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Daily Energy Market Report Thursday 22nd August 19

Daily Energy Market Report Thursday 22nd August 19   The NBP has once again opened oversupplied an increase of 2.9mcm day on day and demand is above its respective seasonal norms by 16mcm, but this is a decrease versus levels as warmer and most importantly, sunny weather is set to arrive to the UK for…
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Daily Energy Market Report Wednesday 21st August 19

Daily Energy Market Report Wednesday 21st August 19   A bullish open for the September-19 contract TTF, dragging-up forward curves at the NBP neighbouring markets. The September contract has breached technical levels of resistance supported by both planned and unplanned maintenance alongside marginal support from the EU ETS market -Dec-19 contract has lifted by ~€0.45/tonne…
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Daily Energy Market Report Thursday 15th August 19

Daily Energy Market Report Thursday 15th August 19   Soft open on the NBP prompt again today with the back of the curve opening in line with close, holding onto yesterday’s losses. Strong wind generation and bearish moves in wider commodities weighed on the NBP. Brent fell around 3% after data suggesting a global economic…
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Daily Energy Market Report 8th August 19

Daily Energy Market Report 8th August 19   The NBP has opened 4mcm oversupplied this morning despite demand rising by 16mcm day-on day, 40mcm above its respectable seasonal norms. Support on the Prompt has been attributed to low wind generation thus increased power burn, the strength in the WD market has incentivised MR storage sites…
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Daily Energy Market Report Thursday 1st August 19

Daily Energy Market Report Thursday 1st August 19   A strong open to the NBP this morning with technical buying and an unplanned outage at the Kollsnes processing facility on the Norwegian coastline providing support to forward curves -the current REMIT status of the unplanned event is ‘unknown’. The NBP has open marginally long at…
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Daily Energy Market Report Tuesday 30th July 19

Daily Energy Market Report Tuesday 30th July 19   Despite the NTS opening 12.7mcm oversupplied, a 7.8mcm increase day on day the NBP Prompt market and Front-month have gained support climbing above yesterday’s closing prices –contracts further along the curve remain subdued, as liquidity is thin. IUK exports to Zeebrugge are expected to decline as…
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Daily Energy Market Report Wednesday 8th May 19

Daily Energy Market Report Wednesday 8th May 19, the Prompt to near curve has gained pressure this morning from ample supply despite rising demand, in contrast, the far curve has taken direction from overnight gains on EU ETS contracts ignoring the recent bearish movement for Crude oil. The NBP has opened 8mcm oversupplied this morning…
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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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