Daily Energy Market Report Thursday 15th February 2018
The NBP opened lower this morning due to slightly milder temperature forecasts and a long system.
The NBP is currently 17.5mcm long with demand pegged at 318mcm, in line with seasonal normal total demand.
LDZ consumption is 10mcm lower day on day whilst CCGT demand is relatively unchanged.
IUK imports remain strong at 52mcm.
UKCS is nominated at 156mcm, 10mcm lower day on day.
The Bacton Seal planned outage is expected to end tomorrow with a capacity loss of 13mcm today as a result.
There is another unplanned outage a Visund, with a capacity loss of 12mcm and is expected to last 24 hours.
Oil prices rose by around 1% this morning to extend gains from the previous session, lifted by a weak dollar and Saudi comments that it would rather see an undersupplied market than end a deal with OPEC and Russia to withhold production.