Energy prices decreased 7.4% month on month in September, following August’s 5.4% fall.
Energy prices fell for the fifth consecutive month in September. Almost all fuels posted losses for the second consecutive month, with OPEC+’s looming output hike and lingering concerns about the Chinese economy again driving investor bearishness in the crude oil market. U.S. diesel and gasoline prices also fell, as demand remained weak. In the coal market, Australian coking and thermal coal prices both declined, as demand from China dried up on high inventories and weak economic activity. The final declines were for uranium and EU natural gas, the former weighed on by a scaling back of market speculation and the latter by weak consumption and strong wind power output. U.S. natural gas, in contrast, posted the only gain, aided by record-low summer storage injections.
This chart displays Brent Crude Oil (US$/bbl) from 2022 to 2024.
Energy Historical Price Data
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| European TTF Natural Gas | 16.80 | 11.25 | 10.80 | 13.56 | 8.79 | 10.00 | 11.49 | - |
| Diesel | 2.90 | 2.43 | 3.01 | 2.82 | 2.69 | 2.51 | - | - |
| RBOB Gasoline | 2.52 | 2.60 | 2.72 | 2.20 | 2.37 | 2.57 | 2.26 | - |
| U.S. Henry Hub Natural Gas | 2.78 | 2.33 | 2.66 | 2.92 | 2.11 | 2.33 | 2.23 | - |
| Australian Thermal Coal | 255.36 | 161.32 | 146.92 | 134.98 | 127.17 | 136.11 | 140.29 | - |
| Australian Coking Coal | 342 | 244 | 262 | 333 | 306 | 243 | 211 | - |
| Uranium U3O8 | 50.39 | 50.95 | 50.95 | 72.06 | 96.40 | 88.85 | 81.98 | - |
| Brent Crude Oil | 82.24 | 77.89 | 85.88 | 82.97 | 81.87 | 85.02 | 78.87 | - |
| WTI Crude Oil | 76.04 | 73.53 | 82.11 | 78.45 | 77.48 | 81.77 | 76.60 | - |