Slight gains of emissions despite bearish energy complex
The power spot prices for today averaged 86.50€/MWh in Germany, France, Belgium and the Netherlands, dampened by the recent drop of gas prices and the…
Brent prompt contract regained Monday’s losses to reach 56 $/b, despite a strengthening dollar. At the same time, diesel margins progressed higher in Europe and Asia. The US stimulus suggested by President Biden’s team is expected to lift US consumer spending earlier than expected, hence improving distillates and gasoline demand. Saudi Arabia will upgrade its on-road diesel specification to international standards this year, reorganizing product export flows.
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