- The Market Expert View: Fuel Update
The Market Expert View: Fuel Update
Since the last Market Expert View, we’ve seen a broad rally in fuel markets. CO2 prices are trending upwards due to a delay of auctions early next year, with further support coming from the EU member states recent backing of a 55% reduction target by 2030.
In gas markets, strong Asian winter demand has led to a price rally that European markets have not been able to follow. Asian demand has also been driving a rally in the coal market, with Chinese domestic production struggling to keep up with strong winter demand. What will the situation be later this winter and further into 2021?
Volue Insight follows global and European fuel markets closely at the moment and we will share our thoughts. We will also invite back our partners from Perret Associates to provide their insight into the coal markets.