Forecast lower temperatures and falling wind availability were realised on Friday Forecast lower temperatures and falling wind availability were realised on Friday and demand on the UK gas system increased to 338MCM. The cold snap was expected to remain until Monday with temperatures set to rise for the remainder of the week. Never-the-less, the week […]
Rebecca Cullen
The crude oil markets remained range bound
Trading on near curve contracts remained volatile With temperatures dropping as the weekend approaches the spot and day ahead products firmed by around a penny yesterday while NBP futures settled mixed. UK gas demand is forecast to rise on Friday, as wind generation eases gas fired generators will be called on to shoulder the demand […]
The oil markets were relatively subdued
Demand increased with falling wind availability As temperatures began to fall, the UK gas system shifted from a comfortable supply surplus yesterday morning to finish with a supply deficit of 8MCM at close of business. Demand increased with falling wind availability, adding gas-fired power demand to additional heating demand over the course of the day […]
Crude oil markets are bullish this morning
The gas market broke a four-session losing streak The UK NBP gas market has experienced dramatic increases and declines over the past few weeks and Tuesday was no exception as the gas market broke a four-session losing streak. Once again price volatility was mostly focused on the front of the curve, but tremors extended to […]
On the carbon market, recent heavy losses were stemmed
The system remained well-supplied however and UK prompt gas prices fell lower again Demand on the UK gas system was forecast exactly in line with the seasonal norm yesterday morning but gradually rose to 10MCM above as wind availability decreased and more gas-fired power generation was called on. The system remained well-supplied however and UK […]
EU ETS unit prices settled at 8-day low
European gas prices fell for a third consecutive session on Friday European gas prices fell for a third consecutive session on Friday as Asian LNG prices fell by 25% over the period. Prompt gas prices at the NBP fell by 5.25p to 6.25p on lower demand and a well-supplied system on the day. Despite the […]
Crude oil prices have dropped this morning
UK gas demand was above the seasonal norm LNG prices in East Asia continued to ease yesterday and this gave some comfort to the prompt and near curve contracts on the NBP. Declines of up to 2.60p were recorded by prompt products yesterday as contracts settled between 64.00p to 65.00p. There was less volatility evident […]
Crude oil prices eased on Wednesday
4-day rally culminated in a day-on-day surge in the front month price of 16% Following 4 days of strong gains, the UK gas market adjusted lower on Wednesday. The previous 4-day rally culminated in a day-on-day surge in the front month price of 16% and a week-on-week increase of 42% on Tuesday, the market was […]
WTI gained for the sixth consecutive session
The front month February contract opened up with penny increase Once again yesterday the UK NBP market displayed remarkable volatility with prices swinging by significant levels throughout the session. The front month February contract opened up with penny increase which was modest enough given what happened in the remainder of the session. This contract traded […]
Crude oil prices saw mixed movement on Monday
The volatility on the UK gas market seen last week continued on Monday The volatility on the UK gas market seen last week continued on Monday amid concern for LNG supplies for the remainder of the winter period. Severe weather conditions in Korea and Japan have led to increased demand and LNG prices which are […]
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