inventory release and market positioning but has adverse consequences for refiners.
The European power spot prices continued to slowly rise yesterday amid forecasts of slightly easing (but still strong) wind output and weak nuclear availability, although…
European gas balances remained comfortable yesterday, thanks in particular to strong pipeline supply. Indeed, Russian flows were up, averaging 269 mm cm/day, compared to 253…
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