European Gas Risk Premium is easing on hopes of a cease-fire agreement in the Middle East European gas prices eased in April so far as risk premium declined, supported by hopes of a ceasefire agreement in the Middle East, steadier balances, lower storage pressure, and lighter fund positioning. Since early April, European gas prices had continued to ease as the market risk…
DOWNLOAD OUR FULL REPORT The energy market in 2025 The energy market in 2025 In 2025, energy markets continued to normalise compared with the 2022 shock, yet volatility remained structurally higher than pre-crisis levels. Geopolitical tensions, shifting macro expectations and the growing weight of renewables in Europe reshaped price dynamics across oil, gas, power and…
DOWNLOAD OUR WHITE PAPER The Venezuelan Pivot This position paper examines the geopolitical and market implications of the recent U.S. intervention in Venezuela, a move that redefines regional oil flows and global energy dynamics. The operation, which resulted in the removal of Nicolás Maduro and U.S. control over Venezuelan oil infrastructure, comes after decades of structural…
DOWNLOAD OUR WHITE PAPER Gas and oil price spread: how could it evolve? Since 2022, gas prices in Europe and Asia have tended to trade more closely around oilprices.In this paper,we explore some of the substitution links that exist between oil and gas. While the substitutability tends to create a positive price correlation, we will…
TÉLÉCHARGEZ NOTRE DERNIER WHITE PAPER : ETS2 Ce white paper examine la conception, le fonctionnement et les implications du nouveau système d’échange de quotas d’émission 2 (ETS2), une politique phare du Green Deal pour l’Europe visant à accélérer la décarbonisation dans les secteurs du transport routier et du bâtiment. Après avoir brièvement rappelé le système…
