Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments.
Energy prices will remain historically high over the remainder of this year. OPEC+ output cuts, which have kept the oil market constrained, will continue until the end of the year, while demand in the US and China has held up. The natural gas market appears comfortably supplied, but prices should tick-up as the Northern Hemisphere winter approaches. And the dramatic price jumps due to fears of strikes at LNG plants in Australia show that volatility is likely to remain a feature of natural gas markets. Coal prices will also be lifted by higher winter-related demand, particularly if low dam levels keep hydropower down. We expect energy prices to generally fall next year as supply improves, and wind and solar output rises.
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