![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
Editor's letter
This year has already kicked off with energy price spikes and concerns over security of supply, and these look set to remain a dominant theme this year. Whether it was driven by economics or politics, the Russia/Ukraine gas dispute flags up the risks to all energy consumers of being too dependent on one fuel source from one region. It also clearly demonstrates the new globalisation and interlinkage of different energy markets.
If the oil prices rises of 2004 were driven largely by demand, and the price spikes of 2005 caused mainly by supply concerns, then 2006 looks set to have its fair share of both. The US Energy Information Administration forecasts domestic energy demand to continue rising by 2% in 2006, despite the rising price of oil. WTI crude oil is forecast to average $63 per barrel in 2006 up from $57/bbl in 2005.
In this issue, the International Energy Agency's chief economist Fatih Birol talks exclusively to Energy Risk about his forecasts of tight markets and high prices in the coming years (see page 52).
All these fundamentals will ensure that the cost of energy, and managing that cost remains a major focus throughout this year. The outlook for the energy markets, and for energy traders themselves, is discussed in our Outlook for 2006 on page 37.
On another note, Energy Risk is sad to say goodbye to our US-based reporter Joe Marsh, who is joining our sister magazine Asia Risk. Good luck in Hong Kong, Joe!
Finally, as we progress into another year, Energy Risk would like to wish all its readers a healthy, happy and wealthy 2006. PS: Thanks to everyone who voted in our dealer and brokers rankings - the results will be published in the next issue.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Energy
Energy Risk Commodity Rankings 2024: markets buffeted by geopolitics and economic woes
Winners of the 2024 Commodity Rankings steeled clients to navigate competing forces
Chartis Energy50
The latest iteration of Chartis’ Energy50 ranking
Energy trade surveillance solutions 2023: market and vendor landscape
The market for energy trading surveillance solutions, though small, is expanding as specialist vendors emerge, catering to diverse geographies and market specifics. These vendors, which originate from various sectors, contribute further to the market’s…
Achieving net zero with carbon offsets: best practices and what to avoid
A survey by Risk.net and ION Commodities found that firms are wary of using carbon offsets in their net-zero strategies. While this is understandable, given the reputational risk of many offset projects, it is likely to be extremely difficult and more…
Chartis Energy50 2023
The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it
ION Commodities: spotlight on risk management trends
Energy Risk Software Rankings and awards winner’s interview: ION Commodities
Lacima’s models stand the test of major risk events
Lacima’s consistent approach between trading and risk has allowed it to dominate the enterprise risk software analytics and metrics categories for nearly a decade
2021 brings big changes to the carbon market landscape
ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis