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Temperature forecasts are set to rise above seasonal normal levels tomorrow, reducing requirement for gas-for-heating providing some bearish pressure to the prompt energy contracts. - 07/12/2023
The UK is now scheduled to receive 18 LNG cargoes in December, and one is currently scheduled for January, helping to provide some downside to the winter contracts on additional security of supply. - 07/12/2023
Wind generation is forecast high today, but dropping off into tomorrow while still remaining above seasonal normal levels adding bearish pressure to the day-ahead contract. - 07/12/2023
The UK is exporting 1.67GW to France today via interconnector providing some bullish pressure to prompt baseload prices. - 07/12/2023
Brent crude prices are up slightly today following a 6-month low, although concerns still remain over sluggish demand in the US and China, providing continued bearish pressure. - 07/12/2023
Wind generation is set to increase above seasonal levels, and temperatures are forecast to also increase, providing some bearish pressure to near-term contracts. - 06/12/2023
The UK's drawdown in Gas storage during the current period of cold weather is providing some bullish pressure to the near-curve contracts. - 06/12/2023
Norwegian piped exports are nominated 3mcm/d higher at 348mcm/d. These additional flows are going via the Baltic pipe and Vesterled, easing near-curve prices. - 06/12/2023
The UK is scheduled to receive 14 LNG cargoes in December, and one is currently scheduled for January, helping to provide some downside to the winter contracts on additional security of supply. - 06/12/2023
Brent crude prices remain steady today as investors weigh the effectiveness of OPEC+ voluntary supply cuts against the worsening demand outlook in China. - 06/12/2023
Temperatures and Wind generation is forecast to continue to drop further below seasonal normal levels tomorrow providing some bullish pressure to day-ahead gas and power contracts. - 05/12/2023
The UK gas system opened 23mcm long this morning and is forecast to close 4.6mcm long today, providing some bearish pressure to the prompt contracts. - 05/12/2023
Norwegian piped exports are nominated 4mcm/d higher at 354mcm/d with the increase coming via Vesterled, helping to limit any upside in the day-ahead. - 05/12/2023
The UK is scheduled to receive 13 LNG cargoes in December, and 1 currently scheduled for January, helping to provide some downside on Winter contracts with additional security of supply. - 05/12/2023
Brent crude remained relatively flat this morning amid ongoing uncertainty over the voluntary output cuts by OPEC+ producers. - 05/12/2023
Wind generation is currently forecast to rise steadily into next week, providing some steady bearish pressure to prompt gas contracts on reduced requirement for gas-for-power generation. - 04/12/2023
French flows are on the increase with France exporting to the UK once again, reducing strain on the UK power stack and providing some potential downside to day-ahead power contracts. - 04/12/2023
The UK gas market opened slightly long this morning and is currently forecast to close at 4mcm oversupplied, which is likely to provide some bearish sentiment to prompt gas contracts. - 04/12/2023
The UK is now back down to 7 LNG cargoes for December, which may provide some slight upside to near-curve gas contracts due to slower replenishment of storage capacity. - 04/12/2023
OPEC+ have agreed to output cuts totalling around 2.2 million bpd for early next year, led by Saudi Arabia rolling its current voluntary cuts over, however, these cuts fell short of market expectations providing some downside. - 04/12/2023
Wind generation is currently forecast to rise steadily into next week, providing some steady bearish pressure to prompt gas contracts on reduced requirement for gas-for-power generation. - 01/12/2023
French flows are on the increase with France exporting to the UK once again, reducing strain on the UK power stack and providing some potential downside to day-ahead power contracts. - 01/12/2023
The UK gas market opened slightly long this morning and is currently forecast to close at 4mcm oversupplied, which is likely to provide some bearish sentiment to prompt gas contracts. - 01/12/2023
The UK is now back down to 7 LNG cargoes for December, which may provide some slight upside to near-curve gas contracts due to slower replenishment of storage capacity. - 01/12/2023
OPEC+ have agreed to output cuts totalling around 2.2 million bpd for early next year, led by Saudi Arabia rolling its current voluntary cuts over, however, these cuts fell short of market expectations providing some downside. - 01/12/2023
Wind generation is once again taking a dip into tomorrow, boosting demand for expensive gas fired generation and providing upside to day-ahead energy contracts. - 30/11/2023
The UK is now exporting to France, this can be put down to the cold spell of weather driving French domestic demand, adding strain on the UK power stack on less capacity. - 30/11/2023
Norwegian flows are up once again this morning nominated at 350mcm/d, this increase is due to the Aasta Hansteeen and Troll maintenance coming to an end, limiting upside seen in day-ahead gas contracts. - 30/11/2023
The UK has 8 LNG cargoes confirmed for December alongside several LNG cargoes making their way to NWE, applying bearish pressure to near-curve gas contracts on extra supply and topping up any spare storage capacity. - 30/11/2023
Crude is slightly up this morning ahead of the OPEC+ meeting today additionally supply concerns due to a storm in the Black Sea is providing upside. - 30/11/2023
The UK now has 18 LNG cargoes confirmed for November and 7 for December, providing downside to near curve gas contracts on extra supply. - 29/11/2023
Wind generation is seeing a slight uptick tomorrow, although it is continuing to sit below season norms, however it is likely to still provide some slight bearish pressure on less strain on the UK power stack. - 29/11/2023
The UK has seen an increase in flows from Norway this morning, with nominations sitting at 340mcm/d, up 11mcm/d from yesterday, providing some bearish relief to day-ahead gas contracts. - 29/11/2023
The 615MW facility Heysham 2-8 is now back online from maintenance, providing some downside to day-ahead energy contracts as dependence on gas-fired generation is decreased. - 29/11/2023
The Brent crude benchmark is still remaining slightly up this morning, as we wait the news surrounding possible continued output cuts from OPEC+ and also supply disruptions caused by a storm in the Black Sea. - 29/11/2023
Wind generation and temperature continue to sit below seasonal norms, with wind only making up 8% of the power stack, adding some bullish pressure to day-ahead energy contracts. - 28/11/2023
The UK gas market opened slightly long this morning and is currently forecast to close at 6mcm oversupplied, which is likely to provide some bearish sentiment to prompt gas contracts. - 28/11/2023
French interconnector flows remain quite low at only 0.86GW, this can be put down to France experiencing low temperatures boosting their overall demand resulting in less export capacity to the UK. - 28/11/2023
The UK now has 17 LNG cargoes confirmed for November and 6 for December, allowing the UK to top up any spare storage capacity, providing downside across the near curve. - 28/11/2023
Brent crude has seen some upside this morning, this can likely be put down to a weak dollar and expectations that OPEC+ are going to deepen and extend their output cuts ahead of the meeting on Thursday. - 28/11/2023
Wind generation is sat below seasonal norms into the next few days, providing some potential upside to day-ahead energy contracts on more dependence on gas-fired generation. - 27/11/2023
Heysham 2-8 is scheduled to come back online from maintenance tomorrow earlier than expected, providing downside to day-ahead contracts on less strain on the UK power stack. - 27/11/2023
The UK now has 5 LNG cargoes confirmed for December, providing downside across near-curve gas contracts on healthy supply and the ability to top up any remaining storage capacity. - 27/11/2023
150 Kaefer contractors employed at Shell’s Mossmorran and St Fergus energy plants have started a week-long strike action over a dispute in pay, adding bullish sentiment to day-ahead energy contracts. - 27/11/2023
The Brent crude benchmark has seen some downside this morning, after the upcoming OPEC+ meeting was pushed back to Thursday. - 27/11/2023
Wind generation and temperatures are forecast to drop sharply over the weekend and into next week adding some bullish sentiment to DA prices due to an expected increase in gas-for-power and heating demand. - 24/11/2023
Brent Crude prices are steady today as the market continues to wait on the result of the OPEC+ meeting over the weekend which could bring supply cuts. - 24/11/2023
Total Norwegian export nominations are at 350 mcm/d, down by 7 mcm/d from yesterday. Continental flows are at 248 mcm/d, down by 9 mcm/d from yesterday due to the lower send out nominations. - 24/11/2023
The UK is now scheduled to received a total 16 LNG cargoes for November, and has 4 scheduled to berth in December, providing some bearish sentiment to near-curve prices. - 24/11/2023
Heysham 1-2 (580MW), which went down for unplanned maintenance in October is returning today, providing some bearish sentiment to day-ahead baseload. - 24/11/2023
Wind generation and temperatures are forecast to drop sharply over the weekend and into next week adding some bullish sentiment to DA prices due to an expected increase in gas-for-power and heating demand. - 23/11/2023
Total Norwegian export nominations are at 356 mcm/d, up marginally by 2 mcm/d from yesterday, while the UK export nominations are at 100 mcm/d, up 4 mcm/d due to the jump in the Vesterled flows. - 23/11/2023
LNG cargoes from South American pacific bound for Europe are currently being forced to take an extended route via Cape Horn due to drought at the Panama Canal, adding some bullish pressure to Winter-23 prices. - 23/11/2023
Brent Crude dipped slightly this morning after the postponement of the OPEC+ meeting, adding bearish sentiment to prices on speculation that the group may not deepen output cuts. - 23/11/2023
Heysham 1-2, which went down for unplanned maintenance in October is expected to return today, providing some bearish sentiment to day-ahead baseload. - 23/11/2023
Wind generation and temperatures are forecast to rise tomorrow further above seasonal levels, reducing requirement for gas-fired generation and gas-heating. - 22/11/2023
Norwegian piped exports are nominated 1mcm/d lower today at 352mcm/d, although there is no ongoing maintenance. - 22/11/2023
UK is exporting to France via Interconnectors due to delays in the restart of nuclear reactors, although the reactors are expected to return on 5th December, pushing up near-term prices. - 22/11/2023
Brent Crude remained relatively flat today in pre-US thanksgiving holiday trading, with the market still awaiting news on possible output cuts from OPEC+. - 22/11/2023
Heysham 1-2, which went down for unplanned maintenance, is now expected to return ahead of schedule on the 23rd November, reducing reliance on gas-fired generation for the remainder of November. - 22/11/2023
Wind generation forecasts show an increase in wind into tomorrow above seasonal normal levels with a peak on Thursday (~15GW), providing bearish pressure to the day-ahead baseload. - 21/11/2023
Heysham 1-2 which went down for unplanned maintenance, is now expected to return ahead of schedule on the 23rd November, which some reduce reliance on gas-fired generation for the remainder of November. - 21/11/2023
Temperatures are expected to drop tomorrow but are still expected to be above seasonal normal levels, providing bearish sentiment to the prompt gas prices. - 21/11/2023
Brent Crude fell slightly this morning as investors turned cautious ahead of an OPEC+ meeting this week, where supply cuts are expected to be discussed due to slowed global growth. - 21/11/2023
Interconnector flows from France have seen further reductions, dropping to 0.7GW today and there is uncertainty over when these flows will pick up again, adding bullish sentiment to near-curve prompt contracts. - 21/11/2023
Wind generation and Temperatures are forecast to dip below seasonal normal levels tomorrow, adding bullish pressure to day-ahead, with an increased requirement for gas-fired generation and gas-for heating. - 20/11/2023
Nuclear reactor Hartlepool 1 (595MW) returned on Sunday, boosting baseload power generation and providing some bearish pressure to day-ahead prices. - 20/11/2023
Brent crude has edged up this morning amid expectations of further OPEC+ supply cuts, adding bullish market sentiment. - 20/11/2023
Norwegian exported are nominated 8mcm/d higher at 351mcm/d after Gassco initiated a capacity increase at Kollsnes (6mcm/d) and Oseberg (3.5mcm/d) today, providing bearish sentiment. - 20/11/2023
The UK is now scheduled to receive a total of 16 LNG cargoes for November and three are currently scheduled for December, adding increased supply certainty for the winter period. - 20/11/2023
On Sunday we should see the 595MW Hartlepool 1 return from maintenance, after being extended by a day, providing downside to day-ahead power contracts on reduced strain on the UK power generation stack. - 17/11/2023
Day-ahead energy contracts are likely to see downside due to a major increase in wind generation into tomorrow, providing bearish pressure on less demand for expensive gas fired generation. - 17/11/2023
Seasonal gas contracts are coming under some bullish pressure this morning, likely due to long-term supply security concerns increasing risk premiums. - 17/11/2023
The UK has confirmed another LNG cargo is scheduled for December, taking the total up to two, providing bearish sentiment to near-curve contracts on good supply over the peak heating months. - 17/11/2023
The Brent crude benchmark may continue to see some downside due to a steep rise in US crude inventories and production sustaining at record levels paired with low global demand. - 17/11/2023
French interconnector flows are slightly up this morning, although still lower than usual levels. Despite these reduced flows, the UK is likely to see some downside to day-ahead power contracts. - 16/11/2023
Day-ahead gas contracts may see some potential downside due to Oseberg and Karsto returning from maintenance, leading to increased Norwegian flows which are now sitting at 338mcm/d. - 16/11/2023
Wind generation is sitting quite far below seasonal norms into tomorrow, resulting in wind only making up 5% of the power stack, limiting the downside we are seeing in day-ahead energy contracts. - 16/11/2023
The UK gas market opened slightly long this morning and is currently forecast to close at 2mcm oversupplied, which is likely to provide slight bearish price sentiment to prompt gas contracts. - 16/11/2023
The Brent crude benchmark has seen some downside this morning due to signals suggesting higher supply from the US has been met with worries about lacklustre oil demand from China. - 16/11/2023
Today we are expecting to see 595MW Torness 2 going offline for maintenance, adding slight bullish pressure to day-ahead power contracts as a result of adding additional strain to the UK power stack. - 15/11/2023
Wind generation is continuing to fall into tomorrow, providing upside to day-ahead energy contracts, on more demand for expensive gas-fired generation. - 15/11/2023
The UK now has 1 LNG cargo confirmed for December, helping to top up any storage that we may dip into, providing downside to nearer dated near-curve contracts on good supply. - 15/11/2023
Once again potential downside may be seen across day-ahead gas contracts as Norwegian piped flows are nominated at 337mcm/d, 13mcm/d higher, as Oseberg and Gullfaks are ramping up production. - 15/11/2023
This morning we have seen in a decrease in interconnector flows from France with flows only making up 1% of the stack, down 4% from yesterday, adding slight bullish pressure to day-ahead power contracts. - 15/11/2023
The UK now has 16 LNG cargoes confirmed for November, providing downside to near curve contracts on comfortable storage and supply ahead of the upcoming peak winter-heating months. - 14/11/2023
Potential downside may be seen across day-ahead gas contracts as Norwegian piped flows are nominated at 336mcm/d, 17mcm/d higher than yesterday, as Oseberg partially ends its outage. - 14/11/2023
Wind generation is remaining stable into tomorrow, sitting around seasonal norms, reducing demand for expensive gas fired generation and providing downside to day-ahead energy contracts. - 14/11/2023
This morning we have seen strong interconnector flows coming from France, providing downside to day-ahead power contracts on strong supply and less strain on the UK power stack. - 14/11/2023
Brent crude has seen some slight upside as a result of an OPEC report stating demand remains strong and concerns that supplies may be disrupted as the US suppress Russian oil exports. - 14/11/2023
This morning, the 615MW Heysham 2-8 reactor went offline, adding bullish sentiment to energy contracts due to increased reliance on gas for power. - 13/11/2023
Wind generation is sitting above seasonal norms into tomorrow, with wind generation making up 50% of the UK power stack, providing downside to day-ahead energy contracts. - 13/11/2023
The UK gas market opened slightly long this morning and is currently forecast to close at 3mcm oversupplied, which is likely to provide slight bearish sentiment to prompt gas contracts. - 13/11/2023
Norwegian piped flows are nominated at 326mcm/d today, down 12mcm/d from as a result of the maintenance at the Oseberg facility being extended, applying bullish pressure to day-ahead gas prices. - 13/11/2023
The Brent crude benchmark has seen some slight downside this morning on renewed concerns over decreasing demand in the US and China, coupled with mixed signals from the US Federal Reserve, has dented market sentiment. - 13/11/2023
Wind generation is forecast to remain low over the weekend and below seasonal normal levels into next week, adding bullish pressure to day-ahead baseload power. - 10/11/2023
Planned maintenance at Oseberg was revised yesterday to instead start tomorrow, this will have a slightly increased impact on the prompt. - 10/11/2023
National Gas have reported that the UK system is forecast to close 5.2mcm long today, providing bearish pressure to prompt gas prices. - 10/11/2023
Temperatures are forecast to remain below seasonal normal levels over the weekend, but are due to pick up into next week providing bearish sentiment to day-ahead prices. - 10/11/2023
There are 15 LNG cargoes currently scheduled to arrive in the UK during November, however the potential downside is limited by the fact that the total volumes of the cargoes are relatively low. - 10/11/2023
Falling interconnector flows from France is reducing the diversification of the UK power stack, increasing reliance on gas, and in doing so increase the price of prompt and near curve contracts. - 09/11/2023
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