France Energy Pricing Trends - 3 January 2023
Influenced by natural gas prices, electricity futures prices are representative of declining national demand at the end of the year. Consumption of oil products increased by around 2 million b/d.
FranceInfluenced by natural gas prices, electricity futures prices are representative of declining national demand at the end of the year. Consumption of oil products increased by around 2 million b/d.
FranceThe power market declined last week however, market participants remain optimistic, as temperatures are currently mild in the coming days. Natural gas declined as warm weather set in across Europe, and the price of Brent rose due to strong demand and weather in the US.
FranceThe power market declined last week. Following the trend in natural gas, market players are optimistic that the general situation will improve. A leak on the Keystone pipeline in the US forced its shutdown, causing a rise in Brent prices.
FranceDespite the drop in temperatures, the demand for electricity has decreased. Gas stocks are gradually decreasing as the cold wave settles-in creating a lift in the market. Fears of a deterioration in the global economy are strong causing a drop in the price of Brent.
FranceThe power market rose last week, driven by natural gas prices and carbon prices. As temperatures fall, thermal power plants in Europe are being stretched. The price of Brent crude oil fell slightly.
FranceEnergy demand is higher on the short-term market. European players are becoming attentive to French nuclear production. The market reacted to the first withdrawals from underground gas storage. Fear of an economic slowdown and lower demand for oil are growing.
France