Energies: Highlights | January 2015

[EN] In December crude oil prices (Euro) have declined by another 16.8 percent (Brent; WTI: 21.8 %) – figures which have already been partly set off by a weakening Euro against the US-Dollar. With an average price of 51.2 EUR/bbl (Brent; WTI: 48.1 EUR/bbl), prices fell even below 40 EUR/bbl (Brent; WTI: 39 EUR/bbl) in early January. The United States have become the biggest producer of crude oil due to the fracking technique. At the same time OPEC aims to maintain market share by not reducing output and thereby trying to make fracking unprofitable. As a result various estimates expect an ongoing price slump for the first half of 2015.
Natural gas prices in the US have also decreased strongly in December because of a record high production and relatively moderate temperatures. This article shows you the latest price developments and relevant key figures for energies.

Taking the past 12 months into account, we have observed  price decreases for all our energies analysed. In particular crude oil Brent (-52.6%) and WTI (-48.6%) have fallen most intensive. However the markets of natural gas in the US (-28.4%) and EU (-5.6%) report a clear price slump as well.

During the last month, Brent (-16.8%) and WTI (-21.8%) have continued their extraordinary downward trend and also natural gas US reports a price drop (-33.2%). Since US and EU natural gas markets are not highly correlated, only the price for natural gas in the EU (+11.1%) has increased. The highest price movements are still registered by the US market of natural gas with an annualized volatility of 44.8% in December.

In order to provide a market visibility for European companies affected by raw material costs, the following analysis takes into consideration the price evolution in EUR unless specified. Please click on the raw materials below to receive more detailed information.

Energies prices returns | 1 YEAR | daily price dataEnergies prices returns | 1 MONTH | daily price data
January 2014 - December 2014December 2014
*Returns based on monthly data over the last 12 months*Returns based on monthly data over the last month

1. CRUDE OIL BRENT  Read more

2. CRUDE OIL WTI  Read more

3. NATURAL GAS EU  Read more

4. NATURAL GAS US Read more

Date of publication: 12 January 2015
Sources | Disclaimer | Methodology

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