Daily Energy Market Report Tuesday 15th Jan 19. Prices at the front of the NBP curve have opened higher this morning because of an increase Dec – 19 carbon EUA’s with a reduction in supply as the numbers of allowances are set to be reduced this year.
The back of the curve has fallen, continuing to track losses in Brent.
Brent continues it’s downwards trend as fears around a global economic slowdown continue to drag the market down.
The UK system is around is long once again this morning at around 12mcm, with demand pegged at 310mcm, 17mcm above seasonal normal.
BBL flows have dropped day on day to 16.8mcm with LNG send out also dropping to 33.3mcm.
Healthy flows continue coming in from the UK continental shelf and Norway along Langeled.
Weather forecasts remained relatively unchanged overnight with some chillier days expected going into next week with temperatures turning mild again into week 5.
Wind has picked up today alleviating demand on gas for power generation.
The vote on May’s Brexit deal is due tonight at around 19:00 with any shock result likely to move sterling.
However, it is widely thought that the deal will be defeated.
Daily Energy Market Report Tuesday 15th Jan 19 brought to you by British Utilities