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:
- The Lunar New Year holiday in China
- Solid LNG gas send-outs to Europe from the USA
- Increasing renewable generation & Mild weather
- 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.
