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Weekly energy market update:

The market price increased ~20% over the past weeks mainly due to the geopolitical tension between Russia and the West. However, in Feb, there are several important bearish drivers to watch out for:

1. The Lunar New Year holiday in China
2. Solid LNG gas send-outs to Europe from the USA
3. Increasing renewable generation & Mild weather
4. The slowing LNG Gas / Oil imports from India and Brazil

A big factor of the market uncertainty is the risk of an escalation between Russia and the West.
Continue expecting more favorable energy buying opportunities in Mar’22 – May’22

To read my last week’s energy market review, here is the link.

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