ENGIE EnergyScan

In this week's Macro & Oil report of the EnergyScan podcast, OG explains how and why the fall in the US inflation rate in June has reinforced the markets' belief that next week's Fed rate hike will be the last. 

In this week's Gas & Power podcast, Julien Hoarau discusses about the drop in energy prices in Europe over the past trading sessions and the potential for further downside on the back of poor economic figures in the industrial sector and improving supply fundamentals Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/...

In this week's Gas & Power podcast, Julien Hoarau discusses the various price moves observed across European energy markets since the beginning of July with another episode of very negative spot power prices, diverging trends between prompt and forward prices at gas hubs, and a tightening of the FR-DE base power spread. Want to learn more? Start your EnergyScan free trial here: https://bit...

In this week's Macro & Oil report of the EnergyScan podcast, OG tells us that market concerns about the need for further monetary tightening quickly dissipated: the market is back to a configuration where growth is resilient without pushing central bank rates too high. We will also see that oil prices are rising in anticipation of Saudi Arabia's production cut in July and now in August...

In this week’s Gas and Power podcast, Julien Hoarau discusses the high volatility level of European energy prices following the short squeeze that took place in the first half of June. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm

In this week's Macro & Oil report of the EnergyScan podcast, OG tells us that the prospect of a soft landing for the Western economies, steered by central banks that would manage to keep inflation under control without excessive damage to growth, is receding. What if the Fed's pause was just misleading, masking a less pleasant reality? Resilient core inflation could force central banks...

In this week's podcast, Julien Hoarau discusses about the drivers behind the sharp increase in European gas prices since the beginning of June and the return of strong intraday volatility in wholesale energy markets. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm

In this week's Macro & Oil report of the EnergyScan podcast, OG talks to us about the crucial week ahead on the financial markets. US inflation data will precede the Fed and ECB meetings. The markets are expecting the Fed to take a break, but above all, they are looking for more visibility on what lies ahead. On the oil front, prices are continuing to fall despite the announced reduction i...

In this 50th episode of EnergyScan podcast, Julien Hoarau discusses about the sharp rebound in wholesale gas and power prices amid a downward adjustment in LNG supply to Europe. On the regulatory side, the European Commission announced that emergency measures taken to manage the energy crisis that have been agreed at the end of last year will not be extended. Want to learn more? Start your EnergyS...

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier wonders whether it's reasonable to expect the Fed to stop raising rates when the labor market remains so tight. He also looks back at Saudi Arabia's decision to cut production again to support oil prices. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter...

In this week's Gas & Power podcast, Julien Hoarau discusses about the further drop in wholesale gas prices amid a lack of demand response and poor economic figures in Europe. French future power prices reduced their premium to neighboring markets while coal and EUA prices also fell in line with weak fundamentals. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UB...

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier OG tells us that one threat is replacing another in the US: a vote to raise the US debt ceiling is expected soon, but the likelihood of the Fed continuing to raise rates is increasing, even if there is a pause in June.  Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on...

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier talks about the need to raise the US debt ceiling. With a few days to go before the deadline, an agreement has still not been reached but the markets remain serene. The prospect of a pause in Fed rates, while the US economy remains resilient, is helping to maintain this optimism. Oil prices have rebounded after fo...

In this week's Gas & Power podcast, Julien Hoarau discusses about the reduction of the contango on the EU gas curve and the further drop in spot gas and power prices amid weak energy demand and comfortable gas stock levels in Europe. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier explains why the dollar has just rebounded to its highest level in two months as the US economy sends worrying signals and the Fed may have completed its rate hike. The dollar is a safe haven. Its rise reinforces the downward pressure on the price of oil, which has just recorded its 4th consecutive week of decline...

In this weekly podcast for Gas & Power, we discuss about the continuation of the bearish trend in European gas prices as well as the volatility in power prices following the confirmation of EDF’s nuclear production target for 2023. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier looks back at the rate hikes announced by the Fed and ECB last week. Behind the identical decisions (25bp rate hikes), we can see a rather different discourse reflecting uncertainty about the impact of monetary policies on growth and inflation. The markets are a bit confused, as are oil prices which are experienci...

There were few marked variations in the markets last week, with the notable exception of the decline in oil prices, which is mainly explained by a rise in fears of recession. However, Olivier Gasnier tells us that the situation is far from clear, as the indicators supporting these fears are always accompanied by signals that put them into perspective. “But” is the key word. Want to learn more? Sta...

In this week's podcast, Julien Hoarau discusses about recent trends in wholesale energy markets, with muted demand, global macroeconomic factors, and maintenance programs affecting prices. A stable to bearish sentiment prevails globally. Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energyscan_egm

Despite the recovery in China, the IMF is expressing fears about global growth and the Fed is raising the prospect of a "mild recession". But in this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier tells us that central banks are probably not quite done with inflation yet and are likely to raise their key rates again, especially as oil prices continued to ris...

In this week’s podcast, Julien Hoarau discusses the recent decline in global coal prices due to weak demand and the significant increase in the risk premium for French power prices amid concerns over thermal cracks and stress corrosion issues at French nuclear plants.  Want to learn more? Start your EnergyScan free trial here: https://bit.ly/3UBfVEH Follow us on twitter: https://twitter.com/Energy...

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier talks about the accumulation of economic indicators suggesting that the US economy is sliding into recession. Does this mean that central bank rate hikes are over? For the Fed, that moment is near. OPEC's decision to cut production had only a limited effect on oil prices: less supply, but potentially less dema...

In this week's Gas & Power report EnergyScan podcast, Julien Hoarau tells us about how the OPEC announcement to cut production quotas triggered a short lived spike through Sunday to Tuesday, on which gains were mostly erased. Risk premium on Q1 2024 french baseload continues increasing as we still have no news from EDF or the French security authority on nuclear power. EUA market prices vo...

In this week's Macro & Oil report of the EnergyScan podcast, Olivier Gasnier tells us about how the banking crisis seems to have had less of an effect than what was initially forecasted and how Central Banks are therefore refocusing on managing inflation throughout the global economy. On the oil market, OPEC surprises all with a cut in production quotas, most likely to send a strong signal...

In this week's Gas & Power EnergyScan podcast, Julien Hoarau tells us about relatively calm power markets though with a slight bullish upturn most likely driven by the rise of French Cal'24 prices. Fundamentals for this include the ongoing strikes in France against the polemical pension reform, news of what could be a long lasting defect on Nuclear reactors, thus threatening nuclear av...