European Energy prices in rangebound trading mode

Julien Hoarau tells us about the relatively calm week on gas and power markets. Gas and Power prices are trading rangebound mode, which is to say within a certain range, aka. stable. Next week is expected to bring milder weather which is bringing out bearish tendencies on power markets. As Chinese demand recovers, Asian LNG imports are increasing. French Nuclear Availability is expected to peak this week. EU parliament is about to vote on the REPowerEU frontloading and the revision of the Market Stability Reserve next week.