ICIS European Energy Outlook 2020

Irina Peltegova, European Daily Electricity Markets Editor, briefly analyses the electricity market outlook for 2020. The mild weather has had a bearish effect on southeast European energy prices. An expected oversupply in the carbon market is also expected to weigh on prices.

Alice Casagni, European Spot Gas Markets Deputy Editor, paints a bearish picture of the market, as above-average temperatures curb demand and weigh on prices. Looking ahead, additional bearish factors are apparent as LNG is poised to be in oversupply. Amid high LNG storage levels of LNG, low injection related demand is expected due to the mild weather over summer.

In this short video, Global Crude Oil Editor, Sophie Udubasceanu, reports on the crude oil market. While the US-Iran tensions have settled down, as has supply disruptions, the dispute is seen to have already hindered economic growth and subsequently oil price growth. The IMO policy on sulphur levels in crude oil will alter demand along the oil and gas value chain, directly affecting crude oil pricing.

LNG Editor Ed Cox discusses the outlook for the Global LNG market. Global LNG demand is likely to rise but at a lower rate. Trade deals are unlikely to have a significant impact on LNG flows. There looks to be little change in the Americas and the Middle East, leaving Europe once again as the market of last resorts.

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