Weekly Price Update Report - Week 50, 2018
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Energy Market ReportsWeekly Price Update Report - Week 50, 2018

Weekly Price Update Report - Week 50, 2018

Chris Hurcombe

by Chris Hurcombe 10 December 2018

Report Summary:

Demand out performs supply

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed lower for annual electricity and gas contracts thanks to continued strong LNG sendout, a +2.3% softening of household usage consumption and an improved weather outlook for the remainder of December.

The oil price closed +5% higher as the outcome from scheduled OPEC and non-OPEC meetings which took place last week resulted in production cuts totaling 1.2 million barrels per day. The carbon market softened overall during the week but the Coal price gained.   By close of play on Friday (07/12) the April-19 annual electricity and gas contracts closed -0.55% and -1.09% respectively.

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