Fossil fuel markets seem to be in disarray.
Q is the 17th letter of the alphabet.
ICE Futures Europe chart snip
2031 crude futures are now at an 11% premium to 2025 ones.
Dutch gas is for 2030 is at a 24% DISCOUNT to 2025.
Dutch natural gas
Surely, both futures markets can’t be accurate?
What this disconnect seems to show is that the corrupt, rigged market for crude is going to extend for another 6 years…at least.
Do people really think OPEC+’s market rigging will survive that long, amid probable climate chaos?
I doubt it.
What do you think?…email me at mathew@carrzee.net
At the end of last year (before Trump was sworn in), 2030 natgas was at a 40% discount.
At the same time, Brent for 2031 was at a discount of 6% vs 2025.
So …in the 9 months or so of this year, traders are now betting on more rigged gas and oil markets in the Trump (and post-Trump) era.
Wow.
Brent
