Energy Market monthly recap May 2023

Follow the energy market recap of May with our video and infographic!

Article
08/06/2023

The energy market landscape in May 2023 presents a mixture of challenges and opportunities, with various factors shaping the direction of key sectors such as natural gas, power, oil, and CO2 emissions. In this article, we delve into the recent developments and trends within the industry:

In May 2023, the energy market witnessed the Chinese recovery showing signs of weakness and the US banking crisis persisting.
Lower oil prices, high stock levels, and strong LNG supply forecasts created a bearish sentiment in the oil market. Power prices followed the declining gas prices, while good renewable production and weak demand supported the bearish trend.
Uncertainties surrounding the French nuclear park and supply disruptions could trigger price rebounds.
The maintenance schedule of the French nuclear park became a crucial factor to monitor.
Oil prices sharply declined, and the CO2 emission market exhibited poor liquidity driven by technical trading and speculation.
Gas prices continued to decrease, and core inflation remained high. Limited supply mitigated price declines, and prices were influenced by financial markets.

For a detailed analysis, including our full PDF report and accompanying video, please find the comprehensive insights below, made possible through EnergyScan.

EnergyScan provides us with the tools and data to conduct a thorough examination of the energy market, offering valuable perspectives and informed analysis. Accessing our PDF report and video through EnergyScan will keep you informed about the latest developments and trends in the industry.

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Energy-Market-May – 2023 – PDF Download

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ENGIE Shines as Climate Risk Manager of the Year

We are thrilled to announce that ENGIE has once again been recognized as the Climate Risk Manager of the Year at the prestigious Energy Risk Awards 2023.

Article
29/05/2023

This remarkable achievement marks the third consecutive year that ENGIE has received this esteemed accolade, solidifying our position as a leader in decarbonization.

At ENGIE, we understand the pressing need to address climate change and transition towards a sustainable future. Our primary objective is to support our valued clients in their journey towards achieving Net-Zero status.

Our winning formula at the Energy Risk Awards 2023 was a culmination of our relentless pursuit of innovative energy solutions and groundbreaking partnerships. We believe that true success lies in the ability to deliver tangible results to our clients, empowering them to embrace sustainable energies and overcome challenges along the way.

In addition to being named Climate Risk Manager of the Year, ENGIE also received two other prestigious accolades at the Energy Risk Awards 2023. The first is the coveted title of Natural Gas/LNG House of the Year, which recognizes the exceptional work carried out by ENGIE Global Energy Management & Sales in the field of natural gas and Liquefied Natural Gas (LNG). This award is a testament to our unwavering dedication to addressing the energy security concerns faced by our clients during the challenging times of the past year.

The second notable win for ENGIE is the Deal of the Year award, which was earned through the successful completion of a Biomethane Purchase Agreement with Arkema. This landmark agreement not only demonstrates our commitment to forging strategic partnerships but also showcases our determination to decarbonize the entire gas value chain. The Energy Risk Awards jury acknowledged our ability to rise above extraordinary challenges and maintain our course towards a greener future.

We take great pride in these victories, as they exemplify ENGIE Global Energy Management & Sales’ tireless efforts and unwavering commitment to our clients. We understand that the energy landscape is constantly evolving, and it is our duty to adapt and support our clients as they navigate through crises and strive for a secure and sustainable energy supply.

These achievements at the Energy Risk Awards 2023 reinforce our position as a trusted partner and highlight our dedication to providing comprehensive decarbonization solutions to our esteemed clients. Our commitment to sustainability is unwavering, and we will continue to lead the way in a decarbonized world.

We would like to express our gratitude to our valued clients, partners, and employees for their continued support and trust in our abilities. Together, we will shape a greener future, and ENGIE remains steadfast in its mission to create sustainable energy solutions that drive positive change.

If you are seeking a reliable partner to guide your organization’s transition to a sustainable future, look no further than ENGIE. Contact us today to explore how our award-winning expertise and innovative solutions can help you achieve your decarbonization goals and create a brighter tomorrow.

Awards & rankings

Energy Market monthly recap April 2023

Follow the energy market recap of April with our video and infographic!

Article
04/05/2023

April 2023 has been a relatively calm month for the energy markets, as they have been able to rely on comfortable fundamentals. Nonetheless, uncertainties persist and can impact the energy markets in the upcoming months.

China’s economy continues to recover, but there are doubts about its sustainability. The country has been one of the main drivers of the energy markets in recent years, and any significant changes in its economic performance can have a significant impact on the market.

In the US, the economy is still at risk of entering a recession this year. The banking crisis also remains a concern, as any significant event in the banking sector can lead to a significant shock in the energy markets.

In Europe, the availability of nuclear power plants remains uncertain, especially in France. This uncertainty is supporting prices, as the risk premium remains high. Germany has already shut down its last three nuclear reactors, and France will need to commit to its nuclear maintenance plan to avoid any significant supply shortages.

On the positive side, stocks are high, and LNG arrivals in Europe remain strong, contributing to lower prices. Additionally, the month’s weather has been favorable, combining windy and rather mild conditions, with stable gas prices, leading to a drop in prices.

Oil prices are back to their highest levels in recent months, following OPEC’s decision to reduce production. However, the International Energy Agency has announced higher prices by the end of the year, highlighting the volatility of the oil market.

Price volatility was most pronounced mid-month, as the 2022 compliance deadline was April. However, prices rebounded at the end of the month with renewed optimism in the financial markets.

Finally, the European Parliament formally approved the “Fit for 55” plan, which aims to reduce greenhouse gas emissions by 55% by 2030. This plan will have significant implications for the energy markets, and it remains to be seen how Europe will remain competitive in LNG supply.

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Energy Market monthly recap March 2023

Follow the energy market recap of March with our video and infographic!

Article
17/04/2023

As we look at the current state of the energy market, we see that there are both positive and negative factors influencing prices. On one hand, strong renewable production has helped to maintain a bearish trend, while on the other hand, concerns over declining demand for oil due to slower growth in China and the recent banking crisis have brought some instability to the market.

In particular, the recent banking crisis has been a cause for concern for many in the energy industry. With central banks having to choose between fighting inflation and supporting the banking sector, there is a lot of uncertainty about how this will impact prices moving forward. Additionally, the crisis has already caused instability in the oil market, with Brent decreasing due to concerns over declining demand and slower than expected growth from China.

Despite these challenges, the energy market has remained relatively stable, with prices following the fluctuations in the gas market. For example, prices rose in mid-March due to strikes in France impacting the availability of nuclear power plants, but then fell back again. Some European countries were already injecting gas into stocks, which has helped to keep prices relatively stable.

Looking ahead, there are still some questions that remain unanswered about the energy market. For example, how will ongoing strikes further impact the availability of nuclear power plants in France? What impact will the banking crisis have on the energy industry and will it spread to other markets? And what will the inflation figures for Europe reveal when they are published?

Despite these uncertainties, our team of experts is committed to keeping a close eye on the energy market and providing the latest updates and insights to help you make informed decisions. Whether you have questions about natural gas, power, oil, CO2, or any other aspect of the energy market, our experts are here to help. So if you’re looking for reliable information and analysis about the energy market, don’t hesitate to get in touch with us.

To learn more about the energy markets, visit our EnergyScan solution.

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Energy Market monthly recap February 2023

Follow the energy market recap of February with our video and infographic!

Article
30/03/2023

China’s recovery is taking shape, which is good news for global activity, but it also brings higher inflationary risks. The European economies have avoided recession, but the risk of an activity downturn in Q1 2023 has not disappeared. In the US, the Freeport terminal has received permission to resume operation, and forecasts of colder weather should only have a limited impact on prices.

Electricity prices have followed the gas price bearish trend, and coal was mostly down during February until there was an accident at an open-mine in China last week.

Meanwhile, oil prices continue to move without a clear trend, with signs of rising demand on one hand and the fight against inflation and the economic slowdown that it might incur pushing the prices down on the other.

CO2 emission prices have also risen above the threshold of €100/t, rebounding on a combination of speculative buying, option positioning, and late compliance buying.

To learn more about the energy markets, visit our EnergyScan solution.

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ENGIE Ranked as N°1 Energy Dealer Worldwide at the 2023 Energy Risk Commodity Rankings

ENGIE has been ranked as the N°1 Energy Dealer worldwide at the 2023 Energy Risk Commodity Rankings.

Article
21/03/2023

This recognition comes with strong positions across regions and commodities, securing the company’s position as a trusted and reliable energy partner.

The Energy Risk Commodity Rankings are an annual market vote, recognizing companies that excel in the global energy market. ENGIE has been recognized for its expertise and innovative solutions in the energy industry, enabling clients to navigate the energy transition successfully.

The rankings illustrate the level of continued trust that ENGIE’s clients place in the company, and it is humbled by such a recognition. ENGIE has been ranked as:

N°1 Global Natural Gas Dealer
N°1 LNG Dealer Europe & Asia
N°1 OTC Trading Platform – EGMA
N°1 Economic Research in Gas – EnergyScan
N°2 Global Power Dealer

This recognition is a testament to the commitment of all ENGIE teams in ensuring the security of supply for clients while helping them achieve their Net Zero targets. ENGIE remains committed to delivering sustainable and innovative solutions for its clients.

ENGIE’s success is an example of how innovation and sustainability can go hand in hand. As the world transitions towards a more sustainable future, energy companies such as ENGIE are playing a crucial role in shaping the energy landscape.

All our awards

Our revamped website

ENGIE Global Energy Management & Sales is thrilled to unveil our newly redesigned website! This new website provides our visitors with easy access to information about our expertise and solutions, as well as resources and tools to help them make informed decisions about their energy needs.

Article
27/02/2023

One of the standout features of the new website is the detailed list of the expertise and solutions offered by ENGIE Global Energy Management & Sales. From energy supply and risk management to asset management and renewable energy solutions, we have a range of solutions to suit the needs of businesses of all sizes. By working with our team of experts, visitors can find the best solutions for their energy needs and achieve their sustainability goals.

One of the key aspects of our website is the Global Presence section, which showcases our international reach and expertise with offices and operations in +20 countries around the world. It also allows us to understand the unique energy needs of our clients and provide customized solutions that meet their specific requirements.

In addition to our expertise and solutions pages, the new website features a news section, which offers a wealth of information about ENGIE Global Energy Management & Sales’ business and industry news. This section includes articles and updates about the company’s latest projects, partnerships, and initiatives, helping our clients stay up-to-date on what we’re working on.

Our clients can also learn more about our commitment to decarbonization on the Decarbonization Journey page. This page outlines our vision for a more sustainable future and provides information about the steps we are taking to reduce our carbon footprint and support our clients in their own decarbonization efforts.

Overall, our new website is a valuable resource for anyone interested in learning more about energy. We are confident that it will help our clients make informed decisions about their energy needs and achieve their sustainability goals. We encourage you to explore the website and learn more about how ENGIE Global Energy Management & Sales can support your energy management strategy.

#MarketChangers - Video series

Check out our #MarketChangers series, fighting the stereotypes in our energy trading world. Our objective: to value the diversity of visions, innovation, and out-of-the-box thinking...

Article
24/08/2022

Promoted on the ENGIE Global Energy Management & Sales’ LinkedIn, these videos have been a great success with a large audience.

Some key figures to summarize the huge success of this communication campaign:
+ 210 hours of total views
Almost 100 000 impressions
+ 1200 reactions
+ 150 comments & shares
+5 % engagement rate

Rediscover our videos here:

Cécile Daudin and Marc Pannier:

Anne Idiart and Christophe Casabonne:

Anne-Solenne Le Flanchec and Réda Mikou:

Sarah Drevermann and Stephane Pirotte:

Elisa Pruneau and Pierre-Emile Ansart:

Igal Madar and Edouard Chevalier concluded our video series and thanks to their teams for playing the game:

Thanks to the interviewees for their involvement and happiness!

Always looking for meeting our clients’ highest standards, we aim to change the rules of the game. At ENGIE Global Energy Management & Sales, we are #MarketChangers.

ENGIE is Climate Risk Manager of the Year!

ENGIE is Climate Risk Manager of the Year at the 2022 Energy Risk Awards for the second year running!

Article
24/05/2022

ENGIE Global Energy Management & Sales is pleased to announce that the jury of Energy Risk, global reference review in risk management and trading, has named ENGIE “Climate Risk Manager of the Year” for the second year running. The award celebrates ENGIE Global Energy Management & Sales achievements and developments around clients’ decarbonization and overall initiatives to accelerate towards Net Zero by 2045.

This distinction comes along with Electricity House of the Year and OTC Trading Platform of the year – EGMA.

The jury notably praised ENGIE Global Energy Management & Sales’ responsiveness, risk management capabilities and innovative solutions helping clients tackle market challenges, whether navigating through Uri in the US or when facing the record volatility of European energy markets.

Thank you to our clients for their constant trust and to all the ENGIE Global Energy Management & Sales teams for their commitment.

About the Energy Risk Awards:

The competition has been organized by Energy Risk for more than 20 years and gathers a range of competitors such as BNP Paribas, Société Générale, Macquarie, Refinitiv, BP, Sempra or Uniper. The awards are granted based on written submission files assessed by a jury of independent experts and journalists in the field.

All our awards & rankings

Articles related by Risk.net :

ENGIE Global Energy Management & Sales scores high at the 2022 Energy Risk Commodity Rankings!

ENGIE performs at the Energy Risk Commodity Rankings and obtains strong positions across commodities and markets, worldwide!

Article
24/03/2022

Our teams notably ranked n°1 global power dealer, EU emissions trading and LNG Europe & Asia, while reaching n°2 overall natural gas market services and gas market intelligence (EGMA via OTC Trading platform, EnergyScan,…)

Such rankings translate the continuous commitment we show to our clients in serving them with the highest standards, across the value chain. We leverage our core market and energy management expertise to tailor for our clients a wide range of solutions in power, renewable and low-carbon energy, while striving to ensure security of supply in gas – a key partner for a successful transition to Net Zero.

We thank our clients for the unwavering trust they place in ENGIE to support their decarbonization.

About Energy Risk Commodity Rankings

The annual survey conducted by Energy Risk is based on market participants’ selection of their top dealers and brokers following criteria including reliability, integrity, speed of execution, keen pricing and liquidity provision

It gathers between 1,000 and 1,500 participants.

Access our list of awards