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April 2024 Energy Market Update

As April draws to a close, let's delve into the recent developments shaping the energy market landscape. Here's a breakdown of the key highlights from each week in April:

Week of April 4, 2024 – Assessing Shifting Markets Amid Rising Tensions

Concerns arose over gas and electricity price trends amidst US redirection of LNG to Europe due to canal constraints. Despite challenges, wind power and nuclear capacity grew, but limited LNG supply hinted at bullish sentiment. Winter 2024-25 outlooks face potential reductions influenced by European gas reserves and rising renewables.

Week of April 10, 2024 – Long-Term Prospects Amid Shifting Dynamics

Mid-April saw longer-term deals emerge amidst changing perspectives, driven by factors like the end of the winter heating season and strong European storage. Despite disruptions, longer contracts gained value in a stabilising landscape.

Week of April 18, 2024 – Fluctuations Amid Geopolitical Tensions

Price hikes occurred due to Middle East tensions and Chinese LNG demand, with Iran-Israel tensions and coal supply issues adding pressure. Despite increased LNG to the UK, shorter contracts prevailed amid geopolitical uncertainties.

Week of April 26, 2024 – Navigating Volatility in a Shifting Market

April's end saw consistent price drops but persistent upward trends, with geopolitical tensions contrasting improved flows and potential LNG restarts. Concerns over Iran's threats underscored strategic risk management needs.

Concluding Thoughts: Adapting to Market Realities

As April ends, the energy market is still uncertain due to geopolitical issues and supply problems. Short-term trends go up and down, but long-term success depends on how well we adapt to changes. It's crucial for everyone involved to stay alert, flexible, and make smart choices to navigate through these challenges in the energy industry.

For further insights and information on the dynamic landscape of the 2024 energy market, feel free to contact us:

☎️ 01738474630

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