Weekly Price Update Report - Week 51, 2018
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Energy Market ReportsWeekly Price Update Report - Week 51, 2018

Weekly Price Update Report - Week 51, 2018

Ian Mckenna

by Ian Mckenna 19 December 2018

Report Summary:

Bumpy road ahead

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed higher for annual electricity and gas contracts with the temperatures expected to fall further for the balance of December and in January.  The Carbon price gained +15% and the Coal price +3% thus bullishness was seen in wider markets which have a bearing and on UK energy pricing. The Coal price rose on reduced European imports and a higher coal burn in Germany.  Whilst the LNG send out remained strong, some doubt was cast on whether the current strong send out was sustainable with more US cargoes heading elsewhere in lieu. The oil price reduced overall week-on-week, attaining low $60s.  By close of play on Friday (14/12) the April-19 annual electricity and gas contracts closed +5.75% and +4.89% respectively.

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