Daily Energy Market Report Thursday 9th May 19

Daily Energy Market Report Thursday 9th May 19. The NBP has opened 21.5mcm short this morning, a 29.8mcm change day-on day whilst demand has increased by 25.9mcm this morning, currently 78.4mcm above seasonal norms as temperatures are cold across much of the UK and continent and wind generation remains low. A main contributing factor to…
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Daily Energy Market Report Wednesday 10th April 19

Daily Energy Market Report Wednesday 10th April 19. The NBP has opened 10mcm long this morning and demand has fallen 26mcm below seasonal norms, a 62mcm change day-on day. Norwegian production remains subdued due to an unplanned outage at the Aasta Hansteen field, removing 23.2mcm of supply for 1-2 weeks. MR storage sites have turned-up…
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Daily Energy Market Report Monday 8th April 19

Daily Energy Market Report Monday 8th April 19. The NBP has opened 11mcm long this morning this is despite demand being 35.5mcm above its respective seasonal normal levels. Although temperatures for this week are set to fall below seasonal normal, confidence of colder weather delivering into next week is eroding, softening-up the prompt. The notable…
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Daily Energy Market Report Friday 8th March 19

Daily Energy Market Report Friday 8th March 19. The NTS has opened close-to balance this morning as demand has increased by 7.8mcm day-on day. Imports from the Norwegian continental shelf remain lower due to planned outages Sleipner, Oseberg and Gullfaks facilities and UKCS production is 6mcm lower this morning. To bridge the gap, MR-storage send…
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Daily Energy Market Report Wednesday 6th March 19

Daily Energy Market Report Wednesday 6th March 19. The NBP has opened 21mcm long this morning, a 28mcm swing day-on day with the main contributing factor being demand falling 23mcm below its respective seasonal norms –a 29mcm change day-on day as present temperatures are mild and CCGT demand has fallen 13mcm vs yesterday. Once again,…
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Daily Energy Market Report Tuesday 5th March 19

Daily Energy Market Report Tuesday 5th March 19. The NBP has opened 7mcm short this morning and demand has only increased by 0.7mcm day-on day. CCGT demand remains healthy and similar to yesterday, strong LNG send-out at remains in place at 54mcm. Rough is not nominated to flow gas however it has been withdrawing ~6mcm…
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Daily Energy Market Report Wednesday 27th Feb 19

Daily Energy Market Report Wednesday 27th Feb 19. Prices at the front of the curve have found marginal support at the open from colder weather run at this morning, however, it’s widely perceived to be transient (if it actually delivers) and there is more than enough supply to cope with any increased demand. The NBP…
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Daily Energy Market Report Friday 22nd Feb 19

Daily Energy Market Report Friday 22nd Feb 19. The NBP has opened lower this morning predominantly off the back of weakness in both carbon and coal. The benchmark API2 2020 coal contract has dropped to $78.35/tonne at the time of writing. China has put a block on Australian coal imports at the port of Dalian,…
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Daily Energy Market Report Wednesday 30th Jan 19

Daily Energy Market Report Wednesday 30th Jan 19. Similar to yesterday the NBP has opened 17mcm long with but demand 93mcm above seasonal norms. Imports via the IUK are 5mcm lower this morning at 21mcm but MRS withdrawals have picked-up by 6mcm and LNG export is 7mcm higher. Healthy volume of LNG are still scheduled…
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Daily Energy Market Report Friday 25th Jan 19

Daily Energy Market Report Friday 25th Jan 19. It has been another soft open across the front of the curve on the NBP today as mild temperatures continue to pressure the curve. The Feb-19 contract has dropped ~5p/therm since Wednesday from above 60p/therm to 55.25p/therm at time of writing. Cold weather has continued to be…
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