Major price falls in fuel markets

Focus week 33: The latest period has been characterised by a major price fall in the fuel markets. Last week, both oil and gas prices fell to their lowest price levels for several months.

Here and now

The falling trend continued in the Nordic energy market last week, albeit not quite as strongly as the previous week. The continued negative mood was predominantly caused by some very wet weather forecasts and an improved hydro-balance, supported by a downtrend in the fuel markets and carbon emissions allowance market. When the market closed on Monday, the Q4-19 contract cost EUR 38.15/MWh, EUR 1.45/MWh less than last week. During the same period, the YR-20 contract fell by EUR 0.65/MWh and is now at EUR 35.90/MWh.

Read Focus here.