Energy prices: When will costs go down?

Oct 27, 2021

Silicon Valley power plant, United States, at night pictured next to a full moon.

Natural gas prices jumped in recent months. Image: Photo by <a href="https://unsplash.com/@publicpowerorg?utm_source=unsplash&utm_medium=referral&utm_American Public Power Association

Nico Valckx

Economista Principal, Departamento de Mercados Monetarios y de Capital del FMI

Martin Stuermer

Economist, Commodities Unit of the IMF's Research Department

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Natural gas prices jumped in both Europe and Asia this year, a change for markets that are typically more localized.

Weekly average natural gas prices in US dollars per million BTU Image: Bloomberg; Argus Direct; and IMF staff calculations

Energy futures indicate that prices are likely to moderate in coming months.

Prices of fossil fuels and their projections. Image: IMF Primary Commodity Price System Database; and IMF staff calculations.

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