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Managing your exposure to the carbon market is an essential ingredient in energy price risk management...

Home Archived Summaries27 April 2017 Market Close

Archived Summaries

Thursday 27 April 2017
Market Close
Demand on the UK gas system fell back below 300MCM but was still 33% above the seasonal norm yesterday. The supply side continued to respond well with

deliveries running ahead of demand throughout the trading day. The spot price eased by 0.55p as a result while remaining prompt contracts also fell marginally. Movement on the futures market was also marginal with average losses of 0.16p on the summer months and 0.32p on seasonal contracts for Winter 17 and beyond. Brent crude moved lower for a second consecutive day, shedding 38 cents to settle at $51.44 a barrel.

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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

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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
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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
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