In this week's Market Movers Europe with Digital Editor Felix Fernandez:
- Oil company results to shed light on 2023
- Visibility on French nuclear sorely needed
- EU ministers to discuss gas market intervention
- LME Week kicks off, 10th annual GMAs
In oil, third-quarter results will give insight into what's to come in 2023, with Shell and TotalEnergies reporting on Thursday, followed by Equinor, Eni, Chevron and ExxonMobil on Friday.
Companies have already indicated softer margins, which could make them cautious on new investment.
But in Europe there is pressure from governments to invest in new production and energy transition projects.
Shedding some light will be the IEA's World Energy Outlook, due to published on Wednesday.
The power sectormi will be expecting a statement by EDF on Friday on the critical issue of French nuclear availability this winter.
Strikes have delayed maintenance by a total of 100 days so far, with an ambitious return plan falling behind schedule.
While mild weather conditions have caused prompt prices to fall, forward contracts over Eur1,000/MWh reflect how nervous the market is about December.
EU energy ministers will meet again on Tuesday to discuss concrete proposals for gas market intervention, including a dynamic price corridor and alternative gas benchmark.
Also in line for agreement is a voluntary joint gas purchasing mechanism to make use of the EU's collective buying power in negotiations with key gas suppliers.
London Metal Exchange Week kicks off today, with representatives from the whole industry set to network, discuss current market trends and assess the market outlook.
Among the events taking place this week is the 10th anniversary edition of our own Global Metals Awards, which is being held Thursday and celebrates the achievements of the metals sector.
I'm Felix Fernandez, thank you for kicking off your Monday with S&P Global Commodity Insights