ENERGY PROCUREMENT
As energy markets become increasingly complex, the vast array of pricing options and contract structures available to large energy users can prove daunting...
RISK MANAGEMENT
Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation....
MARKET INTELLIGENCE
We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
CARBON MANAGEMENT
Managing your exposure to the carbon market is an essential ingredient in energy price risk management...
RISK MANAGEMENT
Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation...
MARKET INTELLIGENCE
We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
CARBON MANAGEMENT
Managing your exposure to the carbon market is an essential ingredient in energy price risk management...

Home Archived Summaries21 April 2017 Market Close

Archived Summaries

Friday 21 April 2017
Market Close
Friday saw another day of heavy losses on the oil markets with Brent crude dipping to $51.57 a barrel before settling at $51.96 or $1.03

lower day-on-day and $3.90 a barrel lower week-on-week. The falling oil price failed to influence UK gas prices however as prompt and near futures contracts recorded some significant gains on the day. The front month gained 0.55p and now holds a 2.04p premium over the June contract. The summer months as a whole averaged gains of 0.62p and while the front winter was up by 0.23p, movement on seasonal contracts further out the curve was marginal.

Our Clients

Market Update

Monday 06 November 2017:Crude oil prices turned sharply higher on Friday with Brent crude gaining $1.45 to settle at $62.07 while WTI gained $1.10 to $55.64 a barrel, the highest level since July 2015
Monday 06 November 2017:The market responded to the renewed commitment by Saudi Arabia and Russia to an extended period of production cuts
Monday 06 November 2017:The UK gas system was well-supplied on Friday with Norwegian deliveries up to 130MCM and the Bacton-Zeebrugge interconnector operating in import mode
Monday 06 November 2017:The day ahead contract for today gained 0.60p on forecast higher demand for today as temperatures are expected to move below the seasonal norm this week

Client Login

Services Brochure

Download here

Daily Market Summary

Friday 03 November 2017
Market Close
Natural gas prices generally eased despite a sharp rise on crude oil markets on Friday. The day ahead contract at the NBP was the exception, gaining 0.60p on forecast higher
Read more ...
Monday 06 November 2017
Market Open
Demand on the UK gas system has risen to its highest level since March and is forecast at 272MCM today. Forecast deliveries are some 10MCM long but
Read more ...