Energy market report

What has happened to the energy market in recent months?

As usual, market trends were strongly influenced by the geopolitical situation:

• The escalation of the Israeli-Palestinian conflict contributed to a sudden spike in gas prices, although high temperatures and low demand pushed down gas prices in late November and December.
• However, the news from the Middle East is far from reassuring. The spread of the situation in the Red Sea region needs to be monitored, as the impact on LNG gas flows to Europe could lead to higher gas prices.