Chris

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    Chris

    Prices were pushed higher due to a weak contribution from renewables and a required increase in gas-fired generation. The falling oil price, however, managed to keep the price rise moderate in the short term and stable long-term. More
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    Chris

    Gas prices closed a little higher last week due to an increase in gas demand and a number of outages. Longer term, both gas and electricity continue to be on the up due to concerns about global oil supply as the US put pressure on other nations to stop importing Iranian crude oil. More
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    Chris

    The oil prices continue to fall to levels not seen since early April as Saudi and Russia are expected to reverse agreed supply cuts in response to increasing US output. This, coupled with significant restocking and strong wind generation during the week, helped the traded gas price move downwards. More
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    Chris

    A volatile week

    05.06.2018

    Short-term gas prices were quite volatile during the week but ultimately ended higher as a result of issues restricting flows from Norway. Longer term prices resisted the increase, helped by a stronger pound. Electricity generally followed suit, however, the news that the Hinkley Point B nuclear station was expected back online kept increases in check. More
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    Chris

    Despite the good weather last week, short-term gas prices took a big step upwards once again, helped along by outages on the continent. All prices were volatile during the week, ultimately ending higher and tracking oil again in the longer term. More
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    Chris

    The summer weather last week helped the market in gas to move into oversupply and consequently, a reduction in short-term prices, with electricity obediently following suit. Longer term, however, the opposite proved true, with prices continuing to track with the oil price and the weakening pound. More

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