France Energy Pricing Trends - 27 February 2023
National electricity demand has been stable for several days but production is struggling. US LNG supply is expanding. The price of Brent crude oil closed on an upward trend.
FranceNational electricity demand has been stable for several days but production is struggling. US LNG supply is expanding. The price of Brent crude oil closed on an upward trend.
FranceAlthough the price of natural gas is down, the price of CO2 has increased significantly following the adoption of the Green Deal Industrial Plan by the European Parliament. Brent was mostly stable.
FranceNational demand for electricity was up due to the lower temperatures of the last few days. The natural gas market declined - gas stocks are high and weather forecasts predict a sharp rise in temperature. The price of Brent rose.
FranceThe power market rose last week, driven by natural gas and carbon prices. The market price is expected to remain high in the short term with the onset of a new cold snap. Natural gas markets were slightly bullish, and the price of Brent crude oil fell sharply.
FranceDespite the cold that has set in CAL24 BL prices fell by about 11%, with the relaunch of reactors leading to an increase in production. Products on the natural gas market depreciated. The price of brent rose over US growth forecast and optimism for the Chinese economy.
FranceFaced with falling temperatures, demand is rising. Large electricity imports from Germany ease market prices across the EU. European gas stocks fell slightly (79% at the end of the week). Chinese demand for oil, especially in the transport sector, is on the rise, as are economic growth forecasts for the US.
France