Oil & Markets

 

Daily Energy Market Report Tuesday 8th October 19: European equities got off to a more positive start this week, failing to follow suit from another weak session in Asian markets as speculation around the resumption of US-China trade talks ramps up.

However, weak initial signs for the UK retail sector together with ever-present Brexit concerns portend further volatility for the coming weeks.

Moves in sterling were unremarkable through the session with little concrete yet to give players impetus in either direction.

Oil prices firmed at the open, pricing in concerns over disruption to Iraqi supply, though failed to hold on to the comparatively marginal gains.

 

Gas & Power

 

A well-supplied system and a schedule increasingly filled with LNG deliveries heading for the UK spurred a bearish open to Monday’s session.

Rising levels of output from renewable generation contributed to comfortable intra-day supply, keeping total gas demand to the levels seen over the weekend. Near-curve prices were plumbing close to if not at new lows for the year as a result.

A turn in direction in carbon after a heavy early sell-off saw sentiment change by the afternoon, pushing value back into the curve and allowing monthly prices to largely recover earlier losses.

Daily Energy Market Report Tuesday 8th October 19 brought to you by British Utilities

, , , , , , , , , , ,
Previous Post
LEGO new pilot for collecting unwanted plastic bricks
Next Post
Energy efficient housing project wins Stirling Prize

Related Posts

Small Business Market Update Tuesday 13 Nov 18

Small Business Market Update Tuesday 13 Nov 18   What has happened to Gas prices this week?   UK Gas prices are showing no let-up in the upward movement being seen in the market currently. Another week closes in which gas prices has made significant gains across the curve.   Oil prices continue to remain…
Read More
Menu