France Energy Pricing Trends - 23 October 2023

France Power Pricing Trends | 23 October 2023

The power market stabilized last week. The Baseload CAL 24 is close to €140/MWh, the same price level as at the beginning of September. However, players remain attentive to developments in the Middle East. The weekly average price grew from 138.35 €/MWh to 141.28 €/MWh for CAL 2024 and fell from 125.77 €/MWh to 124.05 €/MWh for CAL 2025.

France Natural Gas Pricing Trends | 23 October 2023

The natural gas market rose in a measured fashion last week. Indeed, the price hike triggered by the high level of uncertainty surrounding the Israeli-Palestinian conflict was contained by positive signals: gas storage in Europe at 98.2%, rising LNG exports from Norway and the USA, and relatively low gas demand for the season. The weekly average price increased from 52.64 €/MWh to 55.04 €/MWh for CAL 2024 and from 47.36 €/MWh to 47.38 €/MWh for CAL 2025.

France Oil Pricing Trends | 23 October 2023

Brent crude rose last week, driven by the geopolitical risk premium in the Middle East. Market players fear that Iran could re-enter the conflict, which would imply new sanctions on oil exports. On the other side of the world, US oil reserves have fallen, prompting the US to lift a sanction against Venezuela to increase oil production by around 25%. The weekly average price of Brent crude oil increased from 82.94 €/bbl to 86.92 €/bbl.

The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.

Get The Full Report Delivered To Your Inbox

Fill out the form below and we'll send you the full report.

1 Your Details

2 Company Details

By submitting this form you agree to let NUS follow up with you related to your inquiry. Your information will be used for these purposes alone, we never buy, sell, or trade your personal data. For more information, please see our Privacy Information.