In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Dan Veasey as near-term energy prices continue to fall, the risk to LNG supply from the US and demand from Asia arises. Topics explored include: UK renewable assets lower demand for gas, seeing exports to Europe where prices are at a premium. Responding to falling LNG prices, Asian buyer demand tentatively returns to the market. If prices continue to decline the US may reduce LNG shipments. Structurally the UK and Europe may remain uncompetitive for manufacturing for some time. This episode of the Resona ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Henry Homer as prices fall, discussing the innate risk of a single source of supply for gas.  Topics explored include:  Structural issues effecting European markets remain.  The 3 pillars – weather, LNG and storage.  TTF prices falls, but only for near term spot and month ahead purchases.  LNG remains structurally more expensive, while east Asia switches to alternative supplies, for now.  Will that change when LNG prices reach a pivotal level?   Water levels are a c ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Daniel Veasey as prices soften ahead of the summer.  Topics explored include:   Softening of near-term pricing while winter prices hold.  Economic data impacts oil prices, despite OPEC cuts.  With LNG delivery at record levels, do falling prices risk supply being diverted to Asia?  While supported in recent weeks with increased rainfall and wind power generation, sensitivities around the impact of a mild winter on hydro remain.  If the Russia and Ukraine war escalates, risk ..read more

In this week’s Resonance energy market podcast episode, as markets plateau, Jeremy Nicholson talks to Alfa’s Henry Homer about the structural dangers that remain and the risk of a rapid return to higher prices.   Topics explored include: As we enter Q2 we see a more supply-based market where equilibrium is returning. Joint European energy purchasing raised during the height of the energy crisis subsides, for now.  With shocking prices over the energy crisis, many buyers wonder if they should wait or move now on contracts, prices, and where.  A supplier market remains, but what ..read more

In this week’s Resonance energy market podcast episode, as markets plateau, Jeremy Nicholson talks to Alfa’s Henry Homer about the structural dangers that remain and the risk of a rapid return to higher prices.   Topics explored include: As we enter Q2 we see a more supply-based market where equilibrium is returning. Joint European energy purchasing raised during the height of the energy crisis subsides, for now.  With shocking prices over the energy crisis, many buyers wonder if they should wait or move now on contracts, prices, and where.  A supplier market remains, but what ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Daniel Veasey about the recent volatility in energy markets and what that might mean for the remainder of 2023.    Topics explored include: Banking crisis triggered a sell-off in oil, followed by OPEC taking the market by surprise with planned cuts in production  Power and gas volatility caused by French strikes and cold weather in the short-term  A warning of big swings in prices over the next 6 months  Maintenance season to begin with concerns over the likelihood of French nucl ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Henry Homer about energy markets, the current equilibrium, and the supply risks ahead in 2023.   Topics explored include:  Weather, storage and LNG find a new equilibrium for European prices, for now.  A lack of snow and rain brings challenges for Europe’s hydro power.  Considering the impact of the French nuclear fleet had on the dramatic fall in prices, what does the state of an aging fleet mean for European power prices?  Does the reliance on LNG mean high prices for gas w ..read more

In this week’s Resonance energy market podcast Jeremy Nicholson talks to Alfa’s Daniel Veasey about energy prices today and ahead, with significant falls in prices of gas and electricity over the last 6 months.   Topics explored include: The impact on risk premiums - Storage at record highs across Europe for the time of year, demand destruction, energy efficiencies and strong LNG supplies contribute.  European energy prices remain high in the global arena, impacting business competitiveness.  Despite the cold snap in northern Europe and a tightness in power generation, there i ..read more

For our first Resonance energy markets podcast of the year, Jeremy Nicholson talks to Nicola Pollard, Energy Markets and Risk Manager at Alfa Energy Group, about the extraordinary events of 2022, looking ahead to 2023 and beyond. Topics explored include: Storage and market mechanism issues, tensions and the subsequent invasion of Ukraine Government market interventions across the UK and Europe and the energy crisis pushing prices to unsustainable levels for business operation The need to focus on security of supply LNG, a saviour to supplies in 2022, but at what cost and what issues need to b ..read more

In this week’s Resonance energy market podcast Jeremy Nicholson talks to Alfa’s Jason Durden about European energy markets and pricing, aspoliticians signal intervention in the energy crisis. Topics explored include: OPEC+ send a signal to the market as prices have fallen since June. Volatility reigns as political intervention talks are planned. The reality of the challenge facing businesses is essential to address now to avoid economic catastrophe. What about carbon as the crisis is fought with increased fossil fuel generation? How does the new UK government manage the current crisis, withou ..read more