UK Gas prices have increased this morning, with the main driver being a short system.
The NBP system has opened 22mcm short this morning. UKCS flows continue weak, on the back of ongoing maintenance. Langeled flows have decreased, whilst Vesterled flows have increased by 8mcm due to the Heimdal outages (12.4mcm capacity loss).
Oil prices have fallen this morning, however they are still around the 9 week high point. Prices are supported by strong US jobs data, a coup attempt in Venezuela, potential supply issue from Libya and slight falls in US rig counts.
UK Power prices have also risen today, following UK Gas trends.
Wind generation is weak today, and is expected to decrease further tomorrow. Wednesday we are expected to see improvements, but from Monday next week onwards it is weak once again.
Solar levels are expected to remain weak, for the coming week or so.
Oil prices have edged down slightly this morning, however with remaining support, they are still staying around the nine week high level.
Dutch and French Gas prices have risen this morning, however they haven’t moved as strongly as UK Gas prices.
Russian and Norwegian flows have remained in line with Fridays levels – Norwegian outages are not affecting them.
Oil prices have reduced slightly this morning, however they are still around the high levels we have seen for the past couple of weeks. Support still remains from falls in US drill counts and geopolitical worries.
Dutch and German Power haven’t really moved this morning, they have remained in line with Fridays close.
Coal prices are stronger this morning, on the back of the US drafted resolution to ban North Korean exports of Coal.
Both wind and solar levels are looking quite weak, however some improvement is expected from Wednesday onwards.