# Surging Energy Prices May Not Ease Until Next Year

> The IMF reports that spot natural gas prices have more than quadrupled to record levels in Europe and Asia, an unusually global and persistent spike. Brent crude recently hit a seven-year high above $85 per barrel as buyers switched to oil, and coal prices reached their highest since 2001. The IMF expects prices to revert to more normal levels early next year.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11752-surging-energy-prices-may-not-ease-until-next-year
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher energy costs raise inflation and slow growth, while coal and oil substitution lifts fuel and power costs for agriculture and processing. The expected easing in early 2022 limits how long that pressure lasts.

## Read by commodity

- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +15.4% | +1.4% |
| NATGAS | 2018-07-03 | [Gas traders fear US winter price spike - Energy Risk](https://feedsoft.ai/events/64222-gas-traders-fear-us-winter-price-spike-energy-risk.md) | -1.3% | -2.8% |
| NATGAS | 2021-10-06 | [Sterling volatility jumps as soaring energy prices knock pound \| Reuters](https://feedsoft.ai/events/44810-sterling-volatility-jumps-as-soaring-energy-prices-knock-pound-reuters.md) | -14.5% | -14.3% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| BRENT | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +1.7% | +10.1% |
| BRENT | 2018-04-26 | [Emerging markets performance tied to oil price surge, says Nomura \| Commodity News - Energy - Business Standard](https://feedsoft.ai/events/65794-emerging-markets-performance-tied-to-oil-price-surge-says-nomura-commodity-news.md) | -0.9% | +7.2% |
| BRENT | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +16.6% | +35.6% |

## Sources

- imf.org: https://www.imf.org/en/blogs/articles/2021/10/21/blog-surging-energy-prices-may-not-ease-until-next-year

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.