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Submission: On March 24 via api from US — Scanned from DE
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S&P Global Commodity Insights * S&P Global * S&P Dow Jones Indices * S&P Global Engineering Solutions * S&P Global Market Intelligence * S&P Global Mobility * S&P Global Commodity Insights * S&P Global Ratings * S&P Global Sustainable1 Close Discover more about S&P Global’s offerings. 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US oil, gas rig count inches up one to 839 as Permian Basin chalks up 7-rig slide The US oil and gas rig count inched up by just one for the week ending March 15 to 839, an analysis... WPC 2023: BASF CEO says continued China recovery needed to counter global petchems demand slump The recovery of China's economy is the only major bright spot visible for 2023, according to Martin... * Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition I Need Advisory Solutions/Consulting Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data Data and Distribution * Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints References Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS * Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog Research & Analysis Top 250 Rankings Latest in Market Insights Geopolitical strife, politics set to take oil market on ‘wild ride’ Podcast Senate bill aims to prevent foreign control of nuclear power, boost US industry International Nuclear Energy Bill failed to get vote in 2022 Bill would form White House office to work on nuclear exports A bipartisan pair of US lawmakers is taking another shot at a bill to assert Russia ready to increase oil supplies to China after sanctions hit Western exports Russian President Vladimir Putin said March 21 that Russia is ready to increase oil supplies to China, which has become an increasingly important energy partner since Russia s invasion of Ukraine trig * PLATTS ANALYTICS PRODUCT PLATFORM ACCESS ANALYTICS HUB * All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards Global Metals Awards Featured Events Forums Singapore Commodity Market Insights Forum * 28 Mar 2023 * Singapore Forums Hydrogen Markets Americas Conference * 28 Mar 2023 * Singapore Conferences ,Forums,Training and eLearning Navigating the Future: Energy Transition & Hydrogen at Hydrogen Markets Americas Conference * 03 Apr 2023 * San Diego, USA In this list Electric Power | Energy Transition | LNG | Natural Gas | Metals Commodity price volatility 'here to stay' amid geopolitics, energy transition challenges: Trafigura CFO Oil | Natural Gas (European) | Natural Gas | LNG | Renewables | Emissions | Energy Transition | Nuclear | Electric Power Risk | Electric Power | Coal | Energy | Electricity Europe Energy Price Crisis Electric Power | Electricity | Energy | Energy Transition European Long-Term Power Forecast Energy | Oil | Energy Transition APPEC 2023 Energy | Natural Gas US oil, gas rig count inches up one to 839 as Permian Basin chalks up 7-rig slide Energy | Coal | Oil | Metals | Electric Power | Natural Gas | Crude Oil | Steel | Non-Ferrous | Electricity | Refined Products | Jet Fuel Commodity Tracker: 5 charts to watch this week * Make Decisions With Conviction FOR FULL ACCESS TO REAL-TIME UPDATES, BREAKING NEWS, ANALYSIS, PRICING AND DATA VISUALIZATION SUBSCRIBE TODAY. Subscribe Now * Electric Power | Energy Transition | LNG | Natural Gas | Metals * 22 Mar 2023 | 11:08 UTC COMMODITY PRICE VOLATILITY 'HERE TO STAY' AMID GEOPOLITICS, ENERGY TRANSITION CHALLENGES: TRAFIGURA CFO * * * * * * * Author Robert Perkins * Editor Alisdair Bowles * Commodity Electric Power, Energy Transition, LNG, Natural Gas, Metals * * * Tags Battery Materials, Cobalt, copper * Topic Coronavirus and Commodities, Energy Transition, Europe Energy Price Crisis, War in Ukraine Highlights China risks, renewable energy upheaval in play Post-war price volatility may have peaked But fundamental problems remain: Mercuria * * * * * * * Author * Robert Perkins * Editor * Alisdair Bowles * Commodity * Electric Power, Energy Transition, LNG, Natural Gas, Metals * Tags * Battery Materials, Cobalt, copper * Topic * Coronavirus and Commodities, Energy Transition, Europe Energy Price Crisis, War in Ukraine Global commodity markets are facing increased price volatility in the coming years as lingering geopolitical concerns and the rush to low-carbon energy continues to stress supply-demand fundamentals, Christophe Salmon, the chief financial officer of independent trader Trafigura, said March 22. NOT REGISTERED? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most global commodity traders enjoyed a third straight year of record earnings in 2022 after surging market volatility in the wake of Russia's invasion of Ukraine boosted trading earnings already elevated due to market dislocations in the wake of the COVID-19 pandemic. But ongoing supply and demand risks from Russia and China and supply chain upheaval from electric mobility and renewable energies means volatility across commodities markets could persist for longer, Salmon said. "I believe that volatility in the commodity market is here to stay in terms of the consequences of the geopolitical situation. I'm not only talking about Russia but also China," Salmon told the FT Global Commodities Summit in Lausanne. "I'm talking about the energy transition, which intrinsically will probably trigger more volatility into a number of markets." Salmon pointed to booming demand for battery metals, such as copper and cobalt, amid constrained supplies and low levels of inventory globally. The renewable energy boom will also create trading challenges, he said. "I can take the example of the electricity market. More and more electricity will be produced from renewable sources which means that this is more volatile intrinsically," Salmon said. PEAK VOLATILITY? Other top commodity traders speaking at the event, said they expect lower commodity market volatility in 2023 following a year of extreme price movements in the wake of the Ukraine war. Mercuria's CFO Guillaume Vermersch, noting that Mercuria and its peers had benefited from navigating the "extreme" price volatility, said this year would be a bit different, even if many of the same factors remain in play. "This year is a different landscape. We move away from an extreme pricing situation as I think a lot of things have been anticipated ahead of 2023," Vermersch said. "[But] the fundamental problems are not solved. We are still facing a war situation in Ukraine, we have lots and lots of projects that didn't really come on stream and in terms of the production of renewable electricity, we have a certain level of inventory and those levels really will evolve... so volatility and intrinsic volatility remains." Vitol's CFO Jeff Dellapina concurred that much of the market price turmoil last year was "anticipatory" with supply energy supply shock fears avoided, particularly in Europe's gas and LNG markets. "I think a lot of that knowledge by the markets, that demand destruction will occur and buyers can respond to high prices, probably put a lid on things. So there's a lot of volatility compression now," Dellapina said. Europe has turned to LNG in ever-increasing volumes to replace lost Russian pipeline gas. Spot gas prices across Europe hit record highs in late summer but demand destruction, a jump in LNG imports and a warm winter have seen LNG prices in the region collapse. Platts, part of S&P Global Commodity Insights, assessed the DES Northwest Europe marker for LNG delivery in January at $12.03/MMBtu on March 21, down from a high of $74.48/MMBtu in August. -------------------------------------------------------------------------------- RECOMMENDED FOR YOU Natural Gas - March 23, 2023 US OIL, GAS RIG COUNT INCHES UP ONE TO 839 AS PERMIAN BASIN CHALKS UP 7-RIG SLIDE Read more > Natural Gas,Petrochemicals - March 23, 2023 WPC 2023: BASF CEO SAYS CONTINUED CHINA RECOVERY NEEDED TO COUNTER GLOBAL PETCHEMS DEMAND SLUMP Read more > Electric Power - March 24, 2023 PLATTS POWER IN EUROPE Learn more > To continue reading you must login or register with us. It’s free and easy to do. Please use the button below and we will bring you back here when complete. 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