Gas | Power |
Market Close | Market Close |
Higher storage injections supported near-curve prices on Friday. Stronger oil prices supported the gas far-curve as the US Dollar weakened slightly. | Prices were relatively high on Friday and over the weekend amid tight conditions in the market. Curve prices were supported as fuel prices showed resistance. |
Market Open | Market Open |
Gas prices have dropped this morning amid an oversupplied system. Four Qatari LNG tankers are due to arrive in the UK this week, which is likely to maintain strong send-out at UK terminals. Heating demand could be higher today amid cooler temperatures, which are expected to rise later in the week. Far-curve prices are expected to fall as they track weaker oil prices. | Power prices have fallen this morning, tracking the gas curve. Brent oil is expected to retrace back some of the previous gains. EU Parliament discussions on amendments to the EU ETS reform on Tuesday, and the delayed release of the main committee amendments on Friday could move prices up this week. |
Brent Summary 1-year forward prices |
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