Signals in Regional Cash and Spec Positioning

In this episode of 'The Energy Desk,' the team from Mobius Risk Group delves into the macro and fundamental trends impacting the global energy markets as of January 17th. The discussion begins with a deep dive into the regional and broader natural gas markets, highlighting the impact of colder than normal weather on cash market pricing and regional differentials. Crucial insights cover the effects of sustained cold and freeze-offs on natural gas supplies and storage. The conversation then shifts to crude markets, focusing on the recent U.S. sanctions on Russia's tankers, how it impacts global crude logistics and regional consumption, and potential shifts brought on by the incoming Trump administration's policies. The episode wraps up with speculations on U.S. crude exports, OPEC's strategy, and regional market dynamics, particularly in the Midwest and West Coast of the U.S.

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Show Timeline

00:00 Introduction to the Energy Desk

01:25 Natural Gas Market Analysis

07:07 Impact of Weather on Gas Prices

10:29 Matterhorn Pipeline and Market Dynamics

21:38 Crude Market Themes and Sanctions

40:25 Conclusion and Future Topics

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