Name: Europe energy prices: January 2025
Brand: Wood Mackenzie
SKU: 194832
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Commodity Market Report 17 February 2025

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Europe energy prices provides a comprehensive outlook for fuels, carbon and power prices in Europe to 2050. Oil prices are set to weaken by $2–3/bbl compared to spring forecasts, with demand peaking at 108.7 mb/d in 2031 before declining. Risks include Middle East tensions and OPEC+ strategies. Gas prices remain volatile due to geopolitical risks, but LNG supply growth from 2026–2029 will pressure prices down. Coal prices stay suppressed amid falling EU demand. Carbon prices remain weak but are supported by market rules and gas prices. Power prices stay high until 2030 before falling with decarbonization.</div>
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<p class="font-regular" >Europe Energy Prices Jan 2025.pdf</p>
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