Price Report for Thursday 25th May 2023

Gas & power: Softened further amid stable supply levels including LNG deliveries and weakening demand. On the UK power curve most traded volume was at the front of the curve with very little interest beyond W23.

Carbon: EUAs lost more than 7 €/tonne and UKAs lost 8£/tonne this week amid bearish fundamentals.

Oil: Erased gains of previous three sessions as the US debt ceiling deal has not been agreed yet. OPEC+ will meet in June. If they introduce further cuts, it will affect short sellers in the market.

 

End of Day Seasonal Prices, Thursday 25th May 2023

(The above prices were updated 10:30 am, Friday 26th May 2023)

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