Energy Market monthly recap February 2023
Follow the energy market recap of February with our video and infographic!
- Article
- 30/03/2023
China’s recovery is taking shape, which is good news for global activity, but it also brings higher inflationary risks. The European economies have avoided recession, but the risk of an activity downturn in Q1 2023 has not disappeared. In the US, the Freeport terminal has received permission to resume operation, and forecasts of colder weather should only have a limited impact on prices.
Electricity prices have followed the gas price bearish trend, and coal was mostly down during February until there was an accident at an open-mine in China last week.
Meanwhile, oil prices continue to move without a clear trend, with signs of rising demand on one hand and the fight against inflation and the economic slowdown that it might incur pushing the prices down on the other.
CO2 emission prices have also risen above the threshold of €100/t, rebounding on a combination of speculative buying, option positioning, and late compliance buying.
To learn more about the energy markets, visit our EnergyScan solution.