• 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

Monday 16 September 2019
Market Open
Crude oil prices spiked by over 20% this morning after strikes on Saudi Arabia's oil facilities at the weekend. The attacks were claimed by Yemen's Houthi rebels; however, the U.S. believe

Iran is behind the drone strikes. Half of Saudi's crude oil production or around 5.7 million barrels per day has been disrupted. Brent traded up to $71.95 in overnight exchanges in Asian markets but is currently holding around $5.00 a barrel up on Friday's close at $65.35 a barrel after the U.S. agreed to release their emergency stockpile to ensure a stable supply. In the gas markets, futures are retreating off earlier highs with October just 0.30p up now and the prompt has yet to trade.

 

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Market Update

  • Monday 14 October 2019:The front contract settled up by £0.50 at £48.85/MWh with similar gains across the rest of the curve

  • Monday 14 October 2019: Friday's gain came following news of a missile strike on an Iranian oil tanker in the Persian Gulf

  • Monday 14 October 2019: The UK gas market saw prompt prices gain strongly while futures contracts eased across the board

  • Monday 14 October 2019:Day ahead and week ahead gas gained 1.20p and 2.80p respectively while near futures contracts shed an average of 0.55p

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