Minimal change with temperatures in the UK, however LDZ consumption is expected to fall next week as temperatures are forecast to rise.
The NBP system has opened balanced this morning – slightly short. UKCS nominations are lower today, due to lower St Fergus flows. Langeled flows are also down 4mcm to 38mcm.
The Rasheeda LNG Vessel is expected to arrive at South Hook on the 18th September.
Oil prices have softened this morning, as reports state that US crude stockpiles are rising. Decreases are not drastic, as OPEC said it’s expecting higher demand for crude next year, limiting any losses.
Wind generation for the UK has been revised upwards this week, with Friday and Saturday looking stronger – this all on the back of Storm Aileen.
Solar output is set to fall at the beginning of next week, expectations are that this will create strong Power burn.
Heavy losses for the winter products in the French power market have been impacting UK Power.
Oil prices have fallen slightly this morning, as US stockpiles rise. However losses are limited, as OPEC announce that there should be a higher demand for crude next year.
As the Nord Stream maintenance continues to curtail Russian flows, Velke flows have increased by 7mcm.
The Euro has depreciated against the Pound, impacting the Gas curves.
Temperature forecasts for the continent have remained unchanged, however there are now expectations of a warmer model revision.
Oil prices have dipped slightly this morning, on the back of rising crude oil stocks in the US.
As corresponding Gas prices start to fall, and high Coal prices begin to decline, this has added weight to the Power curves.
Wind generation is expected to rise towards the end of this week and into next week. Solar output is expected to reduce slightly.
Oil prices have fallen minimally this morning as US crude stockpiles are reported to be rising. Limiting losses though, is OPEC’s announcement that demand is set to increase for crude next year.