Monthly Monitor – May 2026

Energy market developments shaping the second half of 2026

The energy landscape continues to evolve as growing electricity demand, infrastructure constraints, geopolitical uncertainty, and regulatory change reshape markets across North America.

Trio's May 2026 Monthly Monitor provides timely insights into the trends influencing energy procurement, budgeting, risk management, and long-term planning.

In this edition:

• Natural Gas Markets
  How the rapid expansion of AI and data centers is driving unprecedented natural gas demand and influencing infrastructure development.
• Regional Power Markets
  What NYISO's 2026 summer outlook means for reliability, pricing, and operational risk amid forecasts for above-average temperatures.
• Crude Oil Commentary
  The latest developments in global oil markets, supply disruptions, strategic reserves, and ongoing geopolitical uncertainty.
• North American Market Developments
  Regulatory reforms, utility rate changes, grid modernization efforts, energy storage developments, and infrastructure investments across Canada and Mexico.

Why it matters

As energy markets become increasingly interconnected, organizations need a clear understanding of the forces affecting costs, reliability, and strategic decision-making. This report delivers concise analysis from Trio's market experts to help organizations navigate a rapidly changing environment.