Weekly Price Update Report – Week 37 2019


Latest Update

UK energy prices ended the week considerably lower despite an elevation in domestic demand.  A considerable rise in LNG send out created additional supply surplus to our domestic requirements.   The European Carbon price dropped to a level not seen since June 2019 on Brexit nervousness ahead of the first Parliament meetings after the traditional summer break.  The Oil price gained from a draw-down in US crude inventory according to EIA data.  Gas stocks ended the week higher also.  By close of play on Friday (06/09) the October-2019 annual contracts for electricity/gas closed lower -1.90%/-2.13% respectively.