Monthly Outlook Dec-24
Conditions for both European gas and power markets stabilization are unlikely to be met by 2025. As the end of Russian gas approaches, timely development of liquefaction capacity will be key for the long-awaited price normalization from 2026.
by Monthly Outlook Nov-24
Global gas market tensions will remain high in 2025, impacting electricity prices despite favorable renewable production. Exit tariffs on Italian borders limit the potential for gas exports to Central and Eastern European countries.
Monthly Outlook Oct-24
Escalating geopolitical tensions prevent gas and power prices from moving lower despite weak fundamentals. The timely regasification capacity development in Europe is crucial to address the anticipated halt of Russian flows via Ukraine in 2025.
Monthly Outlook Aug-24
Unplanned LNG outages and geopolitical uncertainties limit the downside for gas and power prices in the short term. The timely commissioning of new liquefaction capacity is crucial for maintaining market stability, particularly during winters.
Monthly Outlook Jul-24
Before new US and Qatar plants come online, the demand-supply margin is not enough to dismiss the risk of renewed global LNG tensions. Despite record RES, ample imports, and subdued demand, a rebound in gas and power prices cannot be ruled out.
Monthly Outlook Jun-24
Despite a weakening of the electricity market fundamentals, chances for prices to move lower are limited, in wake of logistic costs highly uncertain dynamics and risks for the gas market relating to the global LNG demand-supply close margins.
Macroeconomic Outlook Apr 2024 – Anno IX n. 27
The construction and the industrial sectors are expected to support the Italian GDP, with wage dynamics, disinflation, and investments recovery seen as pivotal to a consolidated although moderate growth.
Macroeconomic Outlook Sep 2023 – Anno VIII n. 25
The economic outlook remains uncertain, with further monetary policy tightening, a progressive deterioration of financial conditions and demand weakness weighting on output growth.
Macroeconomic Outlook May 2023 – Anno VIII n. 23
In 2023 the inflation trajectory plays a crucial role in defining the economic outlook performance. Private consumption and industry investments remain subdued and may limit growth in the short term, wit h the BCE tightening cycle ongoing.
Macroeconomic and Commodities Outlook May 2021 – Anno VI n. 17
Monitoraggio e previsione sull’andamento dei mercati