Energy Market Data - Abundant IoT

Current Energy Market Conditions and Predictions

At Abundant IoT, we help businesses navigate these evolving markets, leveraging insights to optimize energy strategies and enhance sustainability initiatives. Together, let’s harness the power of innovation and growth for a brighter, more abundant future.
Explore the latest trends shaping global energy markets in our comprehensive forecast for 2024 and 2025.

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Key Highlights

Natural Gas Storage and Prices:

Inventories ended winter 4% below average. Henry Hub prices forecast at $4.30/MMBtu in 2025 and $4.60/MMBtu in 2026 due to stronger heating demand and tighter supply.

Global Oil Production:

Brent crude fell 14% to $66/b after U.S. and China announced tariffs and OPEC+ advanced production increases. Market volatility is expected as traders react to geopolitical and policy changes.

Oil Prices:

Brent prices are projected at $68/b in 2025 and $61/b in 2026 due to higher inventories, production increases, and slower demand growth. Uncertainty from sanctions and geopolitics remains high.

U.S. Crude Oil Production:

We’ve reduced expected oil demand to 0.9 million b/d in 2025 and 1.0 million b/d in 2026. Trade uncertainty and economic risks are weighing on demand projections.

Global Oil Consumption:

Growth remains below pre-pandemic trends, with global consumption of liquid fuels increasing by 1.3 million b/d in 2025 and 1.1 million b/d in 2026, primarily driven by demand in Asia, particularly India.

U.S. Gasoline Prices:

Summer 2025 gasoline prices are forecast to average $3.10/gal—20 cents lower than previous estimates—making it the lowest inflation-adjusted summer average since 2020 due to falling crude prices.

Electricity Generation:

Hydropower generation expected to grow 7% in 2025 as drought conditions ease. Renewables continue to drive electricity generation growth across the U.S. energy mix.