The electricity futures market is at its highest level ever. The concern of market players is reflected in the surge in natural gas prices: low European stocks as temperatures fall, slowing Russian gas supplies, the feared tension on the Asian market following the fire at an LNG complex in Malaysia.
France
Electricity futures prices continued to rise, driven by upward trends for natural gas, CO2 and coal. European gas stocks are at 72% of their capacity. On average over the last 5 years, they were at 87% at the same time. Brent prices rose last week - demand increasing due to gas prices.
France
Despite easing of CO2 prices, the electricity futures market continued to rise, drained of any downward momentum by rises in natural gas futures. Brent rose in anticipation of higher global demand, due to oil production in the Gulf of Mexico remaining at a standstill in the wake of Hurricane Ida.
France
Facing proven speculation on the CO2 market, a complaint was filed with ESMA (the EU's financial supervisory body) for alleged market abuse by major financial players. The natural gas futures market continued to rise due to storage levels. The price of Brent fell last week.
France
The month of August is marked by the accelerating rise in electricity prices. The combined increases in the price of CO2, which is also breaking records, gas and coal explains this situation. Gas continues to rise uncontrollably. Unlike other commodities, the price of oil has decreased during most of August.
France
Brent prices fell following the validation of the increase in oil production by OPEC+ members, before rising again. The closure of refineries in Louisiana following the passage of Hurricane Ida can be pointed to as the defining factor. The natural gas futures market remained very tense.
France