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  • 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...

Archived Summaries

Monday 20th August 2012
Market Opening
 Demand on the UK gas system failed to move in its normal direction over the weekend, actually increasing over the rates seen in the latter part of last week to 175 MCM, mainly due to increased storage injection.  A combination of mid-range storage demand and increased gas-fired power generation has seen forecast demand for today move higher again to 191 MCM while forecast deliveries are running at just 167 MCM and physical deliveries at 9am were running at just 161 MCM.  The prompt market has moved sharply higher in early trading as a result of the system shortfall, within day and day ahead gas trading around 2.50p up on Friday's closing levels for today.  Following Friday's interruption to the recent rally in crude oil prices, Brent has gained 50 cents in overnight trading on Asian markets and the new front month October contract stands at $114.20 per barrel.  UK gas futures have moved up strongly in early trading this morning with the front month and front winter contracts showing gains of a penny on Friday's closing levels while seasonal contracts further out the curve are up by around 0.75p.

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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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