Oil price slump has the potential to lower energy bills

Oil price slump has the potential to lower energy bills : The price of crude oil has fallen by just over a third since last Thursday ($50/bl) following the apparent collapse of the production sharing deal between OPEC and Russia (OPEC+) due to an inability by the group to agree on a concerted response to…
Read More

Daily Energy Market Report Tuesday 3rd September 19

Daily Energy Market Report Tuesday 3rd September 19 Mixed bag at open on the NBP this morning, with the general trend being the front of the curve softening and the back strengthening. The system has opened balanced at around 2mcm long. In comparison to yesterday, exports along the IUK have increased by 20mcm. Total demand…
Read More

Daily Energy Market Report Monday 2nd September 19

Daily Energy Market Report Monday 2nd September 19   Soft open on the NBP this morning, with the market pressured by a long system and losses in oil, carbon and coal. The system has opened roughly 44mcm long with increased LNG send out and a reduction in gas for power demand. On the supply side…
Read More

Daily Energy Market Report Friday 12th April 19

Daily Energy Market Report Friday 12th April 19. NBP prices opened lower this morning but have since continued to rise off the back of continued strength in carbon EUA’s. Yesterday EUA’s closed at 11-year highs and has since settled with the market buoyed by Brexit sentiment. The system opened 11mcm long but has since shifted…
Read More

Daily Energy Market Report Thursday 11th April 19

Daily Energy Market Report Thursday 11th April 19. The UK gas market has opened with prices lower across the curve, in comparison to close yesterday. Despite demand climbing 72mcm above seasonal average to sit at 292mcm for today (+10mcm day on day), the UK system is comfortable and is 10mcm long at time of writing.…
Read More

Daily Energy Market Report Tuesday 2nd April 19

Daily Energy Market Report Tuesday 2nd April 19. The UK has seen prices ease on Tuesday morning as the UK holds a long system, despite significantly increased demand amid colder temperatures. The UK is currently 18mcm long despite an increase in demand by 30mcm. Temperatures are set to fall today for the rest of the…
Read More

Daily Energy Market Report Monday 1st April 19

Daily Energy Market Report Monday 1st April 19. The UK has opened the week with a long system, 16.4mcm long despite demand climbing to 259mcm and sitting 34mcm above seasonal average demand. Temperatures are set to fall below average for the working week, likely to lift gas demand during the first week in April. Latest…
Read More

Daily Energy Market Report Friday 29th March 19

Daily Energy Market Report Friday 29th March 19. The NBP has opened lower today off the back of weakness in carbon and coal and an oversupplied system. The system is around 10mcm long, with demand down around 16mcm day on day at 216mcm 10mcm below seasonal normal. Gas for power demand has also reduced around…
Read More

Small Business Energy Market Update Wed 27 March 19

Small Business Energy Market Update Wed 27 March 19   What has happened to Gas prices this week?   UK Gas prices continue to trend downwards, with the market remaining generally bearish with volatile days correcting the market on occasion.   The UK remains well supplied with an abundance of LNG arriving to UK shores,…
Read More

Daily Energy Market Report Monday 25th March 19

Daily Energy Market Report Monday 25th March 19. The UK system is long this morning as Norwegian flows crept back up closer towards capacity after ongoing issues at processing plants have been resolved. Total demand for the UK is expected to be 242mcm today, 4mcm above seasonal average but the system is comfortable as Langeled…
Read More
Menu