Price falls across the fuel markets

Focus week 45: The downtrend continues in the fuel markets. The oil market in particular has experienced significant price falls in recent times and this is affecting all related markets.

Here and now

The Nordic energy market moved largely sideways last week. Week 45 looks set to be very dry, but last week the forecasts started to indicate wetter weather from the beginning of week 46. As the temperatures continue to look set to remain above the seasonal norm, the market reacted by trading down towards the end of the week, supported by falling fuel prices. The Q1-19 contract ended the week with a minor increase of EUR 0.25/MWh and closed at EUR 46.45/MWh on Monday. The YR-19 contract now costs EUR 37.05/MWh, which is EUR 0.23/MWh less than last week.

Read Focus here.