Wildest Ever Start to Trading Week; Coal Becoming King Again? NatGas Roiled; Crude Ban Seen; CO2 Rebound (3)

CHARTS / REASONS FOR WILDNESS BELOW (NEWEST FIRST MOSTLY)

March 7-8, 2022 (LONDON): This week saw probably the wildest ever start to energy markets — in global history.

Geopolitics associated with Europe’s war sent markets surging and crashing. In the case of the market for EU carbon allowances, crashing and surging.

The European Commission said it wants to accelerate the energy transition away from fossil fuels.

Putin's war demonstrates the urgency of accelerating our clean energy transition.

Today we outline REPowerEU – our plan to increase Europe's energy independence:

⚡ Reduced demand for Russian fossil fuels.

⚡ Emergency measures to tackle energy prices in Europe.#EUGreenDeal
— European Commission 🇪🇺 (@EU_Commission) March 8, 2022

Biden to ban US imports of Russian oil https://t.co/ftxlkDUsyQ
— FT Energy (@ftenergy) March 8, 2022

Russia has become the third-largest #naturalgas supplier to China, including both pipeline #gas and #LNG, and is currently its second-largest #crude supplier after Saudi Arabia. Read more about Russia-China gas ties in this #Factbox https://t.co/ghDgPUDfYt #ONGT #Russia #Ukraine pic.twitter.com/9d7q8DKDKG
— Commodity Insights Gas (@SPGCIGas) March 8, 2022

#EUETS #OCTT #TTF #API2 https://t.co/azrDx9IFrr
— 🇺🇦Mike Szabo🇺🇦 (@MikeSzaboCP) March 8, 2022

Polish state-owned PGNiG has chartered two #LNG vessels for a period of 12 months. #securityofsupply #TTF #ONGT
— Wideangle LNG ⚓️💡🕯🕊 (@WideangleLNG) March 8, 2022

8-Mar-22: Spotlight shifts to #NordStream1 following Novak comments on Mon. On Tue morning #NS1 #natgas flows normal. Similarly via Ukraine. #TTF rally on Mon driven by possibility of retaliatory #natgas cut to mooted US oil embargo, but Scholz comments eased concerns. #ONGT
— Tom Marzec-Manser (@tmarzecmanser) March 8, 2022

Wild start to the week.

🔥 EU #gas up nearly 40%
🛢️ Brent #oil up nearly 10%
🇪🇺 #Carbon allowances down 10%#OOTT #ONGT #EUETS #Russia #Ukraine️ pic.twitter.com/j1mvvGYQMF
— Rob Barnett (@barnettenergy) March 7, 2022

Coal power plants that have been shut down will be restarted very soon.

Rystad Energy said that “Coal will become a major energy source in Europe over the next few years”.

-Reported 6th, Mar.#euets #octt #krbn https://t.co/iDdVSdPJ0o
— Jae-Seong Lee (Jason Lee) (@jasonvictorlee) March 7, 2022

Great speaking live on @BBCNews with @BenMBoulos this morning! Covering #NordStream1, record #TTF prices and European #natgas security of supply. @ICISOfficial pic.twitter.com/9XTXU0r4Q6
— Tom Marzec-Manser (@tmarzecmanser) March 8, 2022

WILD NATGAS MONDAY

TWO-YEAR CHART

WILD BRENT MONDAY

WILD EU CARBON MONDAY

WILD EU CARBON COMEBACK TUESDAY

Interesting chart showing #euets carbon is oversold – if history is anything to go on, suggests a strong rally is forthcoming (green) pic.twitter.com/8MzUYcAzF8
— Lawson Steele (@LawsonSteele3) March 8, 2022

WILD NATGAS TUESDAY

EARLIER — WEEKEND

European natural gas benchmark #TTF broke a record with €203 per MWh! That's equivalent to ~$2.500 per thousand cubic meters or ~$365 per barrel of oil equivalent in crude oil terms! 15 months ago, it was €15/MWh. Asian LNG prices have followed the spike in EU gas prices.+ pic.twitter.com/zznbgWTYz4
— Caner Can (@hcanercan) March 5, 2022

CarrZee: Taiwan Offers to Help Flood-Struck Australia as China Tackles Net-Zero, USA Pokes, Pokes, Pokes: Comment

CarrZee Carbon

Wildest Ever Start to Trading Week; Coal Becoming King Again? NatGas Roiled; Crude Ban Seen; CO2 Rebound (3)

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Wildest Ever Start to Trading Week; Coal Becoming King Again? NatGas Roiled; Crude Ban Seen; CO2 Rebound (3)

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