Energy Commodities Price Outlook Economic Forecast

Energy Commodities Price Outlook

Energy prices decline again in December

Energy prices plummeted 8.3% over the previous month in December, falling at a sharper rate than the 5.6% decline logged in November and marking the worst result in 20 months.

Despite largely recovering towards the end of the month, energy prices plummeted on average in December as the spread of the recently discovered Omicron variant intensified worries of a global economic slowdown, with prices for seven out of the eight energy commodities tracked by our panelists falling. Fears of renewed mobility restrictions, notably in the EU and the U.S.,  dealt a massive blow to prices for oil and its derivatives. Moreover, rising production in the U.S. sent prices for natural gas plunging, while subdued demand for steel in China took a toll on prices for coking  coal. Conversely, thermal coal defied the trend, as top  -producer Indonesia’s decision to keep its temporary ban on exports  continued to support prices. However, improved demand prospects amid easing concerns over the economic impact of the latest Covid-19 wave meant that the decline in energy prices was short-lived, with most of the eight commodities regaining lost ground in early January.

For report pricing and subscription information, contact us.



Energy Commodities Historical Price Data

2015  2016  2017  2018  2019  
Brent Crude Oil52.42  43.83  54.26  71.01  64.32  
WTI Crude Oil48.68  43.28  50.84  64.94  56.97  
Gasoline1.94  1.44  1.72  2.04  1.96  
Natural Gas2.63  2.55  3.02  3.07  2.53  
Thermal Coal58.88  65.69  88.19  107.03  78  
Coking Coal 88.38  142.7  188.92  207.39  179.47  
Uranium36.81  26.45  22.06  24.55  25.9  
Gasoil488.16  390.61  482.81  625.62  579.12  


  • Brent Crude Oil prices in USD per barrel (bbl).
  • WTI Crude Oil prices in USD per barrel (bbl).
  • Gasoline prices in USD per gallon (gal).
  • Natural Gas prices in USD per Million of British Thermal Units (MMBtu).
  • Thermal Coal prices in USD per metric ton (mt).
  • Coking Coal prices in USD per metric ton (mt).
  • Uranium prices in USD per pound (lb).
  • Gasoil prices in USD per metric ton (mt).
  • All prices are average of period (aop).

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Upcoming Events

Search form