Daily Energy Market Report 09 October 2017
Weather models have turned even warmer than Friday’s outlook, as the mild outlook continues for the UK.
Cooler temperatures may however be seen for the Continent next week.
Wind levels are looking lower into next week, implying stronger Power burn.
The NBP system has opened balanced this morning. Langeled flows are higher today, as IUK exports decrease.
Rough is nominated to export 12mcm.
Russian flows to the Continent have increased this morning, however they are still low in comparison to the flows we were seeing in September.
Oil prices have dipped this morning compared to Friday, as we saw the end to Brent Crude’s longest multi week rally in 16 months, following the return of oversupply concerns.