October Markets Update

As of 30^th September, market close data set the one-year forward price for gas at 37.2ppt – an increase since the end of August.
Gas prices displayed heavy losses at the beginning of this month as traders reset their positions in preparation for Q1-21.

The one-year forward price has decreased since last month, closing at £47.70/MWh on 30^th
With an increase in colder weather and weak wind generation, power demand is set to increase over the coming months.

Oil demand is weak this month due to a decline in the transportation and tourism sectors arousing from COVID-19 uncertainty.
Brent prices saw a decrease this month, closing at $42.40/b on October 1^st down from $45.1/b at the end of August.
Many oil and gas pipeline operators have delayed financial investment decisions and stalled projects this month to conserve money throughout the COVID-19 crisis.

Coal and carbon saw weak demand at the end of this month following chaos in the first US presidential debate.
With Chinese utility coal prices at a near two-year high, there is speculation that the Chinese government will become less restrictive on coal imports this month to ease price concerns.