EUROPE GAS-European Gas Prices Stable as US-Iran Peace Talks conclude
Dutch and British wholesale gas prices were stable on Thursday morning after Qatar said Iran and the U.S. made progress in indirect discussions focused on the Strait of Hormuz, while low gas storage levels continue to support the market. ICE data revealed that the benchmark Dutch front-month contract was EUR1.0016 higher at EUR43.795 per megawatt hour (MWh)…
Germany warns that the EU methane law could disrupt jet fuel supply
Germany, Europe's largest gas market, warned that EU plans to regulate methane emissions for oil and gas imports could disrupt jet fuel supply, already under pressure from the Iran War's energy shock. The?European?Union?will require monitoring and verifying methane emission for fuel deliveries into the bloc.
US EIA admits Middle East supply disruptions far worse than previous estimates
The U.S. 'Energy Information Administration' revised its forecasts on Tuesday to reflect a larger and longer hit to global?oil supply from the Iran War than they had previously projected. This highlights the uncertainty which has been roiling broader energy markets ever since the conflict started three months ago.
Can Big Tech survive the energy squeeze with profits that are 'AI-or-die'? McGeever
Last week, Kristalina Georgeeva, Managing Director of the International Monetary Fund, spoke to a panel during the IMF/World Bank Spring Meetings in Washington about the challenges facing businesses, industries and economies across the globe, given the 'transformative power' of artificial intelligence. Her remarks also apply to the stock exchange. U.S.
Sinopec will increase Bohai Bay Shale Oil as a backup to maintain output
Sinopec, the Chinese oil company, will increase shale oil production in the Bohai Bay basin following a successful pilot. The resources gained from this project will be used to sustain oil production for a longer period of time, according to its chairman. Sinopec has pumped 7.3 million barrels of…
Prices drop due to lower gas prices and more nuclear
On Monday, the German baseload contract for 2027 dropped as European benchmark gas fell. Several nuclear reactors?returned to operation at the weekend and more are expected to?restart?this week. At 0934 GMT the German baseload price for the year ahead was down 1.2% to 83.90 euros per megawatt hour…
Carbon prices continue to fall amid investor selling
European carbon contracts continued to lose ground on Thursday, falling below the mid-December level due to new liquidations of speculative positions. Benchmark European carbon permits fell 2.3%, to 84.58 euro ($101.23) per metric tonne as of 0919 GMT. Carbon prices dropped?on Wednesday?as speculative investors began to sell out their long positions.
French baseload prices jump as the wind is expected to decrease, German prices lag
The French baseload contract increased on Tuesday as a result of expectations for lower wind power, higher demand, and a strike in the country's coal-fired power plants. Meanwhile, it is expected that the German market will?fall. LSEG data shows that the French day-ahead power contract jumped by 30.6% at 0929 GMT to?128 euros ($151.91) a megawatt hour.
German Front-year is impacted by the warmer weather and tariff threats
Early trading on Monday saw forward-curve power contracts fall, following the decline in gas and carbon contracts due to warmer weather forecasts as well as?geopolitical concerns over tariffs. German baseload for the year ahead fell 4.2% at 0936 GMT to 84.20 Euros ($97.80) per megawatt-hour, following falling gas and carbon prices.
German contracts benefit from rising gas and carbon prices
German power contracts for the year ahead traded higher on Friday. They followed gains in carbon permits and gas contracts, as temperatures are forecast to be below average for the rest of January. By 0855 GMT, the German baseload year-ahead rose by 0.9% to 87.9 euros ($101.12 per megawatt-hour). The French equivalent has not yet started trading following its?closing?
EUROPE GAS - European benchmark reaches 14-week high due to cold weather and LNG risk
The benchmark European gas contract reached a new 14-week high Thursday morning. Cold weather is expected to continue through the end of the month, which will increase demand and deplete storage sites. However, concerns remain over the supply of liquefied gas (LNG). LSEG data revealed that the benchmark…
German spot prices are impacted by lower demand on Monday
German power prices will likely fall on Monday as a drop in wind power production is expected to be offset by a lower consumption. LSEG data showed that the German and French Monday baseload 'power contracts' were not traded by 8:40 GMT on a Friday. LSEG data shows that German wind power production is expected to drop by 2.4 gigawatts to 26.3 GW Monday.
Gas prices to drop next week due to warmer weather
The wholesale gas prices in the Netherlands and Britain fell on Wednesday morning, as forecasts of warmer weather next week reduced demand. LSEG data revealed that the benchmark Dutch front-month contract for the TTF hub had fallen 0.29 euros to 31.12 Euros per Megawatt Hour (MWh), or $10.55 /mmBtu by 0942 GMT.
German Wind seen increasing on Monday as Demand Falls
On Monday, Germany will have a strong wind supply and lower electricity demand. In France, the demand is also predicted to fall at a rate slightly greater than that of wind output. LSEG data showed that the German and French baseload power contracts for Monday were not traded by 0921 GMT Friday.
Zelenskiy: Ukraine has the funds to import 70% of the gas needed for this winter.
The President of Ukraine, Volodymyr Zelenskiy, said that Ukraine has secured funds to purchase 70% of its natural gas needs for this winter. He also stated that the Ukrainian Government would cover the remaining funding. He appeared to be reassuring Ukrainians that they will have enough energy this winter…
The price of gas in Europe has fallen as the milder weather reduces demand
Dutch and British wholesale prices of gas fell on Monday as a result of a weaker heating and electricity demand, despite stable supply. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.31 euros at 31.59 Euro per megawatt hour or $10.77/mmBtu at 0912 GMT. The Dutch December contract is down by 0.24 euros at 31.99 Euro/MWh.
French Protest Boosted by Wind Production Slump
On Wednesday, the French spot electricity rate for Thursday increased amid lower expectations of wind generation in the entire region. French baseload day-ahead rose by 90% to 38 Euros per megawatt hour (MWh), as of 0819 GMT. The German baseload day-ahead was not traded. The contract was closed at 66.25 euro/MWh on Tuesday.
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise.The U.S. is the world's largest oil and natural gas producer…
Russell: EU's promise of $250 billion in US energy imports from the US is delusional
The framework agreement with the European Union has strong echoes from Donald Trump's failed deal with China during his first term as U.S. President. Trump and EU Commission president Ursula von der Leyen made the announcement of a 15% tariff for U.S. goods imported from the EU on Sunday at the golf course where the U.S. President plays in Scotland.
Russell: EU's promise of $250 billion in US energy imports from the US is delusional
The framework agreement with the European Union has strong echoes from Donald Trump's failed deal with China during his first term as U.S. President. Trump and EU Commission president Ursula von der Leyen made the announcement of a 15% tariff for U.S. goods imported from the EU on Sunday at the golf course where the U.S. President plays in Scotland.