France Energy Pricing Trends - 7 February 2023
7 Feb 2023
France Power Pricing Trends | 7 February 2023
The power market rose last week, driven by natural gas and carbon prices. CO2 has risen sharply over the past two weeks, and the market price is expected to remain high in the short term with the onset of a new cold snap in the coming days. The weekly average price grew from 187.67 €/MWh to 192.90 €/MWh for CAL 2024 and from 140.88 /MWh to 142.10 €/MWh for CAL 2025.
France Natural Gas Pricing Trends | 7 February 2023
The natural gas market was slightly bullish last week. Despite the upcoming drop in temperatures, the high level of natural gas stocks reassured market players (around 70% of stocks filled on Friday in Europe). However, once the Chinese New Year is over, it will be important to keep an eye on China's renewed economic activity. Chinese demand for LNG could weaken future deliveries of the same gas to Europe. The weekly average price grew from 62.26 €/MWh to 63.92 €/MWh for CAL 2024 and from 49.94 €/MWh to 51.92 €/MWh for CAL 2025.
France Oil Pricing Trends | 7 February 2023
The price of Brent crude oil fell sharply last week. The US Fed decided to raise its key interest rates to 4.75% (a quarter point increase). This development could negatively impact global demand, causing the oil price to fall. The weekly average price of Brent crude oil decreased from 79.87 €/bbl to 76.02 €/bbl.
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