In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Dan Veasey as we see extreme heat in Southern Europe.  Topics explored include:   Not much response in pricing to extreme heat, although there is some reduced capacity of the French nuclear fleet. Demand has increased in southern Europe, but there is significant renewables generation to counter that right across Europe. The variability of renewables and the impact on the management of grid. Norwegian gas production increases following the return of a major processing plant. Further maintenance l ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Henry Homer as we return to equilibrium, but the fragile balance of supply and demand is causing challenges across Europe.  Topics explored include:   We return to equilibrium, but hydro and nuclear capacity remain a risk. Renewables have improved and softened markets, but being intermittent present a challenge to stability without the appropriate storage technology to better manage grid supply. Demand destruction is coming to the fore, with natural gas demand in May 23 25% down on average ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Henry Homer about why Europe is not out of the woods in energy price concerns.  Topics explored include: Complacency reigns following the price plunge, as gas price spike highlights market risks. Focus on structural dangers to manage price risk. Storage in Europe is not up to the challenge of a cold winter. The recent spike caused by minor issues only – extended maintenance in Norway and demand from Asia. Renewables are supporting the market, but intermittent production due to weather creates a volat ..read more

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Dan Veasey about the return of energy market price volatility.  Topics explored include:   Power market balancing met by coal generation with nuclear reactors offline and demand increases with warmer weather.  Reductions in LNG arrivals indicates a general slowdown of deliveries as Asia becomes a more attractive destination.  Volatility returns after months of falling prices.  The state of the global economy puts downward pressure on oil prices.  Despite plans to diversify s ..read more

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