Oil market news

EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil
April 22, 2025

Macro & Oil Report: The trade war waged by the United States

Macro & Oil Report: The trade war waged by the United States April, 17 2025 Macro & Oil In the latest EnergyScan podcast, Olivier Gasnier reviews the events that followed 2nd April, “Liberation Day”. Analysis, insights and forecasts. Listen here The Trade war waged by the United States: decryption, analysis,…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil
March 4, 2025

Macro & Oil Report: Is Donald Trump’s policy good for the US economy?

Macro & Oil Report: Is Donald Trump’s policy good for the US economy? March, 4 2025 Macro & Oil There is much talk about the consequences of Donald Trump’s economic policy on the United States’ trading partners, but it is the US economy that is already showing signs of weakening.…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil
February 4, 2025

Macro & Oil Report: Donald Trump’s return – a first review

Macro & Oil Report: Donald Trump’s return – a first review February, 4 2025 Macro & Oil Geopolitics, tariffs, energy, the environment, public spending, monetary policy Donald Trump has already tackled many issues We take stock in the latest EnergyScan podcast. Listen here Two Weeks In: A Look at Donald…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
January 20, 2025

Macro & Oil Report: What if the Fed raised rates in 2025?

Macro & Oil Report: What if the Fed raised rates in 2025? January, 13 2025 Macro & Oil Still unthinkable just a few weeks ago, a Fed rate hike is becoming a possibility, and could do damage well beyond the United States, says Olivier Gasnier in the latest EnergyScan podcast.…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
January 7, 2025

Macro & Oil Report: Inflation, once again a key issue for 2025

Macro & Oil Report: Review of 2024 and outlook for 2025 January, 7 2025 Macro & Oil In the latest EneryScan podcast, Olivier Gasnier explains that the latest Fed meeting has brought back to the centre of the debate what the markets had been trying to ignore for months: inflation…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
December 18, 2024

Macro & Oil Report: Review of 2024 and outlook for 2025

Macro & Oil Report: Review of 2024 and outlook for 2025 December, 18 2024 Macro & Oil In the latest EnergyScan podcast, Olivier Gasnier looks back at the key economic events and trends of 2024 and what to expect in 2025. Listen here Share this news : Check our latest…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
December 10, 2024

Macro & Oil Report : Donald Trump takes center stage

Macro & Oil Report: Donald Trump takes center stage December, 2 2024 Macro & Oil Everything has revolved around Donald Trump since his election, including on financial markets, says Olivier Gasnier in the latest EnergyScan podcast. This week, however, we need to keep an eye on the political situation in…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil
December 9, 2024

Macro & Oil Report : The benign neglect of the markets raises questions

Macro & Oil Report: Tensions in Eastern Europe push up the dollar and oil prices December, 9 2024 Macro & Oil In the latest EnergyScan podcast, Olivier Gasnier explains why he believes the bond markets are being benignly negligent. He also looks back at the latest OPEC meeting.  Listen here…
EnergyScan, ENGIE, podcast, Macro, Oil
November 25, 2024

Macro & Oil Report : Election of Donald Trump – the first consequences

Macro & Oil Report: Election of Donald Trump – the first consequences November, 15 2024 Macro & Oil The contrast between a flourishing US economy and the European and Chinese economies mired in crisis is reinforced by the prospect of a trade war, says Olivier Gasnier in the latest EnergyScan…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
September 24, 2024

Macro & Oil Report : Lower interest rates for better or worse?

Macro & Oil Report: Lower interest rates for better or worse? Macro & Oil #121 Rates fall sharply in the US, but caution in the eurozone and China. Olivier Gasnier discusses the different strategies of central banks in the latest EnergyScan podcast. Listen here Share this news : Check our…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
September 17, 2024

Macro & Oil Report : Waiting for the fed

Macro & Oil Report: Waiting for the Fed Macro & Oil #120 The Fed is about to embark on its monetary easing cycle. That’s the topic addressed by Olivier Gasnier in the latest EnergyScan podcast. Listen here Share this news : Check our latest post September 17, 2024 Macro &…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
September 10, 2024

Macro & Oil Report : Markets on a knife’s edge

Macro & Oil Report: Markets on a knife edge Macro & Oil #119 In the latest EnergyScan podcast, Olivier Gasnier tells us that the sharp fall in equity markets and oil prices reflects major concerns about global growth and growing impatience with central banks, which are embarking on a new…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
September 3, 2024

Macro & Oil Report: Rate cuts are coming

Macro & Oil Report: Rate cuts are coming Macro & Oil #117 In the latest EnergyScan podcast, Olivier Gasnier tells us that The Fed is preparing to cut rates in September, and the ECB is likely to follow suit. The Fed’s goal is now to avoid causing an excessive slowdown…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
June 25, 2024

Macro & Oil Report: The noose is tightening on the eurozone

Macro & Oil Report: The noose is tightening on the eurozone Macro & Oil #110 With the economic recovery barely underway but already running out of steam, a simmering political crisis and a central bank forced to wait for the Fed to signal a rate cut, the outlook for the…
EnergyScan, ENGIE, ENGIE Gems, podcast, Macro, Oil
May 21, 2024

Macro & Oil Report: US economy: what we see and what we want to see

Macro & Oil Report: US economy: what we see and what we want to see Macro & Oil #105 In the latest EnergyScan podcast, Olivier Gasnier tells us that the US economic slowdown seems to be materialising faster than disinflation, rather than the reverse, as the US stock markets seem…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
March 4, 2024

Macro & Oil Report: A deceptive trend reversal in rates

A deceptive trend reversal in rates Macro & Oil #94 In the latest EnergyScan podcast, Olivier Gasnier talks about misleading signals. According to him, The drop in the manufacturing ISM index does not call into question the temporary nature of the US slowdown, and the too-high euro area core inflation…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
February 12, 2024

Macro & Oil Report: Markets continue to adjust to the new interest rate scenario

Markets continue to adjust to the new interest rate scenario Macro & Oil #90 Rates continue to rise as we await January’s US inflation figures tells us Olivier Gasnier in the latest EnergyScan podcast. Another key week ahead… Listen here Share this news : Check our latest post January 17, 2024 Gas…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
February 5, 2024

Macro & Oil Report: Prospects for a rate cut in the US seriously shaken

Prospects for a rate cut in the US seriously shaken Macro & Oil #89 There are three main lessons to be learned from the past week tells us Olivier Gasnier in the latest EnergyScan podcast: 1) the Fed’s rate cut looks increasingly doubtful; 2) the US/eurozone growth gap is widening; 3)…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
January 22, 2024

Macro & Oil Report: The comeback of “Higher for longer”?

The comeback of “Higher for longer”? Macro & Oil #86 The prospect of a rapid rate cut by central banks is receding in the US and Europe, but with radically different effects on the markets, reflecting very contrasting economic situations tells us Olivier Gasnier in the latest EnergyScan podcast.  Listen…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
January 15, 2024

Macro & Oil Report: Markets more than ever awaiting Fed rate cuts

Markets more than ever awaiting Fed rate cuts Macro & Oil #84 The bias with which the markets reacted to the various US price statistics says a lot about their dependence on rate cuts, says Olivier Gasnier in the latest EnergyScan podcast.  Listen here Share this news : Check our…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
January 8, 2024

Macro & Oil Report: Markets full of doubts

Markets full of doubts Macro & Oil #83 The euphoria of late 2023 has given way to doubts: what if the Fed does not cut rates as much as hoped in 2024? In the latest EnergyScan podcast, Olivier Gasnier looks back on a rather gloomy start to the year on the markets.…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
November 27, 2023

Macro & Oil Report: Hesitation

Hesitation Macro & Oil #78 In the latest EnergyScan podcast on Macro & Oil, Olivier Gasnier explains that the markets are optimistic about a possible US soft landing, while business sentiment seems to stabilise in Europe. But the indicators are mixed and the Chinese property crisis is back in the spotlight.…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
November 21, 2023

Macro & Oil Report: The perfect scenario?

The perfect scenario? Macro & Oil Podcast #76 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier explains that the ideal scenario of disinflation and soft landing seems to be taking shape, but that the risks of things not going according to plan have not disappeared.  Listen…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
May 9, 2023

Macro & Oil Report: Fed & ECB – similar decisions, different outlook

Macro & Oil Podcast #42 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier looks back at the rate hike announced by the Fed and ECB last week. Behind the identical decisions (25bp rate hikes), we can see a rather different discourse reflecting uncertainty about the…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
April 25, 2023

Macro & Oil Report: “But” is the key word

Macro & Oil Podcast #41 There were few marked variations in the markets last week, with the notable exception of the decline in oil prices, which is mainly explained by a rise in fears of recession. However, Olivier Gasnier tells us that the situation is far from clear, as the…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
April 17, 2023

Macro & Oil Report: Already less growth but still too much inflation

Macro & Oil Podcast #39 Despite the recovery in China, the IMF is expressing fears about global growth and the Fed is raising the prospect of a “mild recession”. But in this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier tells us that central banks are probably…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
April 11, 2023

Macro & Oil Report: Increasing signs the US economy is sliding into recession

Macro & Oil Podcast #37 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier talks about the accumulation of economic indicators suggesting that the US economy is sliding into recession. Does this mean that central bank rate hikes are over? For the Fed, that moment is…
EnergyScan, podcast, ENGIE, ENGIE Gems, Macro, Oil, Energy
March 27, 2023

Macro & Oil Report: Between inflation and banking crisis

Macro & Oil Podcast #33 In this week’s Macro & Oil EnergyScan podcast, Olivier Gasnier tells us about the two opposite trends sweeping the Global Economy at the moment : loss of confidence due to the banking crisis and fears of recession? Or economies doing well and therefore still enough…
ES-oil
July 4, 2022

OPEC produced less crude in June

On Friday oil benchmarks ended the week on a gain: ICE Brent front month climbed by 2.4%, to settle at $111.64/b while NYMEX WTI traded 2.5% higher and closed at $108.43/b. This was a low-volume day, ahead of a 3-days weekend in the US. This bullish market came as traders…
ES-oil
July 1, 2022

Oil price declined, back to last week level

At the end of a volatile day, oil closed lower. ICE Brent for September delivery (the new front month) settled at $109.03/b, that is a 3.0% loss. And, NYMEX WTI moved -3.7% to $105.76/b. OPEC+ ambassadors decided to raise output quota by 648kb/d in August, in line with expectations. This was the…
ES-oil
June 30, 2022

After two weeks, EIA is back and drives prices lower

On Wednesday, oil benchmarks slid, ICE Brent for September delivery closed on a 1.2% loss at $112.45/b and WTI front month settled 1.8% lower to $109.78/b. During the first half of the day, oil gained ground (WTI traded at +2.0% ) but when the Energy Information Administration published its report for two…
ES-oil
June 29, 2022

Oil continued to climb

Yesterday oil benchmarks went up: ICE Brent traded 2.5% higher at $117.58/b. While, NYMEX WTI price moved up by 2.0% to $111.76/b. A bullish factor was the final communiqué of the G7 meeting, in which leaders decided to work on a plan to cap the price of oil exported by Russia.…
ES-oil
June 28, 2022

G7 summit push prices higher

Oil prices moved up yesterday : ICE Brent settled at $115.09/b making a 1.7% gain. And NYMEX WTI front month closed at $109.57/b, that is 1.8% higher. Prices jumped on the G7 summit at Elmau, where country leaders are talking about new sanctions against Russia. Russian oil industry is in…
ES-oil
June 27, 2022

G7 leaders talk about Russian Oil

On Friday oil benchmarks moved up. ICE Brent gained 2.8% to settle at $113.12/b, while NYMEX WTI front month went 3.2% higher and closed at $107.62/b. This move can be seen as a rebound, after the recent decline of oil prices due to the macroeconomic outlook. Indeed, the market is tight with…
ES-oil
June 24, 2022

Oil price continued to drop

On Thursday, oil prices were down. ICE Brent front month moved 1.5% lower to settle at $110.05/b and NYMEX WTI went 1.8% down to settle at $104.27/b. Yesterday was a choppy trading session, oil market did not have a clear trend and moved up and down, between $102.32/b and $/b107.05…
ES-oil
June 23, 2022

Rates continue to drag oil price

Oil prices slid on Wednesday. ICE Brent front month price went -2.5% down to settle at $111.74/b. And, NYMEX WTI closed at $106.19/b making a -3.2% decline. Again, it is the risk of an economic slowdown in the coming months (due to the monetary tightening in developed countries and the…
ES-oil
June 22, 2022

Oil stable yesterday, falls this morning

Yesterday, oil continued to climb back, NYMEX WTI contract for August delivery (now the front month), that did not trade on Monday, gained +1.4% to settle at $109.52/b. And ICE Brent front month moved 0.5% up to end the session at $114.65/b. Last week price drop, caused by the decision…
ES-oil
June 21, 2022

Oil rebounded and volumes were low

On Monday, ICE Brent front month price went 0.9% up, closing at $114.13/b. Due to a public holiday in the US, there was no settlement on NYMEX WTI. After the high volatility seen last week, the market is back to an undecided state. Fears related to the economic outlook represents a bearish factor…
ES-oil
June 20, 2022

Oil prices fell heavily on Friday

Oil slumped on Friday: ICE Brent front month dove by 5.6%, to settle at $113.12/b and NYMEX WTI plunged by 6.8% to reach its lowest closing price since May 12, at $109.56/b. The sell-off was not driven by a new event, but is rather the result of the degradation of the…
ES-oil
June 17, 2022

Russia and Iran erased previous losses

Yesterday was a choppy session for oil, at the end prices went up: ICE Brent front month moved +1.1% higher to $119.81/b and WTI NYMEX for July delivery traded +2.0% higher at $117.58/b. During the session, the lowest trading level for Brent was $115.56/b (-3.3%), it reflects the concerns following…
ES-oil
June 16, 2022

Oil fell on short term outlook

Yesterday, oil prices closed in red territories: ICE Brent front month closed at $118.51/b, making a 2.2% loss while NYMEX WTI for July delivery went 3.0% down to settle at $115.31/b. The US Fed decision to hike rate by 75bp (see this news) fueled fear for economic growth and thus oil…
ES-oil
May 24, 2022

Bullish and bearish forces compensated, oil was stable

Oil started the week stable: on ICE, Brent front month price went 0.7% up to $113.42/b. On NYMEX, WTI for July delivery was stable: settling $0.01 higher at $110.29/b. Lingering worries about the state of the economy in the coming months, with a risk of recession that would reduce oil demand,…
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