Energy markets analysis

What happened to gas and power liquidity in Europe in 2022? Share this news : Share on twitter Share on linkedin Share on email You might also read : July 27, 2021 European prices up again European spot gas prices increased yesterday, supported mainly by lower Norwegian supply. Indeed, Norwegian…

Gas demand across Europe- what are the trends and the impact on the gas prices ? All eyes are on gas supply since the beginning on the war between Russia and Ukraine. European gas prices were recently trading above the €300/MWh mark for delivery until the end of the upcoming…

Five key elements to understand the current rally in European energy prices European energy prices are ending 2021 with another bullish rally: TTF Jan-22 prices are back above the €100/MWh mark, EUA Dec-21 prices are trading at new record highs just below €90/ton and French Cal 2022 power prices are…

DOWNLOAD OUR SPECIAL REPORT EUAs broke all-time high : sustainable upward trend or temporary bullish run ? EUA prices have broken their all-time high of 65.77€/t on Nov.15th on a combination of rising gas prices, option trading and some positive sentiment from the COP26 amid a lack of sellers. Despite the…

EGM Monthly Report – November 2021 Macroeconomic and forex Global output lags behind global demand and recruitment difficulties are not easing, which fuels inflationary pressures. Central banks resist market pressure and defy rate hike expectations, pushing equity markets to record-high levels. The euro may not have bottomed out yet. Oil…

A growing gas supply gap : a closer look at Europe and Asia gas balances over the 2000-2020 period The latest survey by the Banque de France sheds some interesting light on the tensions in the industry and the risk of a sustained rise in inflation. It is reasonable to…

A growing gas supply gap : a closer look at Europe and Asia gas balances over the 2000-2020 period The causes of the ongoing natural gas shortage across Europe have already been well commented. But putting aside short-term drivers (post-covid economic recovery, weather events leading to a higher storage usage…

DOWNLOAD OUR SPECIAL REPORT The thermal coal market is also experiencing a significant tightness this year A lot has already been said about the worrying level of European gas stocks and its strong impact on global energy prices with notably TTF front-month prices breaching the €50/MWh mark and German Cal 22…

[UPDATE : 18/03/2021] EUAs are the best performing energy commodity in Europe since the start-up of the COVID19 outbreak. They even reached an absolute record high at €43/t in March 2021, 15 years after the creation of the EU ETS. One clear consequence of this impressive increase over the past few…

2020 has been an astonishing period for energy markets. The historical demand shock implied by the Covid-19 outbreak was offset by a massive reduction in energy supply and upstream investments in a short timeframe, which triggered a quick rebalancing of global balances and a price recovery still ongoing in early…