WEEKLY ENERGY MARKET UPDATE: Power prices continue to be driven by the natural gas market (marginal cost). There’s an ongoing debate at the EU level to discontent the power market pricing from gas or change the merit-order pricing rules. Oil prices moved lower after the IMF downgraded its forecast for global economic growth as well […]
European Energy Market Update – Week 17 (May 1st, 2022) Read More »
Weekly European energy market update: Below-average French nuclear availability is likely to keep power summer contracts supported. Recently, EDF has found new cracks at 2 more reactors (Flamanville) bringing the forecasted electricity output down. Unless Russia’s supply of gas to the EU is increased, insufficient LNG capacities won’t be able to replace EU gas needs.
European Energy Market Update – Week 16 (Apr 24th, 2022) Read More »
Energy Market Highlights: Gas market price increased by 11% WoW as the market remains worried about the future of Russian gas supply. The forward power curve is still in a backwardation. However, the spread between Y+1 contracts and >Y+1 contracts has been reduced over the past week by having Y+2 contacts moving significantly higher (+15%
European Energy Market Update – Week 15 (Apr 17th, 2022) Read More »
Weekly European energy market update: The USA announced last week it would release 1 million bl/d from its strategic reserves over the next 6 months. The IEA Member Countries also agreed to a new emergency oil stock release in response to market turmoil. EU countries agree on new Russia sanctions, including a coal embargo. The
European Energy Market Update – Week 14 (Apr 10th, 2022) Read More »
Weekly European energy market update: European gas prices have increased by 8% following Russian demands for “unfriendly” states to settle contracts in Roubles. Gas flows have been stable but the risk of disruption remains. As of Friday 1st of April, Europe continued to receive Russian natural gas via pipelines. However, the situation can quickly change
European Energy Market Update – Week 13 (Apr 3rd, 2022) Read More »
Weekly European energy market update: Gas prices are volatile and bullish after a bearish phase a few weeks ago. Power prices surged from Wed 23rd March due to high profile announcements that Russia would demand payment for gas in Roubles to shore up its currency markets as well as on European Union considerations to ban
European Energy Market Update – Week 12 (Mar 27th, 2022) Read More »
Weekly energy market update: EU gas prices declined -12% w-o-w due to increased renewable generation & warm weather, while carbon prices increased +10% w-o-w following the financial market recovery. The fighting in Ukraine continues to present a strong upside risk in the case of intentional or accidental damage to the pipeline pumping Russian gas into
European Energy Market Update – Week 11 (Mar 20th, 2022) Read More »
Weekly energy market price update: The energy market prices continued to increase this week due to the escalation of the war in Ukraine and the additional sanctions introduced on Russia. In the two weeks since Russia’s invasion of Ukraine, oil prices have rallied by more than 30$ to top 130$ per barrel as concerns over
European Energy Market Update – Week 10 (Mar 13th, 2022) Read More »
Weekly energy market update: EU gas and coal prices hit an all-time high due to the Russian invasion of Ukraine, while carbon retraces 30% softening the impacts on the power price created by gas & coal due to the fall of the global equity markets. Western allies imposed more sanctions on Russia, which involved blocking
European Energy Market Update – Week 9 (Mar 6th, 2022) Read More »
The hopes of a peaceful resolution to the conflict in Ukraine are now gone. The energy markets are now pricing some worse-case scenarios. Oil and gas prices continue to rise in the short term following Russia’s attack on Ukraine. Now, it’s not expected that the Nord Stream 2 pipeline is being able to go online
European Energy Market Update – Week 8 (Feb 27th, 2022) Read More »
