Power Annuals spike then slump

Tuesday 18th June 2019

Gas and power markets have fluctuated in the first half of June, first pushed higher by sustained (relatively) cold weather and then by the threat of increasing crude oil. Markets then turned on bearish fundamentals.

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Oil and coal collapse dragging power down

Tuesday 4th June 2019

After a fairly benign fortnight for markets through the second half of May, there was a dramatic downturn at the end of last week. This was predominantly driven by a collapse in oil markets - around $10 / 13% came off Brent in 10 days. The bearishness here, as well as for coal and later carbon (as ‘No Deal’ became more likely ...

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Prices rebound on cooler weather and stronger oil

Tuesday 21st May 2019

The first half of May has seen gas and power markets recover from the downturn at the end of April. There have been two key drivers for this – the weather and the prospect of higher oil prices.

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Annuals collapse whilst short-term recovers

Tuesday 7th May 2019

We have seen a sharp reversal in gas and particularly power markets over the last fortnight. A lot of the spike in prices from the beginning of April has been wiped out. The key drivers for this have been a correction in coal, carbon and oil prices. Brent crude hit a 6-month high mid-April, but has now eased back as ...

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Markets spike on gas outages and record high carbon

Thursday 18th April 2019

It has been a generally bullish fortnight, with significant spikes in the gas and power markets on 3rd and 4th April. This came after further declines at the start of the month and effectively wiped out two months’ worth of reductions. Markets have since began to reverse again, with weather-driven reductions in the short-term curves influencing Annuals. However ...

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