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. 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.
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