• 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

Friday 29 November 2019
Market Close
As temperatures fell on Friday, demand on the UK gas system rose to 320MCM or 25MCM above the seasonal norm. Falling wind availability drove gas-fired

power demand higher, increasing overall demand on the day. The system was comfortably supplied despite the increased demand and prompt prices eased as a result, day ahead shedding 0.50p and the week ahead contract for this week fell by 0.85p. For a second consecutive session, gas futures recorded relatively uniform losses averaging 0.46p across the board. Brent crude was shed $1.44 a barrel to settle at $62.43.


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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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