RJN News and Press, AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Energy Total Return Structured Product From 09/07/22

Summary With the Fed draining $95 billion in liquidity from the banking system as it accelerates QT, things could go from bad to worse, although bearish sentiment is increasing and the market is getting very oversold. There are still areas of the market that are worth considering,...

Summary Many articles recently covered the authors’ favorite natural gas stock. This article will try to cover broader implications and the best beneficiaries from a value chain perspective. Given tremendous rise in natural gas prices and public interest in energy stocks, m...

Summary OPEC+ members surprised the market yesterday by agreeing to cut their output target by 100Mbbls/d for October. However, given that OPEC+ has been producing well below production targets for some time now, the impact of this cut on actual supply is limited. Given the vo...

Summary The price cap on Russian oil will not work. Instead, it will exacerbate the shortage in Europe. And it will open the door for even more arbitrage business. Thesis On Friday, the G7 countries decided to set a price cap for Russian oil. Although exact d...

Summary U.S. June production increased by 201 kb/d to 11,816 kb/d. June’s New Mexico production increased by 30 kb/d to 1,531 kb/d to a new record high. Over the last 5 weeks ending September 2, the frac spread count and the US rig count have both declined. ...

Summary To what extent are fuel prices, capacity constraints and risk premia respectively the drivers of European electricity prices? Spark and dark spreads are the best way to assess these issues. The driver of high spot power prices in Germany is not limitations on generating ca...

Summary Physical commodity markets remain very finely balanced. Part of the reason for high inflation is commodity prices have been strong. There are signs from OPEC that they would be willing to adjust their production to accommodate Iranian barrels back onto the market. ...

Summary Natural gas probes above $10 and retreats - the highest price since 2008. European prices say that a challenge of the 2005 and 2008 US highs could be on the horizon. The fundamentals for the natural gas market have changed. The peak season is on the horizon, with U...

Summary While weaker oil prices in recent months have provided some relief to consumers, the same cannot be said for European natural gas. Gas prices have seen significant strength as fears over how Russian gas flows evolve only grow as we move closer towards heating season. A...

Summary According to the FT Europe’s benchmark, gas prices rose almost a third last week. In fact, they hit more than €343 ($345) per megawatt hour on Friday. These numbers are more than 30 times higher than prices two years ago and more than ten times their current ...