• 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...

Archived Summaries

Thursday 14 March 2019
Market Open
The gas market has paused this morning with contracts trading not too far off their previous settlement position. There has been some modest movement at the

front of the curve, but remaining contracts are flat to slightly lower. Crude oil contracts remain firm and this may well prevent the gas market from falling further. Brent is currently trading at $67.85 a barrel, up by 30 cents. Brent did breach the $68.00 a barrel mark in overnight trading but has since pulled back. forecast gas demand is some 23MCM lower than this time yesterday which is being attributed to a drop in domestic demand. The system is displaying a surplus of 4MCM.

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Market Update

  • Friday 15 March 2019:Slowdown in rate of decline in OPEC production off-sets impact of surprise drawdown in U.S. crude oil stocks on Thursday, providing for a marginal decline in prices

  • Friday 15 March 2019:U.S. West Texas Intermediate or Nymex benchmark closes the day at $58.61, up 35 cents while Brent sees marginal 32 cent loss

  • Friday 15 March 2019:Further decline in gas prices brings Q2 2019 contract to just over 38.00 pence per therm by close of trade on Thursday

  • Friday 15 March 2019:Combination of factors continue to exert downward pressure on gas prices, including weak Asian demand and prices, weak European demand and strong growth in exports of U.S. and Australian LNG

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