With Brent crude at multi-year highs, market participants are wondering how long its recent gains can last. ICIS crude oil expert Julien Mathonniere discusses his key price drivers to watch, from OPEC production cuts to US shale production and much more.
Click here to read Julien's full insight piece.
On 8 January, the Netherlands’ Groningen region was hit by its largest earthquake since 2012, prompting fresh questions around production levels from Europe’s largest onshore field. Gas market experts Tom Marzec-Manser and Alex Thackrah discuss the implications of the earthquake on European gas prices and on future production from the asset.
The UK gas and electricity markets entered 2018 amid major events – some expected, some less so – that will influence supply security for the rest of this winter. And this came against the backdrop of the energy market’s low carbon transition, with 2018 a key year as the pursuit of 2020 EU targets continues apace. ICIS UK gas expert Thomas Rodgers and UK power expert Henry Evans look at how the market is gearing up to handle these stresses – both short- and long-term – in 2018.
The close correlation that normally characterises the relationship between European gas and power contracts disappeared in November, with the Dutch gas TTF Year+1 and German power Year+1 contracts showing no discernible correlation. ICIS energy experts Ellie Chambers, Alex Thackrah and Herman Moestue discuss how the French ARENH mechanism has prompted this disconnection and whether prices will reconnect in the months ahead.
Coming into the first half of winter, there are signs that the Czech and Hungarian markets could be more bearish in the first quarter than previously thought. In this podcast, ICIS experts Ellie Chambers and Jamie Stewart discuss the changes to the outlook and why drivers are more mixed for the second half of winter.
A decision by the Netherlands’ highest administrative court to reject plans to cut production at the Groningen gas field, but to retain the current cap on output is just one legal decision in recent weeks to impact Europe’s gas markets. In this podcast, ICIS experts Tom Marzec-Manser and Ben Samuel discuss how this case and other legal disputes, such as the upcoming verdict on the Gazprom-Naftogaz arbitration case, are changing the gas trade landscape around the continent.
Reform of the European carbon market was finally agreed early on the morning of Thursday 9 November. In this podcast, ICIS experts Will Peck and Jamie Stewart discuss the immediate outlook for emissions and electricity prices, and look further ahead at how high the carbon price will go, and where it might meet resistance.
On Thursday, Lithuania and Luxembourg agreed a statistical transfer of renewable energy in the first such deal seen in the EU.
ICIS experts Matthew Jones and Ellie chambers discuss how statistical transfers work and the implications the deal may have for other countries struggling to reach their 2020 renewable targets.
Governments across Europe are coming under increasing pressure to phase-out coal-fired capacity both to meet decarbonisation objectives and to reduce the impact of emissions on their citizens’ health. ICIS experts Jamie Stewart and Matthew Jones discuss coal phase-out plans in Europe, with particular focus on recent developments in the Netherlands, UK, France and Germany.