European Energy Market Highlights: European gas and power prices continue to increase as market players are fearing that Russia won’t restore the gas flows after the planned maintenance of Nord Steam which is due to end on the 21st of June. Coal prices increased too following the gas market direction and several floods were reported […]

Weekly European Power Prices Highlights: To read the prior week’s European Energy Market Update, please follow the link here.

Weekly Energy Market Highlights: European power prices remain extremely bullish over concerns around Nord Stream and that flows will not return after the planned shutdown of the pipeline on 11-23 July. Market analysts expect that if Europe were to lose Russian gas this year, the gas prices can reach well above 200 EUR/MWh. This will

Weekly Energy Market Highlights: European power prices spiked this week amid surging gas prices and the expectation that Russia will completely halt the gas flows to the continent. Russian gas flows through the Nord Stream 1 pipeline to Germany were reduced to 60% capacity. Additionally, the annual maintenance of Nord Stream 1 is set to

Weekly European Energy Market Highlights: Energy market conditions since Wednesday 8th June have seen multiple technical events that led to a >20% increase in the European gas price. Freeport LNG, which accounts for about a fifth of US LNG exports and about 10% of Europe’s imports this year, said on Tuesday that repairs following an

Energy Market Update – Week 22: Oil prices increased, supported by the EU agreement on banning Russian oil imports. Prices are now close to the eight-year high as the market remains concerned about tight supply. OPEC has decided to stick to its original oil production plans in July despite the Westerns’ calls to boost the

Weekly energy market update: Oil prices recovered this week as strong demand offset broader economic fears. Shanghai is set to reopen on June 1 after a two-month lockdown that will fuel the commodity market demand. Following the suspension of Russian gas supplies to Poland and Bulgaria last month, as well as Finland last weekend, due

Weekly energy market update: Overall, the power market prices were stable this week. However, the tense geopolitical situation and uncertainty around Russian gas supply are likely to continue providing sentiments to the market limiting the downside. The gas stock levels continued to recover rising to 42% in Europe amid the strong LNG gas deliveries from USA

Weekly energy market update: Since the start of May, the European energy market has been bullish, with a slight mini-correction in the last 14 days. News on 10th May of the Ukrainian gas shipper refusing to operate a major gas compressor plant in the east of the country has removed 10-30mil m3 of gas transit

Energy Market Highlights: European power futures have spiked this week to above 230 EUR/MWh following the EU announcement to ban Russian oil imports by end of this year. Power prices continue to be driven by the natural gas market (marginal cost curve). The current price shock and very significant price volatility would seem to stem