Energies: Highlights | March 2015

[EN] Sharp rebound in crude oil: Crude oil prices have shown the first gain in eight months. With an average price of 51.92 EUR/bbl for Brent (45,17 EUR/bbl for WTI) prices have risen by 17.6% (13.0%). The effect has partly been strengthened by the weakening Euro against the US-Dollar.
The strong increase of Brent has been caused by different reasons. Due to bad weather and conflict in Libya and Iraq there have been reduced exports from these countries and lower flows from Russia and the Caspian, too. Moreover there has been a strong demand for European oil from Asia as well as from the U.S. driven by cold weather and therefore disrupted refinery operations. Oil prices have also been supported by a reduction on U.S. oil rig counts. However global markets are entering a seasonal decline in oil consumption which has already stopped the sharp increase for now.
Moreover natural gas prices in the US increased by 8.9% in February due to large storage withdrawals and strong heating demand. 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 (-35.6%) and WTI (-49.0%) have fallen most intensive. However the markets of natural gas in the US (-31.1%) and EU (-12.7%) report a clear price slump as well.

During the last month, Brent (+17.6%) and WTI (+13.0%) have stopped their extraordinary downward trend and also natural gas US (+8.9%) reports a rise. As natural gas markets in the US and EU are not correlated, EU natural gas prices have declined (-8.8%). The highest price movements are still registered by the US market of natural gas with an annualized volatility of 58.0% in February.

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
March 2014 - February 2015February 2015
*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 March 2015
Sources | Disclaimer | Methodology

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