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    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

Wednesday 12 June 2019
Market Open
Crude oil prices have opened with sharp losses this morning with both Brent and WTI around $1.60 a barrel down. A report released late last night by the Energy

Information Administration has cut the forecast for world oil demand growth for 2019 and this has stirred the market into a sell-off. The EIA is expected to release the weekly inventory report later and is this could show a further rise in U.S. crude oil reserves. In the gas markets, prompt prices are flat despite the UK gas system opening with a slight deficit of 7MCM. NBP futures have continued to soften in early trading with contracts around a half a penny down on last night's close.

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Market Update

  • Thursday 12 December 2019:Crude oil prices fell back below $64.00 a barrel following reports from OPEC and the U.S. Energy Administration showing no let up in the over-supply situation

  • Thursday 12 December 2019:The U.S. benchmark WTI shed 47 cents to settle at $58.76 a barrel while the global benchmark, Brent crude, was down 62 cents to $63.72

  • Thursday 12 December 2019: Demand on the UK gas system remained just below the seasonal norm but the supply side lagged for most of the trading day on Wednesday

  • Thursday 12 December 2019:The slump in UK gas prices continued however with near futures contracts hitting fresh life-of-contract lows, January shedding 1.46p to settle at 36.00p

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