France Energy Pricing Trends - 28 August 2023

France Power Pricing Trends | 28 August 2023

The power market followed the same trend as the natural gas market, falling in the middle of last week before rebounding slightly on Friday. In France, the government has authorised the last two coal-fired power stations to operate for longer than planned, until the end of 2024, to avoid any blackouts next winter. The weekly average price fell from 161.30 €/MWh to 159.51 €/MWh for CAL 2024 and from 140.21 €/MWh to 137.79 €/MWh for CAL

France Natural Gas Pricing Trends | 28 August 2023

The natural gas market fell in the middle of last week. Workers at the North West Shelf gas facility in Australia reached an agreement with Woodside management on Thursday, temporarily the Australian LNG sector. However, today we learn that Chevron unions in Australia have voted to strike from 7 September. This decision could have an impact on the market price over the next few days, as the facilities of these two entities supply more than 10% of the world's LNG each month. The weekly average price increased from 54.28 €/MWh to 54.48 €/MWh for CAL 2024 and decreased from 47.53 €/MWh to 47.15 €/MWh for CAL 2025.

France Oil Pricing Trends | 28 August 2023

After a bearish start to the week, the price of Brent crude rose on Friday, with investors optimistic about the prospects for growth in demand from China, the main importer of crude. The weekly average price of Brent crude oil decreased from 77.56 €/bbl to 77.07 €/bbl.

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