Benchmark power futures across EU clawed back losses from Week 2 with carbon and gas leading the gains. Economics tilt towards gas with downwards temperature forecasts. Weather fundamentals generally dominate the EU energy market for this period.
Europe
Cold and calm weather underpinned the early-January rally, LNG imports into major EU terminals slumped to their lowest since September 2018. Mild and windy weather forecasts are set to return power demand to expected levels.
Europe
Mainland nations saw their 2021 calendar year power futures rally with surging gas, coal and carbon prices, slower LNG schedules driven by rallying Asian spot LNG prices, and adjustments to the 2030 emission reduction target.
Europe
Carbon EUAs closing higher for fifth consecutive week, unvafourable weather fundamentals, natural gas prices remain steady, EU prepares for Phase 4 of Emissions Trading scheme.
Europe
Promising vaccine results support European power contracts, an extended cold snap across Northwest Europe, carbon EUAs extended recent gains last week; posting a fourth consecutive weekly jump.
Europe
Record-low Nordic prices, amid mild and wet weather, net LNG imports into northwest Europe total 2.9 million cubic meters, COVID-19 vaccine progress continues to improve the oil demand outlook.
Europe