Energy Market monthly recap May 2023
Follow the energy market recap of May with our video and infographic!
- Article
- 08/06/2023
The energy market landscape in May 2023 presents a mixture of challenges and opportunities, with various factors shaping the direction of key sectors such as natural gas, power, oil, and CO2 emissions. In this article, we delve into the recent developments and trends within the industry:
- In May 2023, the energy market witnessed the Chinese recovery showing signs of weakness and the US banking crisis persisting.
- Lower oil prices, high stock levels, and strong LNG supply forecasts created a bearish sentiment in the oil market. Power prices followed the declining gas prices, while good renewable production and weak demand supported the bearish trend.
- Uncertainties surrounding the French nuclear park and supply disruptions could trigger price rebounds.
The maintenance schedule of the French nuclear park became a crucial factor to monitor. - Oil prices sharply declined, and the CO2 emission market exhibited poor liquidity driven by technical trading and speculation.
- Gas prices continued to decrease, and core inflation remained high. Limited supply mitigated price declines, and prices were influenced by financial markets.
For a detailed analysis, including our full PDF report and accompanying video, please find the comprehensive insights below, made possible through EnergyScan.
EnergyScan provides us with the tools and data to conduct a thorough examination of the energy market, offering valuable perspectives and informed analysis. Accessing our PDF report and video through EnergyScan will keep you informed about the latest developments and trends in the industry.