In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Daniel Veasey as prices soften ahead of the summer.

Topics explored include:

• Softening of near-term pricing while winter prices hold.
• Economic data impacts oil prices, despite OPEC cuts.
• With LNG delivery at record levels, do falling prices risk supply being diverted to Asia?
• While supported in recent weeks with increased rainfall and wind power generation, sensitivities around the impact of a mild winter on hydro remain.
• If the Russia and Ukraine war escalates, risk remains over LNG supplies to Europe.
• As energy prices in Europe fall, is a recovery in industrial demand underway?
• UK energy intensive industries are advised to explore government support now.

This episode of the Resonance was recorded on 4th May 2023.