Chart Deck
Europe’s gold-plated energy crisis
Hedge funds cash in as winter scarcity fears ignite EU gas market
Chart Deck
Total eclipse of the market
European gas is trading in the fleeting umbra of an eerie calm. Eclipses always end — and this one ends in a searing winter burn
Chart Deck
The Hormuz Half-Life
Iran holds the valve, but it is worth less every time it turns... so Tehran is reaching for the gun.
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.