Weekly Price Update Report - Week 49, 2018
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Energy Market ReportsWeekly Price Update Report - Week 49, 2018

Weekly Price Update Report - Week 49, 2018

Chris Hurcombe

by Chris Hurcombe 03 December 2018

Report Summary:

Further falls followed by more gains


NBP Natural Gas & GB Power Market Movement

Prices closed higher for annual electricity and gas contracts. Compared to the previous week where there was a  strong 11.92% fall, last week the oil price continued to reduce but incrementally in comparison. The Coal market rose just below 3%. Mitigating some of the bullishness in wider fuels were bearish fundamentals: the LNG send-out was very strong by the end of the week, at 71 MCM compared to 65 MCM the previous Friday. LNG cargoes remain en route to the UK.  Household demand fell week-on-week due to less cooler temperatures with further improved temperatures expected in parts in week 3th December.  By close of play on Friday (30/11) the April-19 annual electricity and gas contracts closed +0.70% and +0.48% respectively.

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