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Energy Market Bulletin

Issue 03/12

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Alex McGregor Analyst

Summary – Last week, the majority of wholesale power and gas prices fell, whilst commodities experienced mixed movements. Prompt wholesale power and gas contracts moved lower, driven by high levels of wind generation and an oversupplied gas system. This week, we have a bullish outlook as both power and gas demand are expected to rise in the coming weeks, whilst the upcoming OPEC meeting in Vienna on 6 December has the potential to support oil prices higher. This is despite temperatures remaining near seasonal normal levels and LNG send-out continuing at current levels into December. Power markets – All baseload power ...

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