Please see the Newsletter from Q4 2024 reviewing the excellent Bunker Workshop and Dinner. We outline the key feedback and planned work and resources to be delivered going froward in to 2025. Newsletter Q4 2024.pdf
Emilio Fontana (Grey Epoch)
ETS WEEKLY – GREY EPOCH – WEEK 2
What happened in the market?Having had a strong end to 2024, European Energy markets were mixed in the first couple weeks of 2025. A sell off in early January might simply have been a reversal of some end year exuberance we saw in December. Call it profit taking if...
ETS WEEKLY – GREY EPOCH – WEEK 1
Hi Marine Fuels Team, What happened in the market?Last Monday saw limited activity due to the holidays, with Dec25 futures hitting the week’s low at €70.40. On Tuesday, trading ended early ahead of the festivities, closing the year at €73.00. The market reopened on...
ETS WEEKLY – GREY EPOCH – WEEK 51
What happened in the market?The December 2025 futures began the week on a relatively quiet note, trending slightly downward to hit a low of €64.11 on Tuesday. However, Thursday brought a sharp rally, with the futures gaining over €3, spurred by surging natural gas...
ETS WEEKLY – GREY EPOCH – WEEK 50
What happened in the market?Last week, the December 2024 futures reached a high of €69.58 on Wednesday, the same day they expired. By the end of the week, they had fallen to a low of €65.54, resulting in a trading range of €5.43. The week ultimately settled at €64.43....
ETS WEEKLY – Grey Epoch – WEEK 49
What happened in the market?Last week, the December 2024 futures reached a high of €69.58 on Wednesday, the same day they expired. By the end of the week, they had fallen to a low of €65.54, resulting in a trading range of €5.43. The week ultimately settled at €64.43....
Summary of OFSI Advisory on Certificates of Origin (21st Nov 2024)
Thanks to MFA Member Element Alpha and their colleague Crispina Miranda for providing a detailed summary highlighting the OFSI guidance on COOs. For bunkering, this means that when purchasing bunker fuels in bulk, buyers must ensure they are collecting COOs issued by...
ETS Weekly – Grey epoch – week 48
What happened in the market? Choppy week in European Energy markets, with a fair amount of up and down that in the end turned out to be much ado about not much. More speculation on Russian gas via Ukraine in particular with a headline that injections had been booked...
Ets weekly – grey epoch – week 46
What happened in the market? OMV won their arbitration with Gazprom concerning several hundred million of owed back payments. As a result, Gazprom claimed that they were going to stop flowing gas to OMV (and therefore Austria). Lots of back and forth about this, was...
ETS WEEKLY – GREY EPOCH – WEEK 45
What happened in the market?Again mainly a headline driven week, this time the main instigator being the US election results, which for energy markets have a knock on effect on the Ukraine situation. Lots of speculation about who talked to who on a phone and so on and...