Market Data
September 30, 2020
SMU Energy Analysis for September
Written by Brett Linton
The September Energy Information Administration (EIA) Short Term Energy Outlook remains subject to heightened levels of uncertainty due to evolving COVID-19 mitigation and reopening efforts. In its outlook, EIA reports that reduced economic activity has caused changes in energy demand and supply patterns. Crude oil production has risen as operators have brought wells back online in response to rising prices. EIA expects that high inventory levels and surplus crude oil production capacity will limit upward pressure on oil prices. EIA forecasts that rising domestic demand, combined with reduced production, will cause natural gas spot prices to rise in 2021.
Spot Prices
