The Nordic energy market climbed steadily for most of the last week. To begin with it was the colder and drier weather forecasts and high spot prices that sent the forward prices up, but after the weekend all eyes were on the improved mood in the Chinese-American trade war and signals from Russia and OPEC regarding further cuts to oil production. The Q1-19 contract closed at EUR 50.85/MWh on Monday, an increase of EUR 1.62/MWh during the course of the week, while the YR-19 contract increased by EUR 2.75/MWh to EUR 43.30/MWh.
Read Focus here.
February 21, 2019. Thursday morning, the oil market is trading at the highest price level of the year so far. OPEC and Russia’s production deal appears to have had an effect on the market.
Sopiva riskienhallintastrategia on kannattava sijoitus
The downturn in the Nordic energy market continued last week, when the unusually mild weather conditions continued to overshadow all other factors in the market.