Energies: Highlights | November 2014

[EN] Prices for crude oil have reached their lowest point for four years, including a price drop of 30% since June. Still the OPEC doesn’t plan to reduce its output and also the fracking technology in the USA have led to a significant excess supply in the world market. Indeed the OPEC is interested in a higher price of crude oil, but according to experts, they are afraid to lose power if they reduced output and other countries would not. Besides the price for natural gas in the US has continued its downward trend as well.
On the other hand prices for natural gas have increased further in the EU. This article analyses the latest price developments and most important key figures for energies.

Taking the past 12 months into account, we have observed price decreases for crude oil WTI (-6.6%) and Brent (-15.3.1%) as well as for natural gas EU (-7.8%). Since US and EU natural gas markets are not highly correlated, we have noticed a price increase of +16.7% for natural gas in the US.

During the last month, Brent (-9.5%) and WTI (-9.3%) have continued their downward trend and also natural gas US reports a price drop (-6.0%). Only the price for natural gas in the EU (+7.4%) has increased. The highest price movements are still registered by the US market of natural gas with an annualized volatility of 29.4% in October.

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
November 2013 – October 2014October 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: 10 November 2014
Sources | Disclaimer | Methodology

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