Weekly Price Update Report - Week 9, 2019
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Energy Market ReportsWeekly Price Update Report - Week 9, 2019

Weekly Price Update Report - Week 9, 2019

Ian Mckenna

by Ian Mckenna 25 February 2019

Report Summary:

Prices slide further down


NBP Natural Gas & GB Power Market Movement

UK gas consumption was once again softer week-on-week which drove prices lower once again.    LNG send out remained fairly strong but stable at 47mcm by Friday.   Norwegian gas imports remained close to capacity and are expected to remain that way in week 25th February.  UK gas production was also robust and stable. 

A combination of strong supply along with reduced demand contributed to falling prices overall.  The Carbon price fell starkly once again -7.19% and the Coal price closed the week slightly lower.  The Oil price did however recovered +1.31% but bearish market fundamentals outweighed.  By close of play on Friday (22nd February) the April 2019 annual contracts for electricity and gas closed -lower -2.49% and -2.01% respectively.

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