A big increase in wind generation ensured gas demand remained subdued The below average temperatures which prevailed throughout the past week climbed to more normal levels for the time of year and demand on the UK gas system eased as a result. A big increase in wind generation ensured gas demand remained subdued and the […]
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Carbon prices hitting new record high on Friday
Near futures gas prices relinquished some of the premium built up recently The below average temperatures which prevailed throughout most of April and early May finally climbed to more normal levels for the time of year and demand on the UK gas system eased on Friday as a result. Even as wind generation fell to […]
GB power futures recorded significant gains again
The supply demand balance is expected to stay tight due to unseasonably cold temperatures UK NBP gas prices remained elevated on Thursday and added further premium during the course of the day with prices for the coming winter recording gains of over a penny. With unseasonably cold temperatures being forecast over most of Western Europe […]
Carbon EUAs resumed the bullish trend
Gas supplies expected to remain tight across Europe for the remainder of May With gas supplies expected to remain tight across Europe for the remainder of May, gas prices on the NBP resumed an upward trend after taking a breather on Tuesday. Norwegian maintenance is to step up for the back half of May while […]
Brent crude up overnight and touching the $70.00 a barrel mark
Overall demand on the system was only slightly above normal A significant supply deficit saw the UK gas system forecast 30MCM short yesterday morning. Overall demand on the system was only slightly above normal thanks to very strong wind generation levels and despite below normal temperatures. Spot and day ahead gas prices gained 4.00p and […]
Crude oil prices fell back following a 3-day run of gains
There were further strong gains on NBP prompt and near futures contracts on Friday There were further strong gains on NBP prompt and near futures contracts on Friday as weather forecasts show temperatures remaining 3°C below the seasonal norm this week. A forecast for a significant increase in wind generation did little to offset the […]
Crude oil prices rose to fresh six-week highs on Thursday
Concerns of tighter gas supplies across Europe in the summer continued to push up Europe futures prices There were strong gains to NBP prompt and near futures yesterday after latest forecasts show temperatures will remain 2-3°C below the norm into the first week of May. Wind generation is expected to drop to just 1.0GW […]
Carbon prices continued to move to new highs
Prompt gas prices at the NBP gained an average of 1.87p Demand on the UK gas system increased on Wednesday as temperatures fell sharply but increased wind availability offset a possible further increase as gas-fired power demand reduced. Prompt gas prices at the NBP gained an average of 1.87p as an early supply surplus was […]
The availability of Russian gas during the Summer is driving risk premium into contracts
Front and near-term contracts added 3.00p in premium as an issue emerged regarding gas flows through Ukraine The UK NBP gas market has a very benign opening on Tuesday with some near-term contracts posting minor gains in early trading. While there were some restrictions on the gas side due to maintenance issues in the North […]
Carbon prices returned to record high levels on Monday.
Prompt gas prices recovered some of Friday’s heavy losses The UK gas system was over-supplied with forecast deliveries running 23MCM long yesterday morning. A reduction in Langeled flows and LNG send-out from the Isle of Grain saw the system finely balanced at the close. With lower power demand and a slight pick-up in wind availability, […]
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