The energy complex slid further last week as bearish sentiment from oil filtered through to weigh on most commodities. Brent crude oil was the biggest loser, down by 9.4% week-on-week as softening in global equities and weak inventories data published by EIA combined to push prices down. However, coal prices were somewhat more resilient, as bearishness from oil and equity markets were partially offset with an increase in activity in the Pacific basin. Carbon prices also lost ground, closing on Thursday at €12.8/t as prices took direction from the gloomy sentiment from the wider energy complex and a decision made by a court that could lead to an increase in supply of allowances. NBP prices plunged to a 3-year low, whilst TTF remained broadly steady at the start of last week, before both prices realigned again following the return of the IUK pipeline on Wednesday. The entire gas curve hit a fresh 90-day low as improved supply optimism and bearish oil combined to pressure contracts down. Spot power prices climbed above €45/MWh last week on lower temperature and reduced wind and hydro production, whilst forward contracts echoed the softening in the wider energy complex.