Energy Insight 2020 – Week 11

Your regular snapshot of the wholesale energy markets.

Early sentiment at the beginning of last week was mostly bullish as prices continued to feel the effect of the growing backlog of cargoes outside the Milford Haven terminal, due to the strong winds that hampered the ability for cargoes to unload their volumes. Milder temperatures returned to Britain at around the mid-point of the week and gas supply increased whilst meetings between OPEC member countries surrounding the potential of a further production cut in light of the ongoing spread of the coronavirus provided some strength to crude oil before the end of the week…read more

 

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