Energy Management

Webcast: How the COVID-19 Crisis Has Affected the Energy Markets

2 min read

In the latest episode of Fortunato & Friends, Exelon Chief Economist Ed Fortunato interviews Peter Rosenthal, Head of Power Research at Energy Aspects, on how the COVID-19 crisis has affected energy markets. Keith Poli, a member of Constellation’s Commodities Management Group, moderated the conversation and shared insights.

The three speakers deliberated on the following questions:

  • Before diving into the effects of the COVID-19 crisis on energy markets, another current event to consider is Hurricane Laura. How is this weather event affecting the energy business?
  • What has surprised you in terms of behaviors and energy market trends due to COVID-19 so far this year? On the commercial side, can you quantify the impact of schools reopening on the country and power markets?
  • What do you predict will be the high price range of the NYMEX January contract? Is the $2.50 run up we saw going to be enough for internal rates of return for producers?
  • A return to normal LNG export capacity utilization will hinge on a normal global winter while US oil production declines will persist through next year. What are the winter weather drivers for both gas heating and LNG exports? Where will gas prices go over the winter and going forward?
  • How much of the natural gas supply price reduction was caused by COVID-19 and lower commercial usage versus over supply suppression adjustments?
  • Are we more likely to see inflation or deflation at the end of the COVID-19 crisis?
  • Trends have accelerated across many different businesses in this COVID-19 environment, but what are some future trends to expect for energy?

Listen to the full webcast below to hear expert insights.

Every month, Fortunato & Friends, a live webcast interview, will feature a special guest on a topic related to driving factors impacting the energy market. Register for the next Fortunato & Friends webcast on October 6th with David Brown, SVP of Federal Government Affairs and Public Policy at Exelon to discuss the upcoming election and its potential impact on energy policy.

Register today

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