ENGIE EnergyScan

In this episode, Julien Hoarau and Olivier Gasnier take a step back from the headlines to assess the energy market consequences of the Iran–Israel conflict and the fragile ceasefire currently in place.   They explore how disruptions in the Strait of Hormuz have reshaped global oil, LNG and refined product markets, why price reactions have differed across regions, and what this crisis reveals about...

In this episode, Julien Hoarau and Paul Chavy unpack the sharp drop in EU carbon prices—EUAs falling more than 20% from mid‑January highs above €90/t. Together they explain how a barrage of political headlines, lobbying pressure, leaked documents, and renewed policy uncertainty disrupted what had been a strong structural bullish narrative. The discussion dives into the key reform flashpoints ahead...

Since 2022, gas prices in Europe and Asia have moved closer to oil prices due to supply constraints and fuel switching. This podcast dives into the key drivers behind this link: price indexation, producer strategies, industrial and transport substitutions, and the role of U.S. associated gas production. While market consensus expects gas prices to fall well below oil from 2026, we explore why this...

The EnergyScan podcast is back after the summer break! In this episode, Julien Hoarau discusses the stability of global gas prices ahead of the heating season. Relatively low inventories in Europe, weak demand in Asia and an uncertain geopolitical context are keeping market players in a wait-and-see mode. EUA prices are strong, supported by intense speculative activity. In the electricity market,...

In this Gas & power episode, we provide a mid-year review of the European energy markets with a short-term outlook: lingering tightness in the gas market, EUAs stabilizing and heading towards a tightening balance and the continuous fragmentation on the electricity market. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twi...

In this episode, we take a look at the recent volatility of the energy markets and, in particular, the roller-coaster impact of geopolitical events in the Middle East. Market players are now refocusing on the fundamentals: the difficult injection season on the natural gas market, the impact of the heatwave on electricity markets and the singular movements in carbon prices. Start your EnergyScan fr...

In the latest EnergyScan podcast, we discuss about the progressive increase in European gas prices over the past few weeks on the back of a challenging storage injection period. The electricity market remains particularly fragmented in Europe with large location spreads highlighting the combination of weak demand, local oversupply and grid constraints. Start your EnergyScan free trial and get more...

In the latest EnergyScan podcast, we take a look at the oil market. The trade war has driven prices down by around $10/b. OPEC's policy could push prices down further, but geopolitical tensions with Iran are currently preventing this.  Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan...

In this episode, we discuss the Iberian blackout on April 28th, the volatility in EU natural gas prices, examining factors like global trade dynamics, storage levels, and the EU's plan to phase out Russian gas by 2027. Finally, we break down the significance of the first trade on the new EUA2 futures market for the road transport and building sectors under the EU's net-zero strategy. Start your En...

In the latest EnergyScan podcast, Olivier Gasnier reviews the events that followed 2 April, ‘Liberation Day’. Analysis, insights and forecasts. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

Geopolitics took centre stage in European energy markets in March with hopes that a potential US-brokered peace deal in Ukraine will lift constraints on the Russian energy sector. But the gas storage filling trajectory remains a key topic as well, coal prices continue to decline while negative hourly power prices are already back in Western Europe. Julien Hoarau sums up the situation in this new G...

Faced with the possible loss of American protection, Europe must take back its defence. Germany has just initiated a historic change by proposing a colossal spending plan that is shaking up economic prospects. This is the theme of the latest EnergyScan podcast. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://...

There is much talk about the consequences of Donald Trump's economic policy on the United States' trading partners, but it is the US economy that is already showing signs of weakening. We show why in this EnergyScan podcast. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Co...

February saw a rollercoaster ride for European energy prices, with gas and power markets experiencing significant volatility. Key drivers included mild weather, geopolitical developments and easing concerns on gas storage filling targets. Tune in to hear Julien Hoarau break down the factors behind these dramatic price movements and what to expect next. Start your EnergyScan free trial and get more...

In this EnergyScan podcast, we take a quick tour of the oil market and give you the keys to better understand how it works and try to anticipate price movements. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

Geopolitics, tariffs, energy, the environment, public spending, monetary policy Donald Trump has already tackled many issues We take stock in the latest EnergyScan podcast. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

No respite for energy markets in January! In this weekly Gas & Power podcast, Julien Hoarau comes back on the new rally in European gas and CO2 prices, on the back of temporary gas and LNG supply issues, colder weather forecasts in Europe and Asia, a project of subsidies to boost German gas storage injections and lingering geopolitical uncertainties. Start your EnergyScan free trial and get mo...

In this first Gas & Power podcast of the year, Julien Hoarau discusses the many events that have shaken energy markets recently: the end of Russian gas transit through Ukraine, temporary gas supply issues, cold and calm weather conditions, and a new round of US sanctions against the Russian energy sector. Start your EnergyScan free trial and get more analysis and data on energy markets : https...

Still unthinkable just a few weeks ago, a Fed rate hike is becoming a possibility, and could do damage well beyond the United States, says Olivier Gasnier in the latest EnergyScan podcast. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

In the latest EneryScan podcast, Olivier Gasnier explains that the latest Fed meeting has brought back to the centre of the debate what the markets had been trying to ignore for months: inflation is not defeated in the United States. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm C...

For the last Gas & Power podcast of the year, Julien Hoarau sums up the main events and trends of the past twelve months and the outlook for 2025 on energy markets. The gas balance tightened progressively while power markets showed a growing price divergence across European countries. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Fol...

In the latest EnergyScan podcast, Olivier Gasnier looks back at the key economic events and trends of 2024 and what to expect in 2025. Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

In the latest EnergyScan podcast, Olivier Gasnier explains why he believes the bond markets are being benignly negligent. He also looks back at the latest OPEC meeting.  Start your EnergyScan free trial and get more analysis and data on energy markets : https://bit.ly/47Wuz01 Follow us on twitter : https://twitter.com/Energyscan_egm Contact us at energyscan.gem@engie.com

November saw European gas and power prices spike, driven by lower LNG imports, lower RES power generation and rising demand compared to a year ago. Julien Hoarau discusses the dynamics behind these trends, including storage concerns, the new U.S. sanctions on Gazprombank, changing weather patterns and market positionning. Start your EnergyScan free trial and get more analysis and data on energy ma...

Everything has revolved around Donald Trump since his election, including on financial markets, says Olivier Gasnier in the latest EnergyScan podcast. This week, however, we need to keep an eye on the political situation in France and the OPEC meeting. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm