Small Business Energy Market Update
26 September 2017
What has happened to Gas prices today?
The NBP system has opened 13mcm short this morning. Lower St Fergus flows have decreased UKCS nominations, and Langeled flows have fallen 12mcm. Oil prices rose to a 26 month high yesterday, causing volatility – this was caused by Turkey’s threats to cut crude flows from Iraq’s Kurdistan region to the outside world. This morning they have stabilised. Models have revised UK LDZ consumption down, in line with an expected warmer forecast for next week.
What specifically affected prices in the past week?