EnergyScan Podcasts

March 21, 2025

Macro & Oil Report: Germany puts budgetary austerity on hold and drags Europe in its wake

Macro & Oil Report: Germany puts budgetary austerity on hold and drags Europe in its wake March, 21 2025 Macro & Oil Faced with the possible loss of American protection, Europe must take back its defence. Germany has just initiated a historic change by proposing a colossal spending plan that…

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.…

March 4, 2025

Gas & Power Report: Rollercoaster ride for European energy markets

Gas & Power Report: Rollercoaster ride for European energy markets February, 28 2025 Gas & Power February saw a rollercoaster ride for European energy prices, with gas and power markets experiencing significant volatility. Key drivers included mild weather, geopolitical developments and easing concerns on gas storage filling targets. Tune in…

February 18, 2025

Macro & Oil Report: The keys to a better understanding of the oil market in 2025

Macro & Oil Report: The keys to a better understanding of the oil market in 2025 February, 18 2025 Macro & Oil In this EnergyScan podcast, we take a quick tour of the oil market and give you the keys to better understand how it works and try to anticipate…

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…

January 31, 2025

Gas & Power Report: European energy prices at 15-month highs

Gas & Power Report: European energy prices at 15-month highs January, 31 2025 Gas & Power No respite for energy markets in January! In this weekly Gas & Power podcast, Julien Hoarau comes back on the new rally in European gas and CO2 prices, on the back of temporary gas…

January 20, 2025

Gas & Power Report: Bumpy start for energy markets in 2025

Gas & Power Report: Bumpy start for energy markets in 2025 January, 16 2025 Gas & Power In this first Gas & Power podcast of the year, Julien Hoarau discusses the many events that have shaken energy markets recently: the end of Russian gas transit through Ukraine, temporary gas supply…

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.…

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…

December 20, 2024

Gas & Power Report: What to retain from 2024 and what to expect in 2025 for energy markets?

Macro & Oil Report: Review of 2024 and outlook for 2025 December, 18 2024 Gas & Power For the last Gas & Power podcast of the year, Julien Hoarau sums up the main events and trends of the past twelve months and the outlook for 2025 on energy markets. The…

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…

December 10, 2024

Gas & Power Report: The upward trend is running out of steam

Gas & Power Report: The upward trend is running out of steam December, 6 2024 Gas & Power November saw European gas and power prices spike, driven by lower LNG imports, lower RES power generation and rising demand compared to a year ago. Julien Hoarau discusses the dynamics behind these…

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…

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…

November 25, 2024

Macro & Oil Report : Tensions in Eastern Europe push up the dollar and oil prices

Macro & Oil Report: Tensions in Eastern Europe push up the dollar and oil prices November, 25 2024 Macro & Oil In the latest EnergyScan podcast, Olivier Gasnier explains why the dollar and oil prices are rising at the same time. Listen here Share this news : Check our latest…

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…

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…

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 &…

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…

September 6, 2024

Gas & Power Report: European energy markets back to bearish mood after a hectic summer

Gas & Power Report: European energy markets back to bearish mood after a hectic summer Gas & Power #118 In this week’s Gas and Power podcast, Julien Hoarau discusses the strong bullish move of energy prices this summer on the back of heightened geopolitical risks. But higher than expected nuclear…

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…

July 9, 2024

Macro & Oil Report: Faced with political uncertainty, the markets are relying on hopes of a rate cut

Macro & Oil Report: Faced with political uncertainty, the markets are relying on hopes of a rate cut Macro & Oil #113 The political outlook is not the clearest in the US and France, but the markets prefer to judge that the worst has been avoided and reassure themselves with…

July 5, 2024

Gas & Power Report: Energy markets in a wait-and-see mood

Gas & Power Report: Energy markets in a wait-and-see mood Gas & Power #112 In this week’s Gas and Power podcast, Julien Hoarau comes back on the main moves of the past few weeks across gas and power markets. Spot power prices continue to show strong volatility in Europe amid…

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…

May 30, 2024

Gas & Power Report: Gas supply concerns are back to fore, French spot power prices sink again

Gas & Power Report: Gas supply concerns are back to fore, French spot power prices sink again Gas & Power #106 In this week’s Gas and Power podcast, Julien Hoarau discusses about the recent increase in wholesale gas prices in Europe following news of a potential cut in remaining Russian…

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…

April 23, 2024

Macro & Oil Report: Rising interest rates and falling oil prices despite the conflict between Israel & Iran

Macro & Oil Report: Rising interest rates and falling oil prices despite the conflict between Israel & Iran Macro & Oil #101 Who would have thought that a direct confrontation between Israel and Iran would lead to a fall in the price of oil and a rise in US Treasury…

April 3, 2024

Electricity Market Design reform – Episode 3 – Impacts on short-term markets

Macro & Oil Report: United States – Euro zone: interest rate scenarios put to the test Macro & Oil #99 For some time now, the prospect of simultaneous rate cuts by the Fed and the ECB has made little sense given the respective economic situations of the two blocs. In…

March 28, 2024

Gas & Power Report: Diverging paths for energy prices ahead of the shoulder season

Gas & Power Report: Diverging paths for energy prices ahead of the shoulder season Gas & Power #98 A consensus seems to be forming in favour of a general cut in central bank rates in June tells us Olivier Gasnier in the latest EnergyScan podcast. But signs of a pick-up…

March 25, 2024

Macro & Oil Report: Central bank rate cuts: hope revives, but caution remains

Central bank rate cuts: hope revives, but caution remains Macro & Oil #97 A consensus seems to be forming in favour of a general cut in central bank rates in June tells us Olivier Gasnier in the latest EnergyScan podcast. But signs of a pick-up in economic activity and persistent…

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…

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…

February 6, 2024

EMD Reform – Episode 1 – The Key Features

EMD reform – episode 1 – the key features  Special Episode #1 This week, we kick off our talks on regulation and market design with a series of three podcasts dedicated to the EU’s Electricity Market Design reform. In this first episode, Zélie Gautier talks about the main features of…

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)…

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…

January 17, 2024

Gas & Power Report: Energy prices shrug off winter chill and move further down in Europe

Energy prices shrug off winter chill and move further down in Europe  Gas & Power #85 Despite a cold snap hitting Europe, wholesale gas and power prices continue to fall in January. Comfortable supply fundamentals, subdued demand and favorable weather forecasts contribute to the decline but geopolitical risks remain in…

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…

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.…

November 30, 2023

Gas & Power Report: Bears in charge of energy prices in Europe

Bears in charge of energy prices in Europe Gas & Power #79 In this week’s Gas and Power podcast, Julien Hoarau discusses about the drop in wholesale energy prices in Europe despite the onset of the first cold winter weather episode. Is this bearish trend backed by fundamentals and is…

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.…

November 23, 2023

Gas & Power Report: Energy prices still find resistance on the downside in Europe

Energy prices still find resistance on the downside in Europe Gas & Power #77 In this week’s Gas and Power podcast, Julien Hoarau discusses about the slowly decreasing risk premium in energy prices in Europe despite a comfortable supply/demand balance in the short term and about recent developments on the…

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…

May 17, 2023

Gas & Power Report: Energy prices remain under bearish pressure in Europe

Gas & Power Podcast #45 In this week’s Gas & Power podcast, Julien Hoarau discusses about the reduction of the contango on the EU as curve and the further drop in spot gas and power prices amid weak energy demand and comfortable gas stock levels in Europe. Listen here Share…

May 15, 2023

Macro & Oil Report: The rebound in the dollar exacerbates the fall in the oil price

Macro & Oil Podcast #44 In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier explains why the dollar has just rebounded to its highest level in two months as the US economy sends worrying signals and the Fed may have completed its rate hike. The dollar…

May 10, 2023

Gas & Power Report: Gas prices continue to ease in Europe

Gas & Power Podcast #43 In this weekly podcast for Gas & Power, we discuss about the continuation of the bearish trend in European gas prices as well as the volatility in power prices following the confirmation of EDF’s nuclear production target for 2023. Listen here Share this news :…

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…

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…

April 19, 2023

Gas & Power Report: Muted demand and comfortable stocks to weigh on energy prices

Gas & Power Podcast #40 In this week’s podcast, Julien Hoarau discusses about recent trends in wholesale energy markets, with muted demand, global macroeconomic factors, and maintenance programs affecting prices. A stable to bearish sentiment prevails globally. Listen here Share this news : Check our latest post January 23, 2023…

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…

April 12, 2023

Gas & Power: Energy markets looking for a direction after the Easter break

Gas & Power Podcast #38 In this week’s podcast, Julien Hoarau discusses the recent decline in global coal prices due to weak demand and the significant increase in the risk premium for French power prices amid concerns over thermal cracks and stress corrosion issues at French nuclear plants. Listen here…