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Stamford, CT, February 29, 2016 — Today, Tradition Energy announced its 2016 Energy Price Forecast for commodity prices, to the public. The 28-page report, made available to Tradition clients over the past few weeks, identifies the key factors likely to drive energy price volatility over the year as well as price estimates for electricity, natural gas, crude oil, gasoline and diesel.
In its Forecast, Tradition projects electricity and natural gas prices at the start of the year will remain low, but are expected to rebound in the second half of 2016 when the supply and demand balance for natural gas stabilizes.
“Henry Hub natural gas prices are likely to remain bearish in the first half of 2016 as record production levels of gas outpace industrial demand and export growth for at least six more months,” said Gary Cunningham, head of Market Research at Tradition Energy. “Natural gas, and subsequently electricity, will see a rebound late in 2016 as demand increases and production does not keep pace.”
The forecast prices below are for the average daily market price of each commodity from January 1 through December 31, 2016.
TRADITION ENERGY – 2016 ENERGY PRICE FORECAST
Tradition Energy, Scott Merrell, Sr. Director, Sales & Marketing, 713-609-9922 Scott.Merrell@TraditionEnergy.com
About Tradition Energy
Tradition Energy is one of the world’s largest and most experienced full-service energy management consultants serving more than 1,100 commercial, industrial and governmental clients ranging from Fortune 500 global companies to medium-sized businesses to local municipalities. Tradition Energy is part of the Tradition Group, a leading global institutional broker of financial and commodity products. Tradition employs over 2,400 people in 28 countries around the world and is publically listed on the Swiss stock exchange (CFT). www.Tradition.com