“The coronavirus crisis has led to a reduction in the consumption of industrial commodities. This has reduced stock exchange prices for oil, electricity and natural gas. BHS economist Štěpán Křeček.
Fuel prices stopped rising last week. However, the outlook for the coming months is not favorable for drivers. World oil markets have maintained the highest prices since March this year. This will also be reflected in the prices of petrol and diesel at petrol stations with a time lag. Oil traders anticipate that coronavirus vaccines will restore the global economy, accompanied by increased demand for oil. The result will be a continuing rise in the price of black gold.
In addition to fuel, people will probably have to pay extra for electricity. The main reason for the price increase is similar to that of oil. The expected growth of the economy will increase the demand for electricity. This will amplify new trends in the future, such as electromobility. In addition, the closure of nuclear power plants in Germany continues. One MWh is traded on the stock exchange for 45 euros, which is 5 euros more than at the beginning of November.
Natural gas suppliers are also likely to increase the price. This commodity is trading in the markets for $ 2.9 per MMBtu, which is about 14 percent more than three months ago. The development of the gas price will be affected by the weather in the coming months. A cold winter would increase gas consumption and probably lead to further price increases. People should therefore consider whether it pays to fix the price of natural gas at their suppliers.
Ing. Štěpán Křeček, MBA
As Chief Economist at BH Securities as, he is responsible for creating macroeconomic and market analyzes. He also communicates with the public and the media. As a guest of television and radio programs, he often comments on current economic events. He is currently one of the most quoted Czech economists. He graduated from the Faculty of Economics at the University of Economics in Prague, where he also works and teaches several subjects. From a professional point of view, it focuses on the analysis of the Czech economy, social systems and public budgets. He has written a number of professional papers on these topics. He enjoys sports, reading and listening to classical music.
BH Securities a.s.
BH Securities is a licensed securities trader and a member of the Prague Stock Exchange. The company was founded in 1993, shortly after the establishment of the capital market in the Czech Republic.
Today, BHS is one of the most important non-bank securities dealers on the Czech capital market and has been providing individualized investment services without changing its name or approach for 25 years.
BHS offers a wide portfolio of investment services. In addition to trading on the capital markets, these are mainly asset management, individual investors’ funds, bond issues and trading, mutual funds and investment gold.
More information can be found at: www.investice.cz/ or to: www.bhs.cz.
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