Another week of #EnergyMarketAnalysis with Digren Energy. In today's edition, we look at the week from the 14th to the 18th of October 2024💡 Quick highlights: ✅ Gas - The forecasted price movement for NBP in November 2024 shows a gradual decline from 103.82 GBp/therm on October 21 to 98.12 GBp/therm by October 29. - Milder weather projections for late October may have led to a reduction in heating demand, thereby causing a drop in prices. - Increased supply from ongoing LNG shipments and robust storage levels could be contributing to the downward price trend. ✅ Carbon - The forecast for CO2 EUA spot prices shows a fluctuating trend, starting with a slight dip in late October from €61.31 to €60.77. - An upward trajectory is observed throughout November, reaching €66.11, potentially driven by compliance deadline pressures or regulatory changes. - December records a decline from €64.49 to €62.30, possibly due to reduced industrial activity or a mild winter forecast reducing energy demand. - January and February 2025 show further declines to €44.06, which could be attributed to economic slowdowns or increased EUA supply. - A gradual recovery begins in March, continuing into April, suggesting renewed economic activity or tighter sustainability targets stimulating demand. Read the full edition for more information👇 #energymarkets #carbonpricing #gasmarket #energynewsletter #energynews #energymanagement #energyreport
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NATURAL GAS IN 2025 Key Global Natural Gas Prices Set to Keep Rising into 2025 - Read More: https://hubs.la/Q02-7gZZ0 Natural gas prices in Asia, Europe and North America have climbed by around 30% to 50% so far in 2024, and look set to keep rising over the coming months as forecasts for cold weather trigger higher heating demand in key consumer hubs. #energy #naturalgas #natgas #lng #oilgas #oilandgascompanies
Key Global Natural Gas Prices Set to Keep Rising into 2025 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com
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Gas prices volatile despite a market in balance Every week, we inform you about the latest news on the energy markets 👉 Hereunder the summary of this April 11. Gas Prices are volatile despite a market in balance ✔ Prices proved volatile last week. The TTF CAL25 is currently trading at around EUR 32/MWh. ✔ Unscheduled work in Norway made prices rise, as did an increase in LNG imports by Asia. ✔ We remain of the opinion that high stocks and weak demand do not justify an upward trend. Moreover, profit-takings could also cause a fall. Electricity Price rises limited by weak industrial demand and strong renewable production ✔ Spot prices are seeing a falling demand due to high temperatures and strong winds. Solar power production over the weekend pushed prices below zero. ✔ Long-term prices follow rising gas and CO2 emission prices. The expected colder temperatures for next week also play a role. ◾ Weak industrial demand and strong renewable production limit the upside potential. ✔ CO2 emission prices are back above EUR60/t. This rise could perhaps be explained by German industrial figures, among others, which stood out as positive. But it is still too early to see a real trend reversal as the overall industry is remains weak. ✔ The European Commission published its preliminary report on 2023 emissions. The year saw a significant decline of 15.5% compared to 2022, thanks to, among other things, rapid implementation of new renewable generation capacity, energy-saving measures and weak industrial demand. How will the markets behave in the coming weeks? 👉 Subscribe to the Energy Market News https://bit.ly/33hGt68 to receive your complete analysis by e-mail every week. 👈 #electricity #gas #energymarket #CO2
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Energy Market Update - When do we fix? An article we wrote for a large buying group. Thought it useful to share with Energy managers and Contract procurement decision makers.... “At the time of writing with winter and the heating season well underway, we are seeing good European Gas storage levels (85%+) and depending on the harshness of this winter Europe expects to be coming out the other side in spring somewhere between 42 and 55% full. (this plays a large part in price of electric). LNG deliveries into the UK are down significantly this year compared to 23-24 levels with many diverted to Asia and this has served as a price holder rather than allowing them to fall too much, even as we hit near full storage coming out of the summer. December is expected to see around 15 LNG deliveries into the UK which is good news and will keep storage levels up as the cold weather bites in the main drawdown season. There are still many Geo-political issues at play, potential sanctions from the new Trump administration on specific oil producing nations such as Iran and conflict worldwide which are all serving as bullish factors in keeping prices propped up. There will no doubt be some form of retaliation from Russia in the next few months which could be sabotage on an interconnector or the likes, to hurt the UK/European energy industry which will spike prices. Sadly, there is very little evidence or data on the horizon that prices are going to fall from these levels. They hit the bottom for this period in Feb 2024 and have steadily climbed since. When you should fix and for how long is a question we are asked daily….’Electric Prices are about the lowest they’ve been in nearly 5 years now (low to mid 20’s) and many people were scorched by having to fix electric contracts at 35-55p during the crisis. With the uncertainly and volatility surrounding all commodities and the fact there’s little evidence to suggest prices will fall further, many of our clients have already fixed any contracts due to begin in Q1 & Q2 of '25 simply for price security and guaranteed savings. In many cases you can lock out your new contract price up to 12 months ahead and this may prove to be a good move for many businesses’. https://lnkd.in/eJJqfBsC
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Gas prices rise while market fundamentals remain healthy Every week, we inform you about the latest news on the energy markets 👉 Hereunder the summary of this March 21. Gas Upward momentum while market fundamentals remain healthy ✔ The rise in oil and coal prices underpin gas prices. ✔ But the upward momentum seems to be slowing down and market fundamentals remain comfortable. The TTF CAL25 is currently at around EUR 31/MWh. ✔ To keep in mind: Asian prices are going up and are now higher than European gas prices. There is thus a risk of LNG cargoes shifting from Europe to Asia. Electricity Prices are in line with the evolution of fuel prices ✔ European spot prices diverged on Tuesday: - They saw a rise by about EUR10/MWh in Germany, Belgium and the Netherlands due to the ongoing lack of wind. - In contrast, they fell by almost EUR9/MWh in France, where very mild temperatures were able to offset weak production of renewables. ✔ Forward prices reflect the evolution of fuel and CO2 emission prices. The BE CAL25 is now at below EUR 80/MWh. ✔ Market participants cannot really explain the rise in the carbon price (59 EUR/t) and there is seemingly a consensus that a correction is imminent. How will the markets behave in the coming weeks? 👉 Subscribe to the Energy Market News https://bit.ly/33hGt68 to receive your complete analysis by e-mail every week. 👈 #electricity #gas #energymarket #CO2
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Natural gas prices have surged back above $1.80, indicating a bullish market trend. This rise can be attributed to various factors, including concerns over supply disruptions in Europe, leading to increased demand for natural gas. Stay informed about the latest developments in the natural gas market to make informed decisions. #NaturalGas #MarketTrends
Natural Gas Price Forecast: Surge Above $1.83 Signals Bullish Momentum
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🌍 Energy Market Update – Week 47, 2024 Visuals attached in slideshow. The energy market is buzzing! Dunkelflaute, geopolitical tensions, and colder-than-average temperatures are shaping the scene, creating both challenges and opportunities. Here's what you need to know: ⚡ Electricity - Day-Ahead Prices: Spikes above €500/MWh due to Dunkelflaute; Germany may see spot prices >€1,000/MWh this winter. - Futures: Cal-25 baseload prices rose to €94/MWh (+€4). - Renewables: Less than 15% of Dutch electricity was generated by wind and solar last week (average > 40%). 🔥 Gas - see specific storage info in the slideshow - Day-Ahead: TTF traded near €47/MWh on November 19. - Futures: Cal-25 reached €44/MWh, marking its highest point in 2024. - Storage: Dutch gas storage stands at 80.55% capacity, providing a buffer, though below the EU average of 90.73%. 🌿 CO₂ - Emissions: Prices increased to over €69/ton due to higher fossil fuel generation. Structural increases expected from 2025 as certificate issuance declines. 🛢️ Oil & Coal - Oil: Brent prices dropped to $71/barrel, with a low of <$71 (Wednesday) and a high of $73.21 (Thursday). - Coal: Prices rose slightly to €127/ton as cold weather increased demand amid weak renewable output. 🔮 Outlook - Electricity: Prices may rise slightly due to cold weather and low wind generation. - Gas: Geopolitical risks and colder temperatures keep prices elevated. - CO₂: Emission prices will likely continue their upward trend. - Oil & Coal: Contrasting trends—weak oil demand vs. strong coal demand driven by winter heating needs. 💡 Need insights to stay ahead in this volatile energy market? Check live updates in E-nalytics!
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A slight downward movement appears to be under way, however... Every week, we inform you about the latest news on the energy markets 👉 Hereunder the summary of this November 28. Gas A slight downward movement is under way, however .... ✔️ The fundamentals are mixed: temperatures are expected to fall again across most of Europe at the end of the week and demand for electricity generation rose on Tuesday due to a drop in renewable production. ✔️ Prices are showing a slight downward trend (TTF CAL25 around EUR 45/MWh)driven by: - Speculators selling to take profits. - The expected increase in LNG cargoes in Europe (Asian buyers currently seem unwilling to bid higher). ✔️ However, it is still too early to say that the upward trend is over, given the various risk factors (weather, Russian gas supplies via Ukraine, etc.). Electricity Markets are also benefiting from current more favourable conditions ✔️ Forward prices have followed the downward movements seen on the gas and CO2 markets. The BE CAL25 is hovering around EUR 92/MWh. ✔️ Spot prices are down overall, benefiting from milder weather and favourable forecasts for wind generation. They are however likely to be affected by the slightly below-normal temperatures forecast for the end of the week in the Benelux countries. ✔️ CO2 emission allowances fell back to €68.5/t, influenced by the trend seen on the gas markets. How will the markets behave in the coming weeks? 👉 Subscribe to the Energy Market News https://bit.ly/33hGt68 to receive your complete analysis by e-mail every week. 👈 #electricity #gas #energymarket #CO2
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Several key factors are driving the fluctuations in gas prices. Understanding these influences can help consumers and policymakers navigate the challenges and opportunities ahead. #GasPricesFluctuations #GasPriceTrends #ConsumerGasInsights #PolicymakerPerspective #GasPriceChallenges #GasPriceOpportunities #UnderstandingGasCosts #FuelPriceInfluences #NavigatingGasPriceChanges #GasPriceAnalysis https://lnkd.in/eEBAA4D2
What influences gas prices in the UK? | Resolve Energy
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𝐃𝐚𝐢𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 - 𝟏𝟓/𝟎𝟕/𝟐𝟎𝟐𝟒 𝐆𝐚𝐬 𝐩𝐫𝐢𝐜𝐞𝐬 𝐬𝐭𝐞𝐚𝐝𝐲 𝐚𝐦𝐢𝐝 𝐡𝐢𝐠𝐡 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐥𝐞𝐯𝐞𝐥𝐬 Month ahead gas prices rose by 1%, closing at 73.12p/th on Friday, and are currently trading at 73p/th. Meanwhile, JKM(Japan-Korea) LNG month ahead futures held steady at $12.33/MMBTU, maintaining a premium over European markets. Notably, no LNG cargoes are scheduled for arrival in the UK, but, thanks to higher-than-average storage levels and strong flows from Norway, the UK may be well positioned to meet its requirements with no immediate LNG imports. 🔹 UK Natural Gas Storage: 48% 🔹 European Storage: Over 80% We anticipate the gas market will trade sideways in the short-term, with potential price spikes as markets remain vigilant for any significant developments. 𝐖𝐢𝐧𝐝 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐝𝐫𝐨𝐩 𝐝𝐫𝐢𝐯𝐞𝐬 𝐮𝐩 𝐝𝐚𝐲 𝐚𝐡𝐞𝐚𝐝 𝐩𝐫𝐢𝐜𝐞𝐬 Wind generation fell today to 0.5GW, driving day ahead electricity prices up 30% to £77.48/MWh. However, wind generation is expected to rebound overnight, peaking at 7.4GW by 14:00 tomorrow, potentially lowering day ahead prices for tomorrow. Month ahead (Aug 24) baseload electricity prices were up 2% to £64.75/MWh on Friday, recovering from an 8% drop over the past four days, while no price changes were observed in the winter months’ contracts. We anticipate baseload electricity prices to trade sideways, mirroring gas market trends, as gas has constituted over 21% of the UK power stack on average in the past 30 days. 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐄𝐧𝐠𝐥𝐚𝐧𝐝'𝐬 𝐄𝐔𝐑𝐎 𝐌𝐚𝐭𝐜𝐡𝐞𝐬 𝐨𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐃𝐞𝐦𝐚𝐧𝐝 Unfortunately, England lost in the Euro finals last night, but some intriguing national electricity demand trends were observed during the semi’s match. Demand spiked by 1 GW at halftime and saw a 0.74 GW rise at the full-time whistle, likely reflecting fans grabbing refreshments. (Image Credit: National Grid ESO) These demand patterns offer valuable insights for grid balancing, especially as we transition to higher renewable and decentralized electricity generation. Understanding such dynamics is crucial for maintaining a stable and efficient energy system. Smarta Energy #GasPrices #ElectricityDemand #EnergyStorage #RenewableGeneration
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Natural gas remains a focal point for traders and investors, given its potential for sudden price swings driven by supply and demand dynamics. Looking towards 2025 and beyond, the U.S. Energy Information Administration (EIA) forecasts a steady decline in natural gas prices, projecting a price of $3.10 USD/MMBtu in 2025, trending slightly lower by 2030. This bearish outlook is fueled by increasing exports of liquefied natural gas (LNG) from the U.S. and a simultaneous reduction in domestic consumption. Historical price trends reveal a defined support zone between $1.36 and $1.61 USD/MMBtu, with rare spikes above $9.98 USD/MMBtu, primarily caused by temporary supply disruptions or surges in demand. The analysis suggests that unless significant global events occur—such as extreme weather conditions or geopolitical tensions involving major producers—the market is likely to remain within predictable ranges. For traders, understanding these patterns and leveraging tools like technical analysis can provide a strategic edge. Are you prepared to navigate the shifts in the energy markets? Let’s discuss how informed decisions can lead to smarter trades.
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