1 minute read
Rebekah Llamas
Head of Market Intelligence, Power Markets Research

Rebekah Llamas
Head of Market Intelligence, Power Markets Research
Rebekah oversees our Short-term Market Intelligence Team for North America.
Latest articles by Rebekah
-
Featured
Oil, power, gas trading 2025 outlook
-
Opinion
Fully loaded: the potential impact of large demand centres on US short-term power markets
Jim Mitchell
Director of Oil Trading Analytics

Jim Mitchell
Director of Oil Trading Analytics
Jim has 29 years of commodity market experience in crude oil, refined products, shipping, Natural gas, power and grains.
Latest articles by Jim
-
Featured
Oil, power, gas trading 2025 outlook
-
Opinion
What is the market impact of Czech refineries shifting away from Druzhba?
-
Opinion
4 critical moments for North American oil and gas trading
-
Opinion
Big in Japan? The impact of Typhoon Shanshan on oil
Randall Collum
Senior Vice President, Commodity Trading Data and Analytics

Randall Collum
Senior Vice President, Commodity Trading Data and Analytics
Randall is an experienced analyst with more than 20 years of experience in natural gas and oil production analytics.
Latest articles by Randall
-
Featured
Oil, power, gas trading 2025 outlook
-
Opinion
4 critical moments for North American oil and gas trading
-
Opinion
5 factors affecting North American natural gas markets this winter
-
Opinion
What does summer 2024 hold for North American gas and LNG?
-
Opinion
Cold weather impacts on US natural gas
-
Opinion
Lower 48 winter gas production surge
Last year was an eventful year for North American oil, power and gas. From freeze-offs to deliberate production curtailments, traders had to be on top of events as they happened to stay ahead of the market.
Forewarned is forearmed, so what factors and trends will shape supply and demand in coming year? We set out our predictions in What’s ahead for North American oil, power, and gas trading in 2025?
Fill in the form to download your complimentary copy, and read on for a short introduction to a few of the key themes.
Price volatility continues across the oil, gas and power markets in 2025
As we move into 2025, price volatility is expected to remain a key challenge across the oil, gas and power sectors. This is influenced by a variety of factors.
In the oil and gas sectors, one major consideration will be how quickly deferred wells are brought back online. In 2024, weak prices led producers to delay completing wells, directly impacting production levels. Spot prices for natural gas at West Texas trading hubs even dropped into negative territory for extended periods, exacerbated by pipeline maintenance.
In the power sector, price volatility will be shaped by significant changes in demand and supply dynamics. Growing demand from large-load centres, such as AI data centres, manufacturing and crypto mining, is set to disrupt short-term power markets.
For more on these price factors, read the full report.
Consolidation in the Permian Basin will continue to shape the oil and gas sectors
Consolidation is a significant ongoing trend in the Permian Basin, influencing both the oil and gas sectors. Mergers and acquisitions (M&A) shattered records in 2023, with total spending hitting US$130 billion. The streak continued into 2024, with a number of notable deals and acquisitions.
Read the full report for more on this, plus: the role of the US in the global liquids trade, implications of the new TMX pipeline, planned thermal retirements, renewable interconnection delays, extreme weather events and more.