Weekly Price Update Report – Week 31 2019

weekly-energy-report

Latest Update

Prices declined nicely over the week finishing at a low point on Friday, but the outlook on Monday didn’t indicate that it would be such a positive week in the market. With Monday influenced by strong European carbon prices and a heightening of tension in Iran causing further price concern for Brent crude oil prices. Above normal seasonal weather increased demand for cooling but healthy supplies and positive system response managed to contain any price rises, with prices falling on Friday afternoon to healthy levels.