• UK Gas prices have increased this morning on the back of a short UK system.
• UK weather is expected to remain hot over the next couple of days before turning cooler for a short interval.
• The UK system has opened short this morning, as LNG send out levels remain weak. South Hook remains at 5mcm, and Dragon at 8mcm.
• Norwegian exports to the UK becoming stronger with Langeled nominated at around 18mcm, as Norwegian Gas is rerouted from the continent.
• UK Power has also increased this morning, as is follows the trend set by NBP Gas.
• Wind levels are extremely weak today, however it is set to pick up throughout the week.
• Moving the opposite to wind, Solar levels remain strong today, however they are set to fall off towards the end of the week, when wind is set to increase.
• Oil prices have fallen slightly this morning, as figures for US drilling rise, potentially adding to the already impactful global supply glut.
• French and Dutch Gas prices have similarly increased this morning, however they are staying around similar levels to Fridays close.
• Temperatures remain sunny on the continent, and should continue across Western Europe this weekend with strong air conditioning demand in France – increasing overall demand.
• Maintenance at Dornum and Emden are decreasing Norwegian imports to the Continent, and adding strain on supply. This is expected to last until 24th June.
• Russian flows are also down, as scheduled work at Velky begins – expected to last until 1st July.
• Dutch and German Power are lacking direction this morning, with the curves moving in and out of positive or negative.
• As with in the UK, Wind levels are very weak today, Solar is at a healthy level. This is expected to swap towards the end of the week, as wind returns to a healthier level, and solar generation levels fall.
• Warm and sunny weather conditions on the continent today which are expected to last up until the end of the week.
• Limiting any potential rises this morning is falling Oil. Continued expansions of US drilling are adding to already high global supplies and in turn pushing prices down.