Weekly Price Update Report - Week 32, 2018
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Energy Market ReportsWeekly Price Update Report - Week 32, 2018

Weekly Price Update Report - Week 32, 2018

Chris Hurcombe

by Chris Hurcombe 06 August 2018

Report Summary:

Prices calm until Friday afternoon


NBP Natural Gas & GB Power Market Movement

UK energy prices rose on Monday on undersupply caused by various outages and a rising oil market as the US threat to cease Iranian oil exports intensified. On Tuesday prices were more stable with the continent importing less UK gas and an improved outlook wind power output.

Mid-week, on Wednesday, prices fell with less pressure on the UK gas infrastructure and a weekly rise in US oil stocks.  Further (planned) outages was the main driver for prices on Thursday .  Overall, capping price gains was a weekly 1.44% decrease in the Coal market.  Whilst the oil price gained in parts, this commodity closed for the week -1.45% or the equivalent of -$1.08 per barrel settling at $73.21.  Total UK gas stocks surpassed gas stocks recorded the same time last year.  LNG send out fell back +25%.

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