Washington has revoked Repsol's license to operate in Venezuela
A company spokesperson announced on Monday that U.S. officials had notified Repsol of the revocation of its license to import oil from Venezuela. Meanwhile, Spain's Foreign Minister promised to protect Repsol's interest. The spokesperson for President Donald Trump said that the administration of Repsol told the company it had until the 27th of May to end its operations in South America. The U.S.
German power prices are boosted by mixed wind signals
German spot power prices for Tuesday were more than twice as high as the French equivalent contract at the start of trading on Monday. This is because wind power supplies are down in Germany, but increasing in France. Demand in the entire region has also increased. By 848 GMT on Tuesday, the German baseload electricity for that day was priced at 97.50 euro ($105.58). The French power for that same day was priced at 45 euros/MWh. On Friday, neither contract was traded for delivery on Monday.
Prices for EUROPE GAS remain stable despite the latest Sudzha gas stations attack
The Dutch and British wholesale prices of gas were mostly unchanged on Friday, as the recent attacks on a Russian supply point were offset by an improved outlook for supply-demand as winter comes to an end. LSEG data shows that the Dutch front-month contract rose 0.17 euro to 41.17 euros per Megawatt Hour (MWh), which is $12.99/mmBtu by 1104 GMT. The Dutch day-ahead contracts was down by 0.10 euros at 40.90 Euro/MWh. The British day-ahead contracts rose 0.52 pence, to 98.50 pence/therm.
On Monday, expect a rise in wind pressure.
On Friday, German and French power prices for the following Monday were not traded. However, a rise in wind energy supply and a slight drop in demand are seen as putting downward pressure on the beginning of the week. LSEG data shows that the German and French baseload power prices for Monday were not traded by 1002 GMT. LSEG analyst Florine Engl stated that residual load was decreasing in the entire region on Monday as wind supply and demand are both increasing.
EUROPE GAS - Prices stable but weather and low storage could support.
The Dutch and British wholesale prices of gas were mostly stable on Friday morning, despite the mild weather. However, a forecast for a cooler climate next week as well as the need to replenish storages in the coming months will continue to support the price. LSEG data shows that the Dutch front-month contract rose 0.10 euros to 41.10 Euro per megawatt hour or 12.98/mmBtu at 0914GMT. The Dutch day-ahead contracts was down 0.50 euros at 40.50 Euro/MWh.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Exmar reported on Thursday a decline in FY IFRS revenues to $348.9 millions but an increase in IFRS EBITDA at $204.7 million. It will not be proposing a dividend in 2024. Fluxys announced on Thursday that FY revenues and EBIT had increased to 608.8 millions euros ($657.0) and 133.9million euros, respectively. It proposes to pay a EUR 1.4 dividend per share.
Spot contracts drop on German solar's continued growth
On Friday, a rise in German solar energy supply for the second day in a row and a fall in demand in all of Europe is expected. This will further weigh on European spot electricity contracts. French baseload electricity for Friday fell 23.1% to 64.25 Euros ($69.21 per megawatt-hour (MWh) at 1028 GMT. The German equivalent contract was not traded. LSEG data shows that the German wind energy output will increase by 360 megawatts to 9.8 gigawatts on Friday.
The spot price of solar panels is affected by the higher German supply
The French spot electricity price for Thursday dropped on Wednesday, as the consumption in the area was predicted to decline. German solar power prices were expected to rise by nearly 40% on the same day. By 0952 GMT, the price of French baseload electricity for Thursday had fallen by 8.4% to 84.50 Euros ($91.23). The German equivalent contract was not traded. LSEG data indicated that the German wind output is expected to fall by 3.9 gigawatts to 9.4 GW on Thursday…
European investors warn that the clock is ticking on AI adoption
European companies who are investing heavily in generative artificial intelligence must start showing results by the end of next year or investors will lose patience. AI-exposed shares have been downdrafted with the broader equity market in recent weeks, as fears of recession rise. This has added to the pressure on the sector, which was already under strain in January when the launch low-cost Chinese AI DeepSeek sparked a tech sale.
German contract not traded
French spot prices rose Tuesday for the Wednesday session, and forecasts indicated a mixed output of renewables in Germany. LSEG data shows that the French baseload rate for the day was 93.5 euros ($100.97 per megawatt-hour) at 0958 GMT. This is a 2.8% increase. The data revealed that German day-ahead electricity had not yet begun trading at the time, despite closing on Monday at 108.75 Euros/MWh.
Draft shows EU members are seeking flexibility in the 90% rule for gas storage.
A document reviewed by revealed that the European Union is discussing a proposal which would allow it to diverge from its target of filling natural gas storage up to 90% before winter if market conditions made this prohibitively costly. This month, the European Commission proposed to extend EU deadlines for filling gas storage by two years. The new dates are 2026 and 2027. The plan, which EU member states and legislators must approve…
German contracts for the front year are affected by lower gas prices
German power contracts for the year ahead fell on Monday as gas contracts and carbon permit prices dropped. By 0957 GMT, the German baseload power for the year ahead fell by 1.1% to $85.24 per megawatt-per-hour (MWh), while its French counterpart rose 0.2% to $63.85/MWh. Dutch and British wholesale prices of gas fell on Monday morning, despite mild weather conditions and the beginning of talks between U.S. officials and Russians over a possible Ukrainian ceasefire.
German wind energy supply plummets on Monday
The German and French power prices for the following Monday were not traded on Friday. However, a tumbling wind output and a flagging solar output in the entire region was expected to have an upward effect on prices. LSEG data shows that the German and French baseload power prices for Monday were not traded by 0938 GMT. Naser Hashemi, LSEG analyst, said that on Monday, wind power production continues…
Indian firms look to Dutch Royal IHC in order to explore deep sea mineral deposits
Two sources have confirmed that Indian mining and cement firms approached Dutch shipbuilder Royal IHC to ask for assistance in preparing bids for deep sea mineral blocks. India held its first auction of 13 deep-sea offshore mineral blocks in November. These included three construction sand and lime mud blocks as well as seven polymetallic blocks. The blocks are rich in minerals such as cobalt and copper.
Document reveals EU countries' draft plan to relax gas storage targets
A document seen by revealed that European Union nations are considering making the bloc’s binding gas storage targets more flexible. They do this because they fear the rules could lead to an increase in gas prices. Germany, France, and the Netherlands warned that the EU's deadlines for filling gas storage were pushing prices up. By indicating to the markets that European buyers were obliged to purchase large volumes of fuel within fixed deadlines…
On Monday, expect a higher renewable output
The German and French power prices for the following Monday were not traded on Friday, but it was expected that a rise in wind and solar supplies throughout the region would have a negative effect on prices. LSEG data revealed that the German Monday baseload contract had a range of bids and asks between 99 euros to 103.25 euro per megawatt-hour (MWh) as of 0953 GMT. This was below the Friday closing price at 124.50 Euro.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Believe confirmed in its full-year report that it expected adjusted EBITDA in 2025 to increase by at least 35 percent, and it is still expecting positive free cash flow for 2025. Wolters Kluwer has priced a 500 million euro Eurobond with a maturity of seven years. Kering has appointed Demna to the position of artistic director at Gucci.
US loans TotalEnergies almost $5 billion for Mozambique's gas project. FT reports
Financial Times reported that the Trump administration released nearly $5 billion to fund a project in Mozambique by France's TotalEnergies for liquefied gas (LNG). Estevao Palae, Mozambique’s Minister for Energy, told Financial Times that the U.S. Export-Import Bank has reapproved a loan of $4.7 billion for the project. Before lifting the force majeure that has been in effect since 2021, you must obtain re-approvals for loans from the United States and UK export credit agencies…
Sources say that most EU countries support softer storage targets for gas
In a meeting held behind closed doors on Wednesday, a majority of European Union member countries supported plans to relax some of the bloc’s binding gas storage targets when they were extended until 2026-2027. EU diplomats confirmed this. Germany, France, and the Netherlands warned that the EU's deadlines for filling gas storage were pushing prices up. By indicating to the markets that European buyers are required to purchase large volumes of fuel within fixed deadlines…
Due to Germany's increased solar output and weak demand, the price is slightly lower.
The European spot price for electricity was slightly lower on Friday as the main market Germany experienced higher solar intensity, a weaker demand and decreased gas-burning supply. This overrode anticipated gains in France. Guromarie Wyller of LSEG, an analyst, said that the fundamental situation in Germany will loosen slightly tomorrow due to increased solar power output and decreased demand.
