Oil prices crash causes GB gas and power prices to go into freefall

Oil prices crash causes GB gas and power prices to go into freefall: Following the impacts of Covid-19 on global demand and oil price disputes between Russia and Saudi Arabia, Brent crude oil prices fell to a 17-year low of below $26/bl. on 18 March 2020. The recent crash saw prices record the most significant…
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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…
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Daily Energy Market Report Thursday 29th August 19

Daily Energy Market Report Thursday 29th August 19   A heavy Norwegian maintenance schedule is providing some support to the Prompt and Near curve as the behemoth Troll field is currently in a 120mcm outage from 24th August until the 5th September and the Kollsnes processing facility is undertaking a 146.5mcm planned outage covering the…
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Daily Energy Market Report Friday 7th Dec 18

Daily Energy Market Report Friday 7th Dec 18. The UK market has opened softly this morning with mild temperatures, strong wind generation and weaker Oil prices driving the market. The UK has opened with a slightly long system that has steadily grown in length this during the session. Total UK demand was forecast at 246mcm…
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Daily Energy Market Report Thursday 6th Dec 18

Daily Energy Market Report Thursday 6th Dec 18. Warmer weather above seasonal norm pressured the market on Wednesday, despite an undersupplied system and an unplanned outage. Shell announced that St Fergus experienced issues, removing 19.5mcm from supply, and flows from St Fergus remain lower than the 10-day average this morning. The UK has opened up…
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