Weekly Price Update Report - Week 48, 2018
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Energy Market ReportsWeekly Price Update Report - Week 48, 2018

Weekly Price Update Report - Week 48, 2018

Ian Mckenna

by Ian Mckenna 27 November 2018

Report Summary:

Curve prices fall further ahead


NBP Natural Gas & GB Power Market Movement

Prices closed lower for curve electricity and gas contract respectively. A strong 11.92% fall in the oil market came about with supply expected to outstrip demand in 2019 The Coal market closed lower by 1.47%  with a lower than expected Hard Coal burn in Germany but the Carbon market gained 5.67%. The LNG send-out was very strong by the end of the week, at 65 MCM compared to  stable to the previous week when it was at 19 MCM with more tankers expected to arrive. The previous reported weather outlook for cold spells from mid November right through to the end of November and for the early to mid part of December has failed to surface so far.   The performance of the GB Pound Vs the Euro improved consecutively from the 21st November.  By close of play on Friday (23/11) the April-19 annual electricity and gas contracts closed -2.96% and -4.81% respectively.

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