Commodity prices the key uncertainty for energy industry, survey shows
A survey of global energy industry stakeholders has revealed that volatile commodity prices are now regarded as the “number one critical uncertainty” facing the sector. The World Energy Council (WEC) published its 2016 World Energy Issues Monitor on Thursday 10 March. It said that the movement of commodity prices to a position of “extreme importance” in every region reflected the severity of the current environment, and the “enormous pressure” on key players throughout the energy sector. Innovation––and in particular issues related to storage, market design, and climate resilience––had also moved higher on the energy agenda, the report said.