BUSINESS ENERGY MAY 24 NEWS

May Energy Market:

The energy market is currently stable despite recent unplanned outages in Norway. ?Overall demand is below seasonal norms and rising temperatures have slightly subsided demand.

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Yet LNG supplies remain limited causing some strain on the market. Lower wind output and several nuclear reactors also?being offline for maintenance put?more reliance on?gas-fired power.

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Additionally, ongoing attacks on Russian oil infrastructure have added market pressure. This combination of factors of reduced energy demand, tight LNG supplies, and geopolitical tensions maintains a balanced but precarious energy market.

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Considering the unpredictable nature of the energy market, it's important to factor in various influences like weather, currency, and supply and demand changes. These insights help businesses make better decisions about their energy needs. These reports aim to empower businesses to make better-informed decisions regarding their energy procurement.

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