Market Update
Gas market update: In its first session as the front month the January-24 contract made modest gains of 1.47p/th as the market moved sideways
Gas market update: Gas in storage has decreased by 2.47% in a week as a result of withdrawals to meet increased heating demand across Europe
Gas market update: Low levels of wind generation coupled with the lower temperatures helped prompt contracts to gain in value across the session
Power market update: Taking a lead from the Dec-24 on the previous session, the Dec-23 EUA contract dipped to a new 13-month low of €70.43/tonne
Power market update: On expiry, the Dec-23 baseload power contract continued its recent downward trend being assessed for the final time at £89.90/MWh
Oil market update: OPEC+ extended its voluntary oil production cuts of 2 million barrels per day into early 2024, but fell below expectations
Oil market update: The January Brent contract fell marginally by 27 cents closing at $82.83 a barrel
Gas market update: In its first session as the front month the January-24 contract made modest gains of 1.47p/th as the market moved sideways
Gas market update: Gas in storage has decreased by 2.47% in a week as a result of withdrawals to meet increased heating demand across Europe
Gas market update: Low levels of wind generation coupled with the lower temperatures helped prompt contracts to gain in value across the session
Power market update: Taking a lead from the Dec-24 on the previous session, the Dec-23 EUA contract dipped to a new 13-month low of €70.43/tonne
Power market update: On expiry, the Dec-23 baseload power contract continued its recent downward trend being assessed for the final time at £89.90/MWh
Oil market update: OPEC+ extended its voluntary oil production cuts of 2 million barrels per day into early 2024, but fell below expectations
Oil market update: The January Brent contract fell marginally by 27 cents closing at $82.83 a barrel
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