Prices reacted quickly to increases in carbon and natural gas - carbon continued to break all records due to absence of key agreements at COP26 as well as German announcements regarding a no-deal at the European level. Brent was fairly stable up to November 25th when the new Omicron variant was announced.
France
Oil trends reversed last week after OPEC announced a production increase from January 2022, but also in the face of the market’s fear of a global epidemic bounce. Both the natural gas and electricity futures market rose last week. The certification process for the Nord Stream 2 gas pipeline is suspended by the German regulator.
France
The Committee for Energy Regulation (CRE) published on December 1st the total ARENH Demand for 2022. The requests, made by 81 suppliers and which are subject to a ceiling of 100 TWh, amounted to 160.33 TWh. It should be noted that the CAL22 annual contract has been evolved at levels above 150.00 €/MWh since November 23rd.
France
The futures market for electricity has been robustly bullish last week, in no small part due to the price of gas & CO2. The futures market for gas stayed high in the last week. With the arrival of a new cold snap in the last days, the fears of gas shortfalls in Europe are back to being high.
France
In response to the astounding headlines relating to gas and the weather forecast announcing the upcoming arrival of a cold snap within days, the futures market rose sharply last week. The natural gas futures market soared last week following an accumulation of unfortunate factors.
France
After a drop at the beginning of the week, the power futures market recovered, following the trend of natural gas and CO2 prices. Carbon prices reached their highest level in several weeks in a speculative context with limited liquidity. The situation on the gas market has become more tense in mid-week.
France