UK Gas prices this morning, have remained in line with yesterdays close.
The UK system has opened short this morning, as Langeled flows have reduced following unplanned outages beginning in Kollsnes and Åsgard.
Oil prices have dropped this morning as oversupply continues to add to the current global supply glut. Prices have dropped nearly $1 from yesterday’s peak.
Yesterday, demand levels were above seasonal normal levels, this morning, it is pegged at 4mcm below seasonal normal levels, adding weight to the curve and limiting potential gains.
The UK Power curve has opened mixed this morning, but prices haven’t really swayed drastically from yesterdays close.
Wind generation levels are beginning to ramp up slightly, this should continue coming into the weekend.
Solar levels remain strong today, but as the weather begins to take a cooler turn towards the end of the week, Solar generation levels are expected to dip.
Oil prices have declined this morning, as continued fear of oversupply adds to the current world panic surrounding the global supply glut.
Dutch and French Gas prices similar to NBP, are hovering around yesterday’s closing prices.
Continental forecasts have made little changes this morning, with temperatures residing above seasonal normal for this week, then forecast to cool down going into next week.
Unplanned outages at the Kollsnes and Åsgard facilities are being juxtaposed by higher Russian flows this morning (up by 12mcm), cancelling each other out.
Oil prices have taken a U-turn from yesterday’s sharp rises, posting decreases this morning as oversupply continues to add weight.
Again similar to their Gas counterparts, Dutch and German Power prices have remained settled around yesterday’s closing prices as they open this morning.
As the temperatures are warm, Solar levels are high, whilst wind generation levels have dipped. This will change towards the end of the week, when temperatures get cooler and solar levels decline whilst wind levels strengthen.
Coal prices have continued their rise this morning, taking strength from yesterday’s rising EU Gas prices and rises in the Asian Coal market.
Oil prices have started to decline this morning, dropping by nearly $1 from yesterday’s highs, on the back of continued oversupply stories.