Electricity, gas, CO2, and oil rise due to colder temperatures, LNG deliveries to Europe, and increasing energy complex. Coal remains stable with a tendency to rise as new coal-fired power plants are put to use over their more expensive gas-fired counterparts.
Germany
US natural gas inventories decreased by 134 Bcf for the week ending January 8, compared with the five-year (2015–19) average net withdrawal of 184 Bcf.
United States
Electricity and CO2 prices rise at the turn of the year following development of raw materials and Brexit agreement. Gas, oil, and coal fall due to milder weather and weak demand from Europe, while in China oil and coal experience increased demand.
Germany
For the week ending 11 December 2020, US commercial crude inventories decreased 3.1m to 500.1m. After last week's dramatic increase of 15.2m, this week's change was in line with expectations. US crude production fell marginally for the week to 11.0 mb/d.
United States
In this issue we cover the usual monthly update on Italian energy market focusing on analyzing the causes of the big m-o-m increase on spot and futures prices for power and gas, french nuclear power generation, and the start of the TAP gas pipeline.
Italy
US natural gas inventories decreased by 122 Bcf for the week ending December 11, compared with the five-year (2015–19) average net withdrawal of 105 Bcf.
United States