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Tim

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    Tim

    Electricity and gas exhibited volatility last week with surges in the carbon price being offset by the continued influx of Liquefied Natural Gas. The expectation is that the volatility will continue this week as the 12 December General Election approaches and the impact that Brexit may have. More
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    Tim

    Both gas and electricity power contract prices have increased this week between 0.8% and 1.6%. A major factor in this is the news of an Iranian oil tanker being hit by two missiles off the coast of Saudi Arabia leading to oil jumping 2% in a day.  In addition, in electricity, there has been an increased risk premium following a short unplanned outage at the Hartlepool 1 reactor. More
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    Tim

    Gas and electricity prices saw significant increases over the past week. The drone attacks over the weekend in Saudi Arabia saw Brent Crude markets surge as supply concerns grow. Losses to Saudi production capacity is currently curbing around 5% of global supply. More
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    Tim

    Lower liquefied natural gas storage levels and an unplanned outage to the Norwegian gas processing plant, Nyhamna, has seen gas prices increase this week. However, oil and electricity prices dropped by over 3% due to signs that Sino-US trade tensions were easing, after President Trump and President Xi struck conciliatory tones at the G20 meeting. More
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    Tim

    Energy costs reduced again due to healthy gas storage and assumed weaker demands for summer bringing down the cost of coal and carbon too. Brent Crude costs fell significantly after the US announced that they will impose tariffs on Mexican imports; their trade war weighing heavily on the global economic outlook. More
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    Tim

    Falling carbon and oil prices has seen further reductions to prices over the past week and although we are forecasted to see temperatures drop significantly this week, forecasts still indicate that temperatures will be at or above seasonal averages for the next six weeks. More

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