SHARE
+44 (0) 1865 952 700 | contact@auroraer.com
Press enquiries
  • This field is for validation purposes and should be left unchanged.

Insight

Home/Global Energy Markets Forecasts – October 2018

Global Energy Markets Forecasts – October 2018

Aurora’s Global Energy Markets Forecast presents Aurora’s outlook to 2040 for global energy markets, including oil and coal price forecasts and gas price forecasts for NW Europe, US and Japan and substantial commentary on market and policy movements over the previous quarter.

Key highlights include:

  • Oil prices are 0.9%, or $0.6 per barrel higher than our July 2018 forecast over the period 2018-2025, driven primarily by a tighter oil market in the near term as Iranian oil export sanctions have approached.
  • Relative to our July 2018 forecast, our gas price outlook over the period 2018-2025 has increased by an average of 1.0%, or $0.1/MMBtu for NW European prices, and by an average of 0.4%, or $0.04/MMBtu for Japanese prices. Our outlook for US prices has remained relatively unchanged.
  • Rising EU ETS futures prices (which increased demand for gas futures by power plants) and increased injection into European storages since last quarter, coincided with an anticipated rise in Chinese residential heating demand this winter, to drive the increase in European and Asian prices.
  • Compared to our July 2018 forecast, coal prices are higher by an average of 1.0%, or $0.7 per tonne between 2018-2025. The price rise is due to increased Chinese coal consumption in the power sector and constraints in exports of coal from Indonesia, both of which combined to raise spot and futures prices since July.
View Report

Our subscription services

Our subscription service provides you with long-term market forecasts, strategic insight reports, interactive client forums and access to our market data and analytics platform.

Interested? Please sign up to receive our complimentary monthly summary reports via email. Simply tick which reports you would like to receive. Please indicate your consent in the box provided and view our privacy policy.

If you would like further information on a particular subscription service or report please enter further information in the box provided.

 

 

  • Please find our privacy policy here

  • This forecast presents a deep and comprehensive overview of the GB power market, including fully detailed descriptions of energy and climate policies, generation technologies, demand, and fuel prices.

    Read More
  • The European Gas Market Forecast, 2018 annual edition presents Aurora’s latest view on the state of the European gas market, and includes our updated outlook on natural gas prices, demand, and supply in Europe to 2040.

    Read More
  • Aurora's German power Market Forecast quarterly update presents our comprehensive views on the state of the German power market, and includes our latest outlook on prices, generation, capacity, and asset performance to 2035.

    Read More