LDZ consumption is well above seasonal norm, though this should fall off from mid-next week. CCGT demand is also up day on day.
The NBP system has opened long this morning (7mcm). IUK exports have decreased from yesterday’s levels. UKCS nominations are slightly higher today, as we see higher St Fergus flows – this is as the capacity loss at Entry SEGAL has reduced.
Strong Power and Carbon prices are adding weight to the curve, despite a long system.
Oil prices have eased slightly this morning, but have held onto most of their gains as expectations of firmer Oil demand limit any losses.
Little change in wind generation from yesterday. Levels are expected to drop off and remain relatively weak into next week.
Solar levels are relatively stable at present, mid next week we could see some minor falls before seeing Solar pick back up again.
Gains for Carbon have been translating onto the Power curves and pushing prices upwards.
Oil prices have steadied this morning, holding onto yesterday’s gains, as the IEA forecast a strong demand for Oil.
Norwegian imports to the continent are down today, due to lower Franpipe flows. Russian flows have increased day on day (+3mcm), with Mallnow and Velke increasing.
The Netherlands are expected to receive their second US LNG cargo on the 6th October.
Oil prices have hovered around yesterday’s rises this morning, holding onto gains as the IEA announce they expect stronger demand for Oil in the future.
Stronger Continental Power prices, and rises in Carbon prices are adding weight to the curves.
Coal prices have risen again this morning, pushing Power prices upwards. This is following a Coal mine explosion Wednesday in northern China.
Renewed concerns over nuclear availability in France is also adding weight.
Similar to UK, wind generation levels are expected to drop off and remain relatively weak going into next week.
Carbon prices have also risen, after the European parliament created a plan to protect prices against fall out, if there is a hard Brexit.