Daily Energy Market Report Monday 12th February 2018
The UK system opened 7mcm long this morning, with forecast demand reducing slightly from Friday.
Flows have increased along the Forties pipeline improving the supply outlook to the UK, following the valve issue on Wednesday last week.
The front of the curve opened lower on Monday morning, as weekend weather forecasts turned milder with the colder spell expected to arrive later than expected.
The curve has also been pressured by weaker CCGT demand as UK wind levels have increased.
There has been an early move on the price of Brent Crude up just over 1%, climbing back towards $63bbl after closing the weekend below $62.
There is a big week on FX with some key data releases from the US, UK and the Eurozone, including Retail and consumer price indices.