Market Data
December 19, 2021
Energy Market Analysis through December
Written by Brett Linton
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com.
The Energy Information Administration’s December Short-Term Energy Outlook (STEO) remains subject to high levels of uncertainty because of the unique nature of a pandemic-era economic recovery and the uncertain impact of the Omicron variant. Combine that with potential winter weather impacts and ever-evolving consumer behavior, and the result is a wide range of possible outcomes for future global energy consumption. EIA forecasts oil prices to remain near current levels throughout 2022, while natural gas prices could experience volatility as winter temperatures drive demand and prices.

