# Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp

> A global energy shortage has pushed coal, gas and oil prices sharply higher, with China reporting low coal stocks at power stations. Gas inventories are 5% below the pre-pandemic seasonal average in the U.S. and 15% below in Europe, while front-month gas futures have risen 140% in the U.S. and far more in Europe and Northeast Asia.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: macro · region Global · magnitude high
- Page: https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Broad energy tightness raises production and processing costs for feed and fertilizer, and coal shortages in China increase power and industrial costs. Higher energy prices support the cost floor for feed commodities.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-21 | [Surging Energy Prices May Not Ease Until Next Year](https://feedsoft.ai/events/11752-surging-energy-prices-may-not-ease-until-next-year.md) | +20.7% | -4.0% |
| NATGAS | 2021-01-14 | [What the Rally in Gas Prices Tells us about Gas Markets and Energy Security](https://feedsoft.ai/events/49334-what-the-rally-in-gas-prices-tells-us-about-gas-markets-and-energy-security.md) | -10.2% | +55.7% |
| NATGAS | 2021-09-24 | [Europe's gas prices surge but who will cut consumption? Kemp](https://feedsoft.ai/events/7929-europe-s-gas-prices-surge-but-who-will-cut-consumption-kemp.md) | +15.4% | +1.4% |
| 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 | 2021-10-19 | [Global gas shortage helps lift prices in United States \| Reuters](https://feedsoft.ai/events/44760-global-gas-shortage-helps-lift-prices-in-united-states-reuters.md) | +16.2% | -2.2% |
| WTI | 2026-09-28 | [Oil Market Split Shows Why Fuel Shortages Are Outpacing Crude Supply \| Investing.com PH](https://feedsoft.ai/events/17634-oil-market-split-shows-why-fuel-shortages-are-outpacing-crude-supply-investing.md) | +9.2% | +22.8% |
| WTI | 2020-11-09 | [Oil prices are surging on hopes that a vaccine will end lockdowns \| Fortune](https://feedsoft.ai/events/11797-oil-prices-are-surging-on-hopes-that-a-vaccine-will-end-lockdowns-fortune.md) | +8.0% | +23.5% |
| WTI | 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) | +18.2% | +39.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/worldwide-energy-shortage-shows-up-surging-coal-gas-oil-prices-kemp-2021-09-24/

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