Chart Deck
Spreads blow out
Atlantic LNG is heading east. EU storage refill is falling behind. And TTF keeps stalling below €50/MWh. This week’s Chart Deck explains why this apparent equilibrium is as soft as melting butter.
The Energy Flux Podcast
Countdown to the Commodities Crunch
🎧 The looming macroeconomic shock, ballooning winter risk for EU gas markets, demand destruction & post-Hormuz narrative whipsaw
Chart Deck
The slow grind higher
The gas market is no longer pricing a clean Hormuz reopening. It is pricing something messier: conditional transit, shifting LNG flows, nervous funds, and a shortfall in European gas storage injections.
Guest post
Crossing the Hormuz chasm
The fragile bridge back to molecular normality is fraying
Chart Deck
The post-Hormuz cliff edge
Prolonged closure jacks up near-term volatility, and sets the stage for an abrupt reversal: macroeconomic shock + demand destruction + new LNG supply wave
Chart Deck
The shock absorber cracks
For 55 days, the war-shocked global LNG market has been balanced by Asian state buyers going without. One just said, enough is enough.
The Energy Flux Podcast
Groundhog Strait
🎧 US-Iran ceasefire extended, Hormuz still closed to LNG. Could the Strait dominate the US midterms? We created three new LNG supply scenarios to find out.
Chart Deck
A market at war with itself
Does the mispricing thesis still hold water? Either the data is wrong, or the market is.
Data model
Update to the Hormuz LNG supply model
Quick re-opening, or prolonged disruption? Model how Middle East diplomacy and conflict impact fast-changing global LNG supply balances, in our improved scenario engine.
Deep Dives
War vs. Glut: The Great LNG Reckoning
War shut in one of the world’s most critical export arteries. The long-promised supply wave is finally arriving. Which force wins, when, and by how much? Our new scenario data model brings clarity to the confusion.
The Energy Flux Podcast
The Pain Factor
🎧 Why markets anticipate a long Hormuz closure
Deep Dives
Hormuz on the brink?
Gunboat diplomacy, commodity shocks, and the price of escalation