RENEWABLES: German Wind Output Forecast Comparison
Mar-14 15:32
See the latest German wind output forecast for base-load hours from SpotRenewables vs Bloomberg’s ECMWF model for the next seven days as of Friday afternoon.
- Both models have similar wind forecasts over 16-19 March, with the smallest deviation on those days at between 0.04-0.94GW.
- The largest deviations are seen over 21-22 March as ECMWF estimates higher wind over the period compared with SpotRenewables. The deviation on those days is between 5.6-7.5GW.
- Despite these differences, both models are seen to be on a general downward trend over 18-20 March before rebounding and rising over 21-22 March.
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Historical bullets
MNI: US EIA: CRUDE OIL STOCKS EX SPR +4.07M TO 427.9M FEB 07 WK
Feb-12 15:30
- US EIA: CRUDE OIL STOCKS EX SPR +4.07M TO 427.9M FEB 07 WK
- US EIA: DISTILLATE STOCKS +0.14M TO 118.6M IN FEB 07 WK
- US EIA: GASOLINE STOCKS -3.04M TO 248.1M IN FEB 07 WK
- US EIA: CUSHING STOCKS +0.87M TO 21.8M BARRELS IN FEB 07 WK
- US EIA: SPR +0.25M TO 395.3M BARRELS IN FEB 07 WK
- US EIA: REFINERY UTILIZATION WEEK CHANGE +0.5% TO 85.0% IN FEB 07 WK
US TSY OPTIONS: March'25 10Y Put Sale/Unwind
Feb-12 15:27
- -10,000 TYH5 108 puts, 19
CROSS ASSET: US Yields are extending higher
Feb-12 15:27
- The US Tnotes (TYH5) is testing a new low, eyeing a test to the 108.00 figure next.
- Today's big sell off on the back of the stronger US Inflation is helping the Yield through 4.65%.
- In Yield terms, the 4.70% level would equate to 107.27+ today.
- USDJPY is clearing 154.50, where it found some selling interest post US data for around an hour, this was the 50day EMA and Pivot resistance, next stop would see a push back to 155.00.
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