Energy Flux yearbook: 2020
Deep-dives written from the dour depths of lockdown
Member discussion: Energy Flux yearbook: 2020
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Gas industry goes to war over EU storage rules
Eurogas wants EU-wide storage targets to expire in 2027. GIE wants them to continue. Gasunie wants a strategic reserve. Brussels warns that botched intervention is a cure worse than the disease. They cannot all be right.
The Fog of Peace
The US says the war is over and Hormuz is open. Energy markets are desperate to agree. Here’s what we know, what we don’t, and why the next two months will be more dangerous than headlines suggest.
The market that cried peace
Credulous energy markets have stopped pricing Iran, and started pricing Trump’s presidential word salads instead. This cannot end well.
The ceiling softens
The hard risk budget cap keeping TTF below €50 has lifted. What remains is softer, stranger and harder to trade: a market with room to rally, but no-one willing to push through.