Weekly Price Update Report - Week 42
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Energy Market ReportsWeekly Price Update Report - Week 42

Weekly Price Update Report - Week 42

Chloe Robinson

by Chloe Robinson 16 October 2017

Report Summary:

Short term prices fall

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Shorter term prices fell thanks to unseasonable warmer weather both suppressing demand and leaving the gas network with excess supply.  However limiting losses was maintenance on the Norwegian gas shelf and the 2.79% increase in the oil price which rose as EIA data showed a weekly drop in US crude production and on evidence that the supply glut was tightening .  Coal also gained during the week on higher demand from China and India and a higher fuel burn in Germany.  By Friday, the April 18 annual electricity and gas products rose 0.84% and 0.81% respectively.

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