Big Story: UK Electricity Reform Counts on a Gas Market That Is Repricing Against It
JKM, the Asian LNG benchmark, settled at $22.94 per MMBtu on Friday, and it got there by rising through a week when diplomatic signals around the Strait of Hormuz were the consensus reason to be bearish on everything except crude. That inversion matters to UK energy policy for a specific reason. The…
Opinion
Opinion: AEMO's Governance Review Inherits a Market Its Models Cannot See
Victoria's wholesale electricity price closed Friday at $10.50 per megawatt-hour, down 84.8% on the day, while South Australia settled at $44.08, off 71.7%. These are not anomalies requiring explanati…
Opinion: OPEC Reads Diesel While the Agencies Count Totals
On Wednesday morning in New York, crude futures were trading at $91.41 per barrel for Brent, up nearly $3 from the previous week, even as the EIA simultaneously published a crude inventory build of 4.…
Opinion: Specs Bought the Wrong Product Ahead of a Gulf War
On Wednesday morning, Abu Dhabi severed every trade and financial relationship with Tehran, all commercial exchanges, all transactions, indefinitely. The trigger was a pair of ballistic missiles that …