The fossil fuel is increasingly being used as a raw material for making polyester fibres and resins
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Small Business Energy Market Update Tuesday 15 Jan 19
Small Business Energy Market Update Tuesday 15 Jan 19 What has happened to Gas prices this week? The UK market has generally fallen in market value since the turn of the New Year, but this has not been without volatile days. Warmer weather forecasts and mild out turn has kept gas demand…
Daily Energy Market Report Monday 14th Jan 19
BBL, Brent, Brexit, Business Electricity, Business Energy News, Business Gas, China, EUR, Europe, GBP, Langeled, LDZ, LNG, NBP, oil, UK, US, weather, wind power
Daily Energy Market Report Monday 14th Jan 19. Soft open on the NBP this morning with an oversupplied system and losses in oil. The UK system is around 33mcm long with strong imports from Europe, with the BBL flowing around 35mcm and Langeled near capacity at 74mcm. Healthy flows are also coming in from the…
Daily Energy Market Report Thursday 10th Jan 18
Daily Energy Market Report Thursday 10th Jan 18. The UK has opened with a mixed market on Thursday with losses on the front and near curve; however prices have ticked upwards on the far curve. On Wednesday, the UK shrugged off colder weather forecasts as strong supply offset weather driven gains. Total demand for the…
Daily Energy Market Report Wednesday 9th Jan 19
Daily Energy Market Report Wednesday 9th Jan 19. Prices have lifted in the UK market this morning as colder weather and higher demand drives the front curve despite a long system. Prices at the front of the UK curve have lifted on Wednesday morning due to increased demand and colder weather forecasts. Total demand for…
Daily Energy Market Report Tuesday 8th Jan 19
Daily Energy Market Report Tuesday 8th Jan 19. Despite comfortable system economics, the UK has opened with prices up over 1p/therm on front month contracts. The UK has opened with a long system, holding 10mcm of length as LNG supply increases day on day. An LNG vessel docked at South Hook yesterday, lifting LNG flows…
Daily Energy Market Report Monday 7th Jan 19
Daily Energy Market Report Monday 7th Jan 19. The UK has opened with gas prices significantly lower than the close on Friday, with prompt prices shedding huge value to start the week. The UK has opened the week with an exceptionally long system, at 56.7mcm long. The UK has turned milder in comparison with last…
Daily Energy Market Report Friday 4th Jan 19
BBL, Brent, Business Electricity, Business Energy News, Business Gas, China, Langeled, LNG, NBP, oil, OPEC, Trade war, US, weather
Daily Energy Market Report Friday 4th Jan 19. Bullish open on the NBP this morning predominantly of the back strength in oil. Brent has risen this morning as the US and China are said to be holding talks to try to resolve the trade dispute. The cuts agreed in November by OPEC are also starting…
Daily Energy Market Report 13th Dec 18
Daily Energy Market Report 13th Dec 18. Strong open on the NBP this morning on the back of colder and calmer revisions to weather models and continued strength in wider commodities; coal and carbon. Temperatures models have revised cooler overnight with LDZ demand revised upwards for the weekend. There is no risk of significant cold…
Daily Energy Market Report Monday 3rd Dec 18
Brent, Business Electricity, Business Energy News, Business Gas, China, gas, Kollsnes, Langeled, LNG, oil, OPEC, Trade war, Troll, UK, US, weather, wind power
Daily Energy Market Report Monday 3rd Dec 18. UK gas prices lifted significantly on Monday morning driven by increases in Oil and colder weather forecasts driving the curve. A brief cold spell midweek has lifted the prompt and near curve as temperatures are expected to fall to 4°C below seasonal average, whilst the far curve…