Asian spot LNG prices have traded at record highs in early January, just months after hitting record lows last summer. European gas markets are also trading much higher in early 2021. Global LNG Editor Ed Cox talks to LNG reporters Hendrian Sukardi and Daniel Stemler on what’s caused the increases and what could come next.
Christmas impacts commodity markets right across the supply chain. From plastics used in toy production and how much jet fuel Santa needs, to patterns in energy markets on Christmas Day. The ICIS team brings together its expertise across markets for this special Christmassy episode, featuring valuable insight especially for Santa as he prepares to make his annual journey.
To decarbonise European energy, the EU is betting on offshore renewables. A recent strategy document showed the European Commission intends to sharply increase the bloc’s offshore wind power capacity, setting a 60GW target by 2030 and a 300GW goal for 2050. But is such ambition really within reach? ICIS market reporter Federica Di Sario gets the expert’s take from ICIS analyst Roy Manuell
Balance in the crude oil market remains under threat as US production breaks 11m bbl/day and OPEC+ decides to increase output by 500k bbl/day from January. A widespread distribution of a vaccine to coronavirus is a light at the end of the tunnel but comes with its own hurdles. ICIS global oil editor Sophie Udubasceanu, deputy global oil editor Richard Price are joined by PVM’s senior analyst Tamas Varga to discuss the market’s challenges in 2021.
The supply picture for global crude oil markets in 2021 became clearer as the last chess piece fell into place with OPEC+ announcing they were gradually winding down their output cuts agreement. ICIS oil experts Sophie Udubasceanu and Richard Price are joined by senior oil analyst from Commerzbank Carsten Fritsch to discuss the next year’s outlook.
LNG analyst Alex Froley and senior reporter Clare Pennington share their views on the growing trend of carbon neutral cargoes, how companies are each taking their own approach, and what growth in the carbon market might look like in future years, as demand and regulation on methane slip is expected to widen.
Ongoing discussions around stricter carbon emission reduction targets are set to impact the direction EU ETS carbon prices are heading. ICIS energy expert Federica Di Sario and ICIS analyst Sebastian Rilling discuss the potential outcomes of a 55% and 60% reduction on the EU ETS.
The coronavirus has levelled the aviation industry. However, this hard-to-decarbonise sector now has a chance to build back greener. One way of achieving this is by introducing hydrogen as a new, cleaner jet fuel. In this interview, energy market expert Jake Stones speaks to Julian Renz, business development manager for hydrogen aviation company ZeroAvia, to find out the intricacies of what’s involved in getting hydrogen planes to take flight.
The global oil markets closely followed the US election with the new administration set to bring in a more environmentally-friendly agenda and steps towards transition to clean oil. While a stable management in Washington will lead Investors to move away from the dollar as a safe haven towards more risky ventures. Senior oil editor Ignacio Sotolongo and Global oil editor Sophie Udubasceanu discuss the main challenges for crude oil.
Joe Biden’s tone on US LNG is broadly positive but sources are keen to understand how future environmental legislation may affect upstream US gas supply and prices.
Global LNG Editor Ed Cox, Americas Editor Ruth Liao and Americas reporter Fauzeya Rahman discuss the outlook for US LNG in the short and long term.