Regular energy market updates brought to you by Ignite Energy. All the latest insights and analysis from our expert team – we extract meaning from the data so you can keep track of the changes that matter in the wholesale energy market. Energy market intelligence and data insights are core to Ignite’s innovative and proactive approach to energy management.
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UK natural gas prices have opened firm this morning despite gas demand remaining above seasonal normal levels. There was an unplanned outage at Kollnes processing plant yesterday afternoon affecting supply to the mainland. - 29/09/2020
Power fundamentals are weak as gas fired generation dominates the power stack at 57%. Wind is down at 1% and coal has ramped up to 7% as temperatures drops increasing demand for heating - 29/09/2020
Brent oil is trading at $42.17/bbl a downside of -0.6% since yesterday's close. Concerns around a second coronavirus wave continues to weigh on oil. - 29/09/2020
Carbon prices open short of -1.84%, currently trading at €27.19/tCO2. - 29/09/2020
- 29/09/2020
Natural gas prices open on the front foot this morning as temperatures dip below seasonal average level. The UK is not expecting any tankers this week so we can expect a low send out. We see a strong supply of flows coming from Norway. - 28/09/2020
Power fundamentals are weak as wind generation drops of to 13% of the mix. Gas fired turbines are holding the stack at 58% Coal generation continues to remain offline despite rise in power demand. - 28/09/2020
Oil is trading at $41.67/bbl a downside of 0.7% since Friday's close as the rise in Covid case continues to rise concerns around oil demand recovering. There are higher crude outputs from Iran and Libya despite OPEC’s attempt to stop production. - 28/09/2020
Carbon prices have seen a positive morning of +1.15% since this morning, trading at €26.48/tCO2 - 28/09/2020
The sterling slowly continues to gain strength, currently trading at €1.100 against the euro - 28/09/2020
UK natural gas prices open on the back foot as Norwegian flows and LNG send out is down due to lower demand levels. There is a LNG arrival expected tomorrow. Temperatures continue to remain below seasonal average. - 25/09/2020
Power fundamentals are strong this morning as wind generation hold the power mix at 35%. Gas fired turbines are down at 28%. Nuclear power is contributing 16% as more reactors come online after their maintenance. - 25/09/2020
Brent oil is up this morning by +0.5%, currently trading at $42.15/bbl rumours speculated that Iraq and had made an agreement with OPEC+ to increase their crude oil exports but Iraq’s oil minister confirmed this was not true. - 25/09/2020
Carbon prices are traing at €26.39/tCO2 a downside of -1.7% since yesterdays close - 25/09/2020
The pound has seen a positive morning, currently trading at €1.095 against the euro as the EU are optimistic that there is still chance that a Brexit deal can be agreed. - 25/09/2020
UK natural gas prices open firm as Norwegian flows are down as a result of maintenance. An additional LNG tanker is now expected in the UK, taking it to five due over the next couple of weeks. - 24/09/2020
Power fundamentals are stronger this morning as wind generation has risen to 20% Gas fired generation continues to hold the power stack at 43% We are currently importing over 3GW through the interconnector. - 24/09/2020
Brent oil is trading at $41.41/bbl a drop of nearly 1% since yesterdays closing price. Data released yesterday shows a reduction of 1.6 million US stock due to production disruptions as a result of hurricane season in the US. - 24/09/2020
Carbon continues to decline in value, currently trading at €26.13/tCO2which is a drop of -1.4% this morning. - 24/09/2020
The pound is trading at €1.091 against the euro - 24/09/2020
UK natural gas prices have opened firm this morning. Demand is back in line with seasonal average as the temperatures have dropped. Norwegian flows to the mainland have increased. - 23/09/2020
Power fundamentals remain dominated by gas fired turbines at 58%. We see stable wind generation which is contributing 14%. We are importing 1.2GW through the interconnectors. - 23/09/2020
Brent oil has seen a negative morning of -0.5%, trading at $41.54/bbl. API data is expected to see a build of 0.7 million barrels compared to last week 9 million draw. This is add to the global oil demand concerns. - 23/09/2020
Carbon prices are trading at €27.60/tCO2 a downside of 1% since yesterday's close. - 23/09/2020
The pound continues to drop in value following the announcement of winter Covid restrictions, currently trading at €1.086 against the euro. - 23/09/2020
UK natural gas prices open firm this morning. Gas demand is 12% below seasonal normal. Four LNG tankers are currently expected to arrive in the UK over the next couple of weeks. - 22/09/2020
Power fundamentals are weak this morning as gas demand holds the power mix at 55%. Wind generation has spiked to 16% this morning. The UK is currently exporting 1GW through the interconnectors. - 22/09/2020
Brent oil opens relatively flat this morning, continuing to trade at $41.47/bbl. Demand levels remains to be a global concern. Storm Beta is not likely to progress to a hurricane meaning oil production in the Gulf is likely to be limited. - 22/09/2020
Carbon is trading at €26.45tCO2 a downside of x% since yesterday's close - 22/09/2020
The pound continues to drop in value, currently trading at €1.086 against the euro. Further Covid-19 restrictions are expected to be announced today. - 22/09/2020
Natural gas prices open firm this morning. Demand has been forecasted to be 5% below average. There are three LNG tankers due into the UK over the next couple weeks as temperatures are set to drop from Wednesday. - 21/09/2020
Power fundamentals are weak this morning as the demand for gas fired turbines has increased to 62% of the stack. Wind and solar generation are down to 7% and 3% however wind is forecasted to ramp up to 9GW tomorrow. - 21/09/2020
Brent oil is trading at $42.14/bbl a downside of -2.3% since last weeks close as storm Beta is threatening oil production is the Gulf of Mexico. Blockades of Libya's oil exports have been reportedly lifted. - 21/09/2020
Carbon prices have traded short of -1.7% this morning, trading at €27.55/tCO2 - 21/09/2020
The sterling had opened flat at €1.091 however has dipped -0.3% through the morning and is now trading back at €1.088 against the euro - 21/09/2020
Natural gas prices open firm as the UK continues to see strong imports from the North Sea. LNG outlook as increase as the UK is expected to receive the Al Ghariya LNG tanker from Qatar tomorrow. - 18/09/2020
Power fundamentals are less harsh as wind generation increases 14% thus bringing gas fired generation down to 47%. We see nuclear power slowly increasing to 15% as more reactors come online after maintenance. - 18/09/2020
Brent oil is trading at $43.57/bbl an upside of nearly 1% this morning. Further gains despite the storms in the Gulf of Mexico affecting many US oil installations - 18/09/2020
Carbon prices have seena positive morning of around 1.3%, currently trading at €28.75/tCO2 - 18/09/2020
The pound is trading at €1.095 against the euro - 18/09/2020
Natural gas prices open firm with Norwegian imports opened long however planned maintenance due to start at Troll field today. LNG send out remains flat helping to balance the overall system. - 17/09/2020
Power fundamentals are stable as gas fired generation remains to hold the mix at 58% Wind generation is up this morning at 13% Nuclear is flat at 14% and coal as dropped of 0% - 17/09/2020
Brent oil is trading at $41.79/bbl a downside of 1% this morning as EIA reported a draw in oil stock piles of 4.4 million cubic barrels. All OPEC members have fully complied in the agreed production cuts for last month. - 17/09/2020
Carbon prices have dropped 2% since yesterday, currently trading at €29.34/tCO2 - 17/09/2020
The pound is trading €1.099 against the euro. An increase which is speculated to be bounce back in the lack of macro data or any political developments. - 17/09/2020
UK natural gas prices open firm as supply to the mainland is slightly down. LNG send out is high providing some balance to the overall gas system. There is a further LNG tanker from Qatar expected on Saturday. - 16/09/2020
Power fundamentals remain suppressed as gas fired turbines hold the mix at 58% Wind is at 11% and coal has ramped up to 4%. The UK is currently exporting in the region of 1.3GW through the interconnectors. - 16/09/2020
Brent oil has seen an upside of 2% since yesterdays close, currently trading at $41.37/bbl as further platforms in the Gulf of Mexico continue to go offline as Storm Sally approaches the US mainland. - 16/09/2020
Carbon prices open negative this morning by -2.2%, currently trading at €29.14/tCO2 as The European Commission is expected to increase its emissions reduction target by 2030. - 16/09/2020
The Sterling is trading at €1.087 against the euro - 16/09/2020
Natural gas prices open firm as despite the system reported being oversupplied. US LNG exports are expected to ramp up next year with the Freeport terminal to restart operations. A new reported outage has been flagged at the Oseberg platform. - 15/09/2020
Power fundamentals are looking flat compared to yesterday. Gas fired turbine is holding the stack at 60% as wind and solar are down at 2% and 4%. Nuclear generation continues to hold steady at 14%. - 15/09/2020
Brent oil is trading at $39.44/bbl a downside of -0.4% since yesterdays close as news released yesterday that General Haftar from Libya vowed to end the blockade of oil exports in the North African country. - 15/09/2020
Carbon prices open short of -0.6% this morning, trading at €30.30/tCO2. - 15/09/2020
The pound trades flat this morning, currently trading at €1.083 as the UK passed the first stage of the Internal Market Bill winning the majority by 77 votes meaning the UK has the right to overrule some parts of the Withdrawal Agreement. - 15/09/2020
Natural gas prices open firm this morning. An unplanned outage has been reported by Gassco. The system has opened oversupplied as yearly maintenance comes to an end. The UK is not expected to receive a further LNG tankers until Saturday. - 14/09/2020
Power fundamentals are weak this morning as gas fired turbines hold the power stack at 60% Wind and solar generation support low levels of 7% and 5%. Coal generation has come online and supporting 1% - 14/09/2020
Brent oil opens sideways, trading at $39.93/bbl fears around global oversupply continues. - 14/09/2020
Carbon prices have seen an upside of 1.3% this morning, currently trading at €26.64/tCO2. THE EU council voted to increase the carbon emissions to 60% from the UK's current target of 50%/55% - 14/09/2020
The Sterling opens firm this morning as is trades at €1.082 which is 0.2% higher than last weeks close. The pound dropped to the lowest levels since March as concerns around Brexit and the rising Covid infections is heavily weighing on the forex - 14/09/2020
UK natural gas prices open firm as the overall gas system has opened undersupplied . Planned maintenance work at Nyhamna is potentially impacting import flows. - 11/09/2020
Power fundamentals are weakened as gas fired turbines dominate the power mix at 46%, Wind generation has spiked to 26% bringing to the total renewables mix to 35% The UK is currently exporting 1.7GW to Europe - 11/09/2020
Brent oil is trading $39.98/bbl this morning, a downside of 0.2% as we have seen a rise in stockpiles and a weak demand outlook for fuel as US peak driving season has come to an end. - 11/09/2020
Carbon prices opened nearly 1% lower this morning as . Trading at €28.22/TCO2. The European Parliament supported the decision to increase the emission reductions target to 60% by 2030. - 11/09/2020
The pound is trading at €1.083 against the euro this morning a drop of 4% over the last 7 days. Its worst declines since March. - 11/09/2020
Natural gas prices have opened on the back foot this morning as demand is above normal. Norwegian import have increased and LNG send remains flat. There’s an unplanned outage at Karsto processing plant. - 10/09/2020
Power fundamentals are weak as wind generation has dropped of to 3% resulting in support from gas fired turbines which are holding the stack at 64%. Nuclear is contributing 14% as 9 of the 16 reactors remain offline. - 10/09/2020
Brent is down nearly 1% as the rise of coronavirus cases continues to weigh on prices, trading at $40.46/bbl - 10/09/2020
Carbon prices have seen a positive morning of 1.5% since yesterdays close, trading at €27.60/tCO2. The market is waiting for the vote today on the new UK's climate laws from the European Parliament. - 10/09/2020
The Sterling continues to fall in value, dropping 2% in six days. Currently trading at €1.100 against the euro as the concerns of a no deal Brexit rise. - 10/09/2020
UK natural gas prices open firm this morning as the UK received a LNG tanker today increasing supply to the mainland. There’s only a couple more expected to be delivered for the rest of September. - 09/09/2020
Power fundamentals are firmer than yesterday as wind generation contributes 26% of the power mix however this is expected to drop of as of tomorrow. Gas fired turbines remain in front at 48%. - 09/09/2020
Brent oil is trading at $40.15/bbl an upside of nearly 1% as the rise of coronavirus cases has undermined the hopes of a steady recovery in oil demand. - 09/09/2020
Carbon prices have seen a bearish drop of 1.7% since yesterdays close, trading at €26.35/tCO2 - 09/09/2020
The pound is trading at €1.102 against the euro. The UK has been pressured to tighten lockdown measures from Monday and gatherings of more than 6 people will not be permitted. - 09/09/2020
Natural gas prices open on the back foot this morning on the back of Norwegian flows to Easington terminals are at 0 due to the maintenance work that started today. The UK is oversupplied as flows to other terminals are up to balance the system - 08/09/2020
Power fundamentals are weak this morning as gas fired generation continues to hold the stack at 55%. Wind follows suit at 18%. Heysham nuclear reactors was due to come online last week however this remains out of service. - 08/09/2020
Brent oil is trading at $41.44/bbl a downside of 1.3% this morning as demand in the US for fuel is low. In addition, the number of COVID cases in the US and, UK and India are on the rise. - 08/09/2020
Carbon prices have seen a positive morning of 2.4% since yesterday, currently trading at €27.69/tCO2 - 08/09/2020
The Sterling trades at €1.112 against the euro - 08/09/2020
Natural gas prices started on the front foot today despite the absence of clear fundamental drivers aside of the planned maintenances to Norwegians fields that are scheduled over the next few weeks. LNG storage increased to 85%. - 04/09/2020
Power prices most likely to follow suit as fundamentals suggest an almost equal split between renewables and gas fired generation, at 40% contribution to the power mix. Nuclear generation accounts for 14% of the power stack while the Dutch and French interconnectors import at 1GW each. - 04/09/2020
Brent oil moves sideways this morning in the $44.00/bbl price territory as the US Non-Farm Payroll data for August are due to be released soon this morning. A potential steeper slowdown in job growth than forecasts suggest, might feed into the global energy commodity benchmark. - 04/09/2020
Carbon fluctuates around the €29/tCO2e mark with no substantial change in either direction. - 04/09/2020
The pound still trades at €1.125 against the euro. Construction PMI in GB showed to a drop in construction related activity in August compared to a month ago. - 04/09/2020
Natural gas prices are slow to get moving for another day with early indications showing a tick up on the prompt that might feed into front curve contracts. The unplanned outage at fields delivering into SEGAL has ended while total LNG sendout is at 75%. - 03/09/2020
Power contracts seem to be heading upwards today despite an increase in renewables contribution to the generation mix, at 40%, almost at par with gas fired generation while the Dutch and NEMO connectors import close to capacity levels. - 03/09/2020
Brent oil fell below $44.00/bbl, as the US weekly inventory level showed a drop of 9.38million barrels against only a 1.8million barrel drop that markets anticipated. - 03/09/2020
In terms of Carbon, the so much-anticipated key resistance level of €30/tCO2e has not been breached while EUAs are currently priced at €28.36/tCO2e. - 03/09/2020
The pound keeps trading at €1.125 against the euro amid lack of any serious improvement in Brexit talks between the EU and the UK. - 03/09/2020
Natural gas prices are yet to start trading but first indications show a drop in today’s opening.The UK gas system has been well supplied today.The unplanned outage at fields delivering into SEGAL is still ongoing. One LNG tanker is due to arrive from Qatar this week while LNG storage levels remain comfortable above 70%. - 02/09/2020
Power contracts are slow to start trading, however the increase in renewables to 35% contribution, of the power generation mix, as well as the end in the carbon rally, serve as indications that prices might ease off today. Carbon has dropped below €28.00/tCO2e. - 02/09/2020
Brent oil is priced close $46.00/bbl, amid forecasts for another weekly drop in US inventory levels and due to optimism around the global economy. - 02/09/2020
Carbon prices slipped to €27.70/tCO2e this morning. - 02/09/2020
The pound keeps trading close to €1.125 against the euro. - 02/09/2020
Natural gas prices opened firm this morning as there is an unplanned outatge at SEGAL which occurred over the weekend in addition to ongoing planned maintenance in the North Sea. - 01/09/2020
Power fundamentals are weak as gas fired generation supports and dominates the power mix at 62%. Wind and solar generation are suppressed to 6% Nuclear power is contributing 13% as reactors remain offline due to maintainance - 01/09/2020
Brent oil trades at $45.86/bbl, a upside of 1.3% since Friday's close as US oil production has began to increase on the back of Storm Laura. China's oil imports in July was the highest levels seens this year and is expected to remain this high for 2020 - 01/09/2020
Carbon prices opened flat for this morning, currently trading at €28.87/tCO2 - 01/09/2020
The pound is at €1.120 against the euro this morning - 01/09/2020
Natural gas prices are firm this morning. LNG send out is strong with two LNG cargoes are expected to dock UK shores over the weekend. Maintenance at St Fergus terminal is affecting Norwegian imports flows. - 28/08/2020
Power fundamentals are weakened as gas turbine generations dominates the power stack at 46%. Comfortable wind generation of 22% in supporting the renewables mix at 30% Nuclear remains down at 12% as maintenance continues. - 28/08/2020
Brent oil trades at $44.90 this morning a downside of 0.5%. Risk around Storm Laura affecting facilities in the Gulf of Mexico has dissipated and many ports in the US are now back open. The storm has caused havoc in the state of Louisiana. - 28/08/2020
Carbon price have risen by 5% since yesterdays close, currently trading at €29.83/tCO2 as traders continue to trade around the outcome of EU council meetings - 28/08/2020
The pound is trading at €1.115 against the euro this morning - 28/08/2020
UK natural gas prices on the back foot as the systems opens undersupplied this morning. LNG send out is strong. Temperatures remain below seasonal average and will drop further before increasing above in early September. - 27/08/2020
Power fundamentals are weakened gas fired fired generation holds the stack at 57%. Wind and solar are down at 4% and 6%. We have seen some small coal units come back online, - 27/08/2020
Brent oil is trading at €45.79/bbl an upside of 0.3% since yesterdays close. Holding strong as the hurricane season continues to threaten oil platforms in the Gulf of Mexico. - 27/08/2020
Carbon prices have dropped nearly 1% this morning, currently trading at €28.41/tCO2 - 27/08/2020
The pound is trading at €1.117 against the euro - 27/08/2020
UK natural gas prices open firm as yesterdays reported outage at Kollsnes is not expected to be back up and running until the 27th August. Another LNG tanker is on the horizon which will help balance the system. - 25/08/52020
Power fundamentals comfortable this morning as wind generation dominates the power stack at 43% Gas fired generation follows suit at 34% Nuclear has slightly increased 12% - 25/08/52020
Brent oil is trading at $45.24/bbl, a slight increase of 0.2% since yesterdays close. 44% of oil platforms in the US have been evacuated in preparation for the storm which is currently moving through the Gulf of Mexico. - 25/08/52020
Carbon prices have risen by 0.6% this morning, currently trading at €27.65/tCO2 - 25/08/52020
The pound is trading at €1.107 against the euro - 25/08/52020
UK natural gas prices are firm today as an unplanned outage at Kollsnes is causing further disruption as we remain in the maintenance period. Stronger wind generation today will likely cause some docking issues for LNG tankers. - 24/08/2020
Power fundamentals return to weakened levels after last week’s high wind generation. Gas fired generation is holding the power mix at 56%. Nuclear remains down at 11% as planned maintenance is still underway. - 24/08/2020
Brent oil is trading at $44.66/bbl continuing to trade around the $45/bbl as concerns around the global economy continue to linger. Storm Laura is making its way towards the Gulf of Mexico which could cause some platforms to close. - 24/08/2020
Carbon prices have seen a spike in price this morning, increasing by 4% to €26.69/tCO2 - 24/08/2020
The pound is trading at €1.109 against the euro. - 24/08/2020
Power fundamentals are strong today as the UK experiences strong wind generation currently contributing 45% to the power mix resulting in gas fired generation to be down at 20%. The total renewals mix for the UK is pegged at 53%. - 21/08/2020
Brent oil is trading at $44.74/bbl this morning which is a downside of 0.4%. Members of the OPEC that are overproducing oil have been approached by OPEC to reduce their output as a priority. - 21/08/2020
Carbon prices have seen a bearish drop this morning of 1%, currently trading at €25.62/TCO2. - 21/08/2020
The pound is trading at €1.117 against the euro. - 21/08/2020
UK natural gas prices slightly firm this morning as annual maintenance has begun today at the Visund gas field. Strong LNG send out is supporting the system with potential for another 4 cargoes to dock in UK terminals by the end of August. - 20/08/2020
Power fundamentals are firm as gas fired generation and wind generation are neck and neck at 28% Forecasts for the next few days indicate an increased wind generation. Nuclear remains around 3GW as a result of scheduled maintenance. - 20/08/2020
Brent oil is trading at $45.00 flat, a downside of nearly 1% since close as the U.S Federal Reserve and OPEC+ sound cautious on demand recovery with a number of countries still struggling to contain the coronavirus. - 20/08/2020
Carbon prices have taken a drop this morning, currently trading at €25.97/tCO2. EU allowances for the front Dec contract have also moved lower in comparison to yesterday’s open with the concerns around demand also impacting the carbon market. - 20/08/2020
The pound is trading at €1.106 against the euro - 20/08/2020
UK natural gas prices open firm as annual maintenance work at Aasta Hansteen has started today, alongside side the ongoing maintenance work for SEGAL pipeline. LNG send out has been consistent to support the system. - 19/08/2020
Power fundamentals are weak as gas fired generation continues to hold the stack at 58% Wind generation will remain low currently at 5%. Nuclear generation is down at 11% as reactors undertake planned maintenance. - 19/08/2020
Brent oil has seen a slight drop of -0.7% since yesterdays close, trading at $45.14/bbl continuing to trade sideways with very little change from yesterday. - 19/08/2020
Carbon prices are trading at €26.74/tCO2, an upside of nearly 1% this morning - 19/08/2020
The pound is trading at €1.11 against the euro - 19/08/2020
UK natural gas opens firm as There’s a new tanker on the horizon that is expected to arrive first week of Sept. Total of 6 tankers are scheduled. Gullfaks field has an unplanned outage with low impact and not expected to last more than 24 hours - 18/08/2020
Power fundamentals remain firm as gas fired generation holds the stack at 56%. Wind is supporting 10% to the mix. There’s a series of planned maintenance work on nuclear plants that is impacting UK nuclear availability. - 18/08/2020
Brent oil opens 0.2% higher this morning, trading at $45.45/bbl. OPEC confirmed that member managed to meet the agreed production cuts in order to support prices. China said they intend to increase their US oil imports in August and September. - 18/08/2020
Carbon prices open down by 0.7%, currently trading at €26.12/tCO2 - 18/08/2020
The pound opened firm trading at €1.107 against the euro - 18/08/2020
UK natural gas prices open firm as the gas system has opened over supplied by 13mcm today despite the planned maintenance work. We are expecting to receive one LNG cargo this week but we must receive four tankers the following week. - 17/08/2020
Power fundamentals look weak as low wind generation is expected for most of the week. Temperatures are forecast to be above seasonal average this week, There is high gas generation today (57%) - 17/08/2020
Brent oil trades at $45.00bbl, upside of 0.5% since Fridays close. China plans to increase its imports of crude oil from US in August and September thereby showing positive signs of economic recovery. - 17/08/2020
Carbon prices sees a positive morning as it opens 1% higher, currently trading at €25.70/tCO2 - 17/08/2020
The pound is trading at €1.105 against the euro - 17/08/2020
UK natural gas prices open firm as demand remains below seasonal normal levels while LNG send out is nominated slightly higher than the 7 day average as well as Norwegian flows to the UK above 5 day average. - 14/08/2020
Power fundamentals remain down as gas generation dominates the stack at 57%. with wind generation still relatively relaxed making up just 5% of total generation at present. Forecasts for wind show minimal output over the weekend. - 14/08/2020
Brent oil has seen a drop of 0.6%, trading at $44.66/bbl as the International Energy Agency (IEA) is cutting its global demand estimates for almost every quarter out to the end of next year. - 14/08/2020
Carbon is trading at €25.47/tCO2, an upside of 0.2% since yesterdays close. - 14/08/2020
The pound is trading at €1.107 against the euro. Looking at the currency markets, European stocks have dropped in early trading this morning following the new rules regarding quarantine for arrivals into the UK. - 14/08/2020
UK gas prices open flat this morning as Norwegian flows have dropped however LNG storage is near full and send out is keeping the system balanced. Three LNG tankers are expected to dock in the UK by the end of the month - 12/08/2020
Power fundamentals weak as gas fired generation supports the power mix with 60% as wind power is suppressed to 2% and solar to 6%. We are expecting a period of higher wind and lower temperatures for the second half of August. - 12/08/2020
Brent oil has seen bullish momentum breaching the $45/bbl mark yesterday afternoon, currently trading at $44.89/bbl. Demand in China is reported to be nearing pre-coronavirus levels as further restrictions are lifted. - 12/08/2020
Carbon prices are trading at €25.95/tCO2, a drop of 0.9% this morning. - 12/08/2020
Potential recession on the horizon weighted on the Pound Sterling today - 12/08/2020
UK natural gas prices open firm this morning with annual maintenance has been brought forward to today for fields delivering to SEGAL and is expected to last for a couple of weeks. - 11/08/2020
Power fundamentals are weak this morning as Wind and solar are down at 5% and 4% resulting in support from gas turbines which are contributing 60% of the mix. There is around 2GW flowing to the UK through the French interconnectors. - 11/08/2020
Brent oil trades at $45.30/bbl, an upside of 0.6% this morning - 11/08/2020
Carbon prices are trading 1.5% higher this morning, trading at €26.71/tCO2 this is likely to pressure far curve contracts with little other fundamental drivers. - 11/08/2020
The pound is trading at €1.13 against the euro. Despite the headline news of record unemployment figures in the UK which were the worst seen for a decade. These figures were better than expected causing the pound to find some strength. - 11/08/2020
UK natural gas prices open firm as despite an outage at the Kvitebjorn field that occurred on Friday causing an 8.9mcm reduction. There is an LNG tanker currently waiting in port and potential for another tanker towards the end of the week - 10/08/2020
Power fundamentals are weak as gas fired generation dominates the power mix at 50%, Wind and solar generation are low at 8% and 7% Wind is expected to be subdued all week. - 10/08/2020
Brent oil opens firm, trading at $44.40/bbl which is an upside of 1% since last close this is on the back of speculation around US-China tensions as US imposes sanctions on Chinese officials and technology companies. - 10/08/2020
Carbon prices rise 2.6% this morning, currently trading at €26.42/tCO2. Ongoing risk of a second wave still weighs on carbon preventing any larger moves at present. - 10/08/2020
The pound is trading at €1.107 against the euro - 10/08/2020
The UK natural gas prices opened soft despite unscheduled maintenance and Rig Aasta Hansteen is experiencing processing problems. A tanker is docking this morning with another on route from Qatar tomorrow. - 07/08/2020
Power fundamentals are weak as gas fired generation dominates the power stack at 57%. Wind generation is contributing to 8% and solar 5%. We continue to see strong exports to the continent through the French interconnector. - 07/08/2020
Brent oil opened this morning relatively flat, trading at $45.06/bbl. An explosion in Beirut early this week moved the needle back higher. Today prices look softer and we may see traders take risk off the table as we approach the weekend. - 07/08/2020
Carbon prices have seen a drop of 1.5%, trading at €26.11/tCO2 - 07/08/2020
The pound is trading at €1.108 against the euro this morning - 07/08/2020
Despite seemingly firmer prompt gas prices, the UK linepack has opened substantially oversupplied, as we see a sharp drop in demand for gas fired generation - 04/08/2020
Liquidity has dropped today, this means the market can be more volatile than usual, producing false signals to buy - 04/08/2020
Brent Crude Oil prices lost almost 1% this morning and is trading around 44.15$/BBL. Tomorrow EIA is going to publish stocks position in the US, and the market is expecting a drop in stocks - 04/08/2020
Carbon EUA permits rose today by 0.3%. An increase is very marginal , indicate that demand for EUA permits is not rising - 04/08/2020
Pound Sterling starts the new week against the Euro in the wake of Key Jobs and PMI Data release - 04/08/2020
UK natural gas system has been undersupplied due to reduced Langeled flows, we would expect Gas front month gas prices to rise today - 03/08/2020
Healthy wind generation, and good internconnector flows , made the electricity system well balanced - 03/08/2020
Brent has fallen by more than $1/bbl during the day currently trading at $42.09/bbl. - 03/08/2020
Carbon has decreased by nearly €1/tCO2e down to €25.24/tCO2e. These factors are reducing prices further out on the curve, with summer power contracts particularly impacted. - 03/08/2020
Pound Sterling Looks to Extend Recent Strength against Euro and Dollar - 03/08/2020
UK natural gas prices open firm this morning. A potential heatwave conditions in parts of Europe we could see some pressure on prices. LNG send out has dropped off this morning but are supported by Norwegian flows. - 31/07/2020
Power fundamentals are stronger this morning as wind generation is contributing 26% Solar is at 9% and is expected to increase throughout the day. Gas fired generation is supressed to 32% of the power mix. - 31/07/2020
Bren oil is trading at $43.32/bbl, an upside of nearly 1% this morning seeing drops in price comes from increased concern around coronavirus cases with large rises in US and Brazil. - 31/07/2020
Carbon prices opened 2.5% higher than yesterdays close, currently trading at €26.17/tCO2 - 31/07/2020
The pound is trading at €1.107 against the euro - 31/07/2020
UK natural gas prices open firm with gas supplies are comfortable today, demand has dropped slightly but the main change is the increase in supply. Norwegian import flows have increased by 20 million cubic meters, this move is likely price driven. - 30/07/2020
Power fundamentals are weak once again as gas generation holds 50% of the UK's power mix. Wind is only contributing 10% We are entering a period of high temperatures and lower wind, there is potential for tropical storm Isaias to reach the UK. - 30/07/2020
Brent oil is trading at $43.35/bbl a downside of 1% as upside from yesterday’s EIA data which showed a 10.6m barrel draw against an expected 1m barrel build. - 30/07/2020
Carbon prices have dropped 1.3% this morning, currently trading at €25.88/tCO2 - 30/07/2020
The pound is trading at €1.104 against the euro after a couple of stronger days for the pound economic forecasts are less optimistic again citing ongoing UK-EU negotiations. - 30/07/2020
UK natural gas prices open firm as the restrictions at SEGAL continue into a third day with a reduction to import flows. Temperatures set to increase as of tomorrow rising above seasonal normal. - 29/07/2020
Power fundamentals are weaken this morning as wind generation supplies 21% to the UK. Gas fired generation dominates at 43% Nuclear is back to 51Gw having tailed off towards the end of yesterday. - 29/07/2020
Oil is trading at $43.63/bbl an upside of 1% since yesterday's close. It is looking like July will be the 4th month n a row showing an overall rise in oil prices. - 29/07/2020
Carbon trades flat this morning at €25.75/tCO2 - 29/07/2020
The pound is trading at €1.102 against the euro, one of the top performing currency partly due to positive retail data showing a bounce back for July. - 29/07/2020
UK natural gas prices open firm as temperatures are around seasonal normal today but are expected to fall below from tomorrow despite the unplanned outage at Kårstø this morning. Tankers expected on the weekend have yet to dock. - 27/07/2020
Power fundamentals are strong as wind generation is at 26% with the stormy conditions today supressing gas fired to 33% There are over 3GW flowing to the UK from Europe this morning - 27/07/2020
Brent oil is trading at 43.05/bbl this morning, a downside of 0.6% since last weeks close after China expects record crude imports for July - 27/07/2020
Carbon has dropped 2.2^% since Friday's close, currently trading at €25.79/tCo2 - 27/07/2020
The pound is trading at €1.097 against the euro as the weakness against the Euro continues as the lack of progressing in Brexit deal negotiations. - 27/07/2020
UK natural gas prices open firm this morning. We are expecting to receive two LNG cargoes today. Forecast demand is below seasonal normal for the first time this week as temperatures rise above seasonal average. - 24/07/2020
Power fundamentals are weak this morning as gas fired generation dominates the power stack at 53% as Wind is only contributing 2% and solar 7%. Power exports to France seem to have stopped. - 24/07/2020
Brent oil has seen an upside 0.6% this morning, trading at $43.60/bbl as uncertainty over future demand remains. Refineries and ports are speeding up their plans to build more storage facilities in China - 24/07/2020
Carbon prices have dropped by 3.8% since yesterdays close, currently trading at €26.48/tCO2 - 24/07/2020
The pound is trading at €1.097 against the euro - 24/07/2020
UK natural gas prices have opened firm this morning as demand falls to be more in line with seasonal normal demand. Temperature forecasts have been revised warmer for the next two weeks. 3 LNG cargoes to be delivered this week - 23/07/2020
Power fundamentals remain weakened with wind and solar only contributing 11% and 6%. Gas generation forces to support at 51%. France continues to import power from the UK via the French interconnector at maximum capacity. - 23/07/2020
Brent oil has risen by 0.3% this morning, currently trading at $44.43/bbl. Refineries and ports are speeding up their plans to build more storage facilities in China in order to take advantage of the current low oil prices - 23/07/2020
Carbon prices opened 0.1% lower than yesterdays close, trading at €26.63/tCO2 - 23/07/2020
The pound is trading at €1.098 against the euro - 23/07/2020
UK natural gas prices open firm as temperatures are milder and more in line with seasonal average but expected to dip next week We also have South Hook LNG terminal sending out exporting high volumes. - 22/07/2020
Power fundamentals remain weak with gas turbines holding the mix at 49% Wind and solar are slightly up at 9% and 6% Biomass continues to contribute 10% but we continue to export 2GW to France. - 22/07/2020
Brent oil is trading at $44.00/bbl, a downside of nearly0.8% since yesterdays close. Nearly reached $45/bbl yesterday afternoon on the hopes covid-19 vaccine trials going well but have now traced back to $44/bbl. - 22/07/2020
Carbon prices have fallen by 1% this morning, currently trading at €26.34/tCO2 - 22/07/2020
The pound is trading at €1.100 against the euro because the Government have a low expectation of a trade deal being agreed with the EU. - 22/07/2020
UK natural gas prices open on the back foot. Natural gas demand is above seasonal normal due to cooler temperatures and low wind generation this week. Norwegian import flows have reduced compared to yesterday - 21/07/2020
Power fundamentals are weak this morning with gas fired generation holding at 53%. Wind and solar are contributing 4% and 8%. Biomass is outperforming wind generation this week. We are also exporting 2GW of power to France - 21/07/2020
Brent oil is trading at $43.58/bbl an upside of 0.7% since yesterdays close. Prices were propped up by positive news on vaccine trials for covid-19 being successful. - 21/07/2020
Carbon prices have risen by 2.4% this morning, trading at €26.82/tCO2 - 21/07/2020
The pound has gained strength this morning, currently trading at €1.108 against the euro. The EU have finally agreed on a stimulus package worth €750billion to boost their economy after 4 days of talks. - 21/07/2020
UK natural gas prices have opened on the backfoot this morning as import flows has increased and we are expecting 3 LNG tankers to dock UK shores this week. Ongoing maintenance on the Nordstream pipeline that is scheduled to end Sunday. - 20/07/2020
Power fundamentals are weak as gas turbines dominate the stack at 50% as wind is low at 7% and is expect to remain low all day. Power imports from Europe are very low. We are only importing 0.2GW via the French and Dutch interconnector - 20/07/2020
Brent oil is trading at $42.72/bbl a downside of near 1% this morning as US production remains relatively high in spite of the decrease in oil rig count. - 20/07/2020
Carbon prices has seen a drop of 2.7% since Fridays close, currently trading at €27.08/tCO2 - 20/07/2020
The pound has dropped below the €1.10 mark and is currently trading at €1.097 against the euro as the Euro made gains after EU leaders made progress in their plan to boost the economy of their members. - 20/07/2020
UK natural gas prices open firm this morning as we see strong import and LNG flows. On the demand side, there is little change from yesterday’s levels, with forecasts estimating the UK needs 179mcm of gas today. - 16/07/2020
Power fundamentals are weak this morning as gas fired turbines dominate at 56% thus supressing Wind and solar to 11% and 4%. The UK continues to export power to the continent through the French interconnector - 16/07/2020
Brent oil has dropped by 0.5% this morning, trading at $43.61/bbl after strong gains yesterday on the back of a drawdown of 7.5m bbl. OPEC+ are agreeing to reduce daily production cuts to 7.7 million barrels per day. - 16/07/2020
Carbon prices have seen further upside of 1% this morning, currently trading at €29.10/tCO2 - 16/07/2020
The pound is trading at €1.10 against the euro with the currency continuing to be dogged by a rising number of coronavirus cases and continued Brexit speculation. - 16/07/2020
UK natural gas prices open firm despite the increase in demand for gas fired generation the UK gas system remains in a balanced position. Temperatures are set to dip below the seasonal normal. - 15/07/2020
Power fundamentals are weak this morning as gas fired generation holds the stack at 60% Wind and solar generation are down at 6% and 5% The UK continues to be in net export mode through the French interconnector. - 15/07/2020
Oil prices are trading at $43.38/bbl this morning, an upside of 0.5% this yesterdays close. The market still has its eye focused on rising US Chinese trade tensions and the continued increase in Covid 19 cases. - 15/07/2020
Carbon prices have risen by 2.5% this morning, currently trading at €30.40/tCO2 - 15/07/2020
After a strong start to the day, UK gas prices on the NBP have started to pull back - 14/07/2020
Despite comfortable fundamentals, electricity prices remain quite high. - 14/07/2020
Oil markets have traded sideways for much of the day with Brent edging back lower to $42.73/bbl, API data released tomorrow is likely to increase volatility. - 14/07/2020
Trading in Carbon Market remains quite limited, so prices are still trading high. Prices broken €30/T and are trading at the highest level since last August - 14/07/2020
The Pound is trading lower to Euro this morning, as Goldman Sachs increased forecast for Euro currency - 14/07/2020
UK natural gas prices moved higher on a weekly basis amid maintenance on a Russian pipeline while poor renewables generation increased reliance on gas fired generation. - 13/07/2020
Power prices maintained gains throughout the week before a drop on Thursday. Carbon reached as high as €30/tCO2e amid no fundamentals while injections from interconnectors kept comfortable. - 13/07/2020
Oil prices had a volatile week, by moving as high as $43/bbl, before taking a bearish turn on Wednesday. By looking into the weekly change, Brent closed a touch higher, 0.3% from a week ago. - 13/07/2020
Carbon Prices are trading at highest level in history, they are the main factor behind electricity bullish momentum - 13/07/2020
Sterling has been able to recover strongly recently on the back of a more positive economic outlook, but Brexit risks should limit further appreciation potential. - 13/07/2020
UK natural gas prices open on the back foot. The outage at Oseberg has now been resolved. Temperatures are set to increase further over the weekend. - 10/07/2020
Power fundamentals are firmer that the start of the week as wind generation holds 15% of the stack this morning. Solar is at 10% and will rise throughout the day thus supressing gas fired generation which is currently at 45% of the mix. - 10/07/2020
Brent oil is trading at $41.75/bbl a downside of 1.5% this morning - 10/07/2020
Carbon prices have seen a drop of 1% this morning, trading at €28.32/tCO2 - 10/07/2020
The pound continues to trade at €1.116 against the euro - 10/07/2020
UK natural gas prices open on the back foot as there is an unplanned outage at Oseberg which is expected to be resolved by tomorrow. There are only 4 LNG tankers expected to arrive in the UK over the next two weeks. - 08/07/2020
Power fundamentals are weak this morning as gas fired generation holds the stack at 63% Wind is expected to remain low through the week. We are currently exporting just under 2GW through the interconnectors. - 08/07/2020
Oil is trading at $43.09/bbl. No real movement since yesterday close. The American Petroleum Institute have estimated a Crude oil inventory increase of over 2 million barrels last week; official data is due this afternoon. - 08/07/2020
Carbon prices have dropped 2% this morning and trading at €28.80/tCO2 - 08/07/2020
The pound is trading at €1.111 against the euro. All eyes are on the Chancellor’s spending announcement at lunch time today. - 08/07/2020
UK natural gas prices open firm as demand has increased to above seasonal normal , there are two extra LNG cargoes which are potentially heading to the UK, taking the total to five expected over the next two weeks. - 07/07/2020
Power fundamentals are weak this morning as win is down to 7% of the UK mix resulting in gas fired generation forcing to support at 53%. We are also exporting over 2GW through the interconnectors. - 07/07/2020
Oil is trading at $42.73/bll a downside of 1% since yesterdays close as Saudi Arabia have raised their official selling price (OSP) for the third consecutive month which implies recovering demand. - 07/07/2020
Carbon prices fall by 0.7% this morning, trading at €29.51/tCO2 - 07/07/2020
The pound is trading at €1.106 against the euro. Another round of Brexit talks this week could provide some volatility towards the end of the month. - 07/07/2020
UK natural gas prices open firm with the system being well supplied this morning. LNG send out has increased due to a LNG tanker arrived over the weekend, three more arrives are expected in the next two weeks. - 06/07/2020
Power fundamentals are firm this morning with wind generation holding the mix at 40% providing the UK's renewables mix 55% Gas fired generation is suppressed to 20%. Wind is however expected to reduce through the day. - 06/07/2020
Oil is trading at $43.56/bbl an upside of 1.7% since Fridays close. Shipments continue to be blocked in Libya, however successful negotiations could see exports rise by 1 million barrels per day. - 06/07/2020
Carbon prices has risen 3.8% this morning, trading at €28.99/tCO2 with no visible fundamental drivers behind this rise. - 06/07/2020
The pound is trading at €1.106 against the euro - 06/07/2020
UK natural gas prices open firm with the main drive is the drop in CCGT demand due to the higher renewable output. LNG send out is also lower, despite a tanker having docked at Grain yesterday. - 03/07/2020
Power fundamentals are slightly weaken as gas fired generation remain in charge at 38%. Wind generation has picked up to 25% which supported the total renewables pot at 40% The latest weather runs are looking cooler for July. - 03/07/2020
Oil prices are trading at $42.69/bbl this morning, a downside of 1% since yesterday. Demand is still low meaning there is no immediate bullish risk. - 03/07/2020
Carbon prices have dropped by 1.6% this morning, currently trading at €26.94/tCO2 - 03/07/2020
The pound is trading at €1.109 against the euro - 03/07/2020
UK natural gas prices open firm this morning as there are five LNG tankers due to arrive in the UK over the next couple of weeks. The overall gas system is well supplied today as import flows have increased. - 02/07/2020
Power fundamental remain weak as gas fired generation dominates the stack at 59% Wind and solar are suppressed at 8% and 4%. Biomass remains to contribute 10%. We are exporting over 3GW through the interconnectors. - 02/07/2020
Oil is trading at $42.46/bbl an upside of 0.5% following a larger than expected stock draw of 7.2 million barrels reported yesterday. Gains were limited due to the resurgence of Covid-19 cases in the US. - 02/07/2020
Carbon prices have dropped 1.3% this morning, currently trading at €27.34/tCO2 - 02/07/2020
The pound is trading at €1.108 against the euro - 02/07/2020
UK natural gas prices open front the front foot this morning as the lower demand being directed by the heightened renewables for this week. The forecast demand remains below averages. - 01/07/2020
Power fundamentals are weak this morning as gas fired generation is holding the stack at 55%. Wind and solar generation are down at 11% and 9% The interconnectors are currently exporting. - 01/07/2020
Oil has seen a positive upturn this morning of 2.3%m trading at $42.25/bbl - 01/07/2020
Carbon is trading at €26.84/tCO2 a downwards drop of 0.5% this morning. Carbon saw a move to the upside yesterday, hitting highs for the year. - 01/07/2020
The pound pushes higher this morning, current trading at €1.102 against the euro - 01/07/2020
The UK natural gas market opens firm as cooler temperatures have pushed UK gas demand to 14% above seasonal normal today. Norwegian flows have increased to cover the rise in demand. - 30/06/2020
Power fundamentals open weakened this morning as wind generation dips to 23% thus meaning gas generation supporting the mix at 40% Wind will pick up throughout the day. Biomass contributes 10% of the UK mix. - 30/06/2020
Oil is trading at $41.50/bbl, a drop of 0.6% since yesterday. An increase as Iran issued an arrest warrant for Donald Trump for the murder of commander Gen Qasem Soleimani in Iraq in January. - 30/06/2020
Carbon has seen a drop of 0.8% this morning, currently trading at €26.43/tCO2 - 30/06/2020
The pound is trading at €1.093 against the euro after the announcement from Boris Johnson that he plans to rebuild and plans to accelerate £5bn of infrastructure projects. - 30/06/2020
UK natural gas prices open firm this morning as the UK experiences low demand figures along with the heightened renewable output. LNG send out remains low with a few cargoes scheduled for early next month. - 29/06/2020
Power fundamentals see a strong start to the week with wind generation holding the power stack at 35% and forecasted to remain high for this week resulting in suppressed gas fired generation of 27%. Solar is contributing 6%. - 29/06/2020
Oil is down 2.2% since Fridays close, trading at $40.09/bbl. Oil continues to reflect the macroeconomic picture amid the pandemic, with some demand figures picking up globally. - 29/06/2020
Carbon prices have seen a positive upside this morning of 0.5%, currently trading at €24.86/tCO2 - 29/06/2020
The pound continues to lose ground, trading at €1.097 against the euro - 29/06/2020
UK natural gas prices open flat this morning as there is little change to the gas system which remains well supplied. Temperatures are set to remain above seasonal average for the weekend ahead. - 26/06/2020
Power fundamentals are weak this morning with gas fired generation dominating at 54%. Wind and solar are contributing 10% and 7%.Wind generation is expected to pick up to 11.5GW on Sunday, - 26/06/2020
Oil is trading at $41.54/bbl an upside of of 1.7% this morning as we see higher demand figures in Asia and the US. - 26/06/2020
Carbon has seen a positive upside this morning of 0.6%, currently trading at €25.34/tC02 - 26/06/2020
The pound continues to trade at €1.105 against the euro - 26/06/2020
UK natural gas prices slightly down this morning as the overall gas systems opens slightly over supplied. All outages in the North Sea have been resolved. Light thunderstorms expected for this weekend - 25/06/2020
Power fundamentals are weak this morning as gas fired demand dominates at 51% of the power stack. Wind and solar are neck and neck at 10%. Wind generation is still expected to be low and temperatures above seasonal averages. - 25/06/2020
Oil is trading at $40.01/bbl this morning, a decline of 0.9% this morning. The Oil inventory build was higher than expected but nothing significant. - 25/06/2020
Carbon has dropped by 1.6%, currently trading at €25.02/tC02 - 25/06/2020
The pound is trading at €1.106 against the euro - 25/06/2020
UK natural gas prices open on the front foot this morning as there is some planned maintenance to Norwegian terminals. There has been a slight in increase in LNG send out today, up by 4mcm, with a tanker docking today at South Hook - 24/06/2020
Power fundamentals are weak this morning with gas fired generation dominating at 53% Wind and solar generation are contributing 12% and 9% Temperatures are set to be hot over the next 5 days for much of North West Europe. - 24/06/2020
Oil is trading at $42.59/bbl a drop of only 0.1% this morning. EIA data later today is suggesting a build or around 1.2M barrels. Russian export duties on oil are set to increase form next week. - 24/06/2020
Carbon prices have dropped by1.3% this morning, currently trading at €25.07/tCO2. - 24/06/2020
The pound is trading at €1.105 against the euro. - 24/06/2020
UK natural gas prices open firm this morning with weather for the week continues to warm, picking up above seasonal normal. Norwegian flows are low this morning which may be short lived. - 23/06/2020
Power fundamentals are slightly weakened this morning with gas fired generation holding strong at 47%, Wind is contributing 14% Looking ahead to July the forecast is less settled with some high wind expected. - 23/06/2020
Oil has seen an upside of 0.6% this morning, trading at €43.35/bbl. US economic adviser stated the US China trade deal was over – this saw a flash in the markets. - 23/06/2020
Carbon is trading at €24.98/tCO2 a upside of 1.7% since yesterdays. - 23/06/2020
The pound is trading at €1.105 against the euro. - 23/06/2020
UK natural gas prices open on the front foot with three LNG tankers expected for the remainder of June into July, with a tanker that was signalling South Hook now looking to travel outside the EU. - 22/06/2020
Power fundamentals are firm this morning with wind contributing 22%, we are expecting wind to drop through the week with warmer temperatures for the UK. We also have import through all five interconnectors. - 22/06/2020
Oil is trading at $42.32/bbl this morning, an upside of 0.3% some slight upside as lockdown restrictions continue to lift, a reflection of the wider global economic. - 22/06/2020
Carbon prices have dropped 0.5% since Fridays close, trading at €24.05/tCO2 - 22/06/2020
The pound is trading at €1.108 against the euro - 22/06/2020
UK natural gas prices open on the back foot this morning. A Qatari tanker arrived this morning into South Hook leaving 3 more expected by the end of the month. UK gas demand has dropped off today as wind is starting to pick up. - 19/06/2020
Power fundamentals remain weakened with gas fired generation holding firm at 45% of the total UK mix. Increased wind and higher nuclear contributions does bring us below 50% Biomass is providing 8%. - 19/06/2020
Oil is trading at $42.41/bbl an upside of 2.2% this morning after news that both the US and China have reported a big rise in Coronavirus cases. - 19/06/2020
Carbon opens flat to yesterdays close, trading at €22.49/tCO2 - 19/06/2020
The pound continues to fall in value, currently trading at €1.109 against the euro. UK retail sales data this morning showed a rise of 12% double the expected rate showing the recent flurry of shopping has had some impact. - 19/06/2020
UK natural gas prices open firm this morning with the system being well supplied today. Flows are relatively unchanged however there are now only five LNG tankers due into the UK over the next two weeks. - 18/06/2020
Power fundamentals start today weakened once again as gas fired generation dominated at 61% Wind is contributing 9% and is expected to pick up tomorrow. The UK continues to export around 2GW to the continent. - 18/06/2020
Oil is trading at $40.70/bbl. 0.1% lower than yesterdays close. US Crude oil inventory data released yesterday showed a surprise build of 1.2 million barrels, which has pushed inventories to a record high. - 18/06/2020
Carbon has opened 1% higher this morning, trading at €22.97/tCO2 The UK has announced a UK ETS which will replace the EU ETS when the UK leaves at the end of the year. - 18/06/2020
The pound continues to trade at €1.113 against the euro. - 18/06/2020
UK natural gas prices open firm today as Following the end of the unplanned outage at the Troll gas field flows through the Langeled pipeline have increased. There is however a new tanker expected to arrive in the UK over the next two weeks - 16/06/2020
Power fundamentals are weakened this morning with gas fired generation holding strong at 65% of the UK power mix. Wind is contributing nothing. The UK is also exporting a total of around 2GW through the Dutch and French interconnectors. - 16/06/2020
Oil slowly gains strength to $39.85/bbl an increase of 0.4% despite concerns over a second wave of Covid-19. Beijing are reporting an “extremely severe” situation. - 16/06/2020
Carbon is trading at €22.67/tCO2. An upside of 2.21% since yesterdays close. - 16/06/2020
The pound remains to trade at €1.114 against the euro. There was an increase of 529,000 UK unemployed last month, however the unemployment rate of 3.9% was better than the 4.7% forecast. - 16/06/2020
UK natural gas prices open on the front foot this morning. Three LNG tankers arrived in the UK at the weekend, and there are three more due over the next couple of weeks. UK gas demand is today in line with seasonal normal levels. - 15/06/2020
Power fundamentals are weak this morning with gas fired generation pegged at 57%. Solar is contributing 8% and wind generation is contribution nothing. The UK is currently importing around 3GW through the interconnectors. - 15/06/2020
Oil has dropped 2.8% this morning, trading at $37.66/bbl as concerns over a resurgence of Covid-19 have halted the recent oil recovery. - 15/06/2020
Carbon is trading at €21.71/tCO2, A drop of nearly 1.5% since Fridays close - 15/06/2020
The pound is trading at €1.113 against the euro. It is looking increasing likely that there will be a no deal Brexit. - 15/06/2020
UK natural gas prices open on the front foot this morning as LNG send out from South Hook making up 26% of gas demand. Outage at Troll gas field continues however this hasn’t had a significant impact on supply. - 12/06/2020
Power fundamentals are firm this morning with wind generation holding at 30% Gas fired generations soon follows at 27% We are currently importing 3.7GW of power from Europe, which further weigh on demand for gas. - 12/06/2020
Oil is trading at $37.94/bbl a downside of 1.4% since yesterdays close. There’s new concerns that have risen up over demand being impacted due to new cases of coronavirus are going up globally. - 12/06/2020
Carbon prices have dropped 1% this morning, trading at €22.04/tCO2 - 12/06/2020
The pound is trading at €1.114 against the euro - 12/06/2020
UK natural gas prices open on the front foot this morning as demand remains above averages, driven by the cooler temperatures and increased gas fired power demand. - 10/06/2020
Power fundamentals remain weak this morning with gas fired generation taking the stance at 56% Wind and solar are neck and neck at 5% The French interconnector is importing close to capacity. - 10/06/2020
Oil prices trade at $40.51/bbl this morning. A drop of 1.7% there is an anticipated draw in US inventory data later today. - 10/06/2020
Carbon prices have seen a drop in price of 0.5% since yesterdays close. Trading at €22.40/tCO2 - 10/06/2020
The pound is trading at €1.123 against the euro - 10/06/2020
UK natural gas prices open on the front foot with an unplanned outage at the Troll gas field that was expected to end today has again been pushed back to the 15th. There are nine tankers expected to dock in the UK over the next two weeks. - 09/06/2020
Power fundamentals are weak this morning with gas fired generation dominating the stack at 57% Solar is supressed to 10% and wind even further to 1%. Europe is now expected to have a wetter June than previously forecast. - 09/06/2020
Oil is trading at $40.48/bbl a drop of 0.8% this morning. There are concerns over whether OPEC members will be compliant with the agreed production cuts. - 09/06/2020
Carbon has dropped 70% this morning, currently trading at €22.55/tCO2 - 09/06/2020
The pound is trading at €1.124 against the euro - 09/06/2020
UK natural gas prices have opened on the front foot with 9 LNG tankers due to arrive in the UK over the next two weeks and however unplanned outage at the Troll gas field was originally expected to be rectified last Friday, - 08/06/2020
Power fundamentals are weak this morning with gas fired generation pegged at 50% of the power mix. Wind and solar are down at 14% and 7%. The UK has been exporting up to 1GW through the Dutch interconnector this morning. - 08/06/2020
Oil is trading at $42.96/bbl an upside of 1.5% since Fridays close. OPEC+ have agreed to a one-month extension of the 9.7 million barrels per day production cuts. - 08/06/2020
Carbon has lost ground this morning by 1.7%, trading at €22.84/tCO2 - 08/06/2020
The pound is trading at €1.123 against the euro - 08/06/2020
UK natural gas price open on the back foot this morning with the higher wind today taking the pressure of industrial gas fired power demand higher wind brings more confidence in warmer weather for the UK weighing on prices. - 05/06/2020
Power fundamentals are strong this morning with wind generation taking the lead at 35% The total renewables mix for the UK is pegged at 57 resulting is gas fired generation being supressed to 16%. - 05/06/2020
Oil has breach the $40/bbl mark as we saw an upside of 1.7%. Trading at $40.69/bbl An OPEC meeting next week is expected to see production cuts back on the agenda, however with countries like Iran and Nigeria struggling to comply. - 05/06/2020
Carbon opens this morning relatively flat, trading at €22.18/TCO2. - 05/06/2020
The pound continues to lose ground, trading at €1.115 against the euro . - 05/06/2020
UK natural gas prices open relatively flat this morning. There are 8 potential tankers due to arrive over the next two weeks. There has been an unplanned outage at Troll however this is due to be rectified by tomorrow. - 04/06/2020
Uk power fundamentals are weak this morning however wind generation is stronger this morning at 5.8GW and is expected to reach over 10GW tomorrow. Gas fired generation is at 34% supressing solar to 6% - 04/06/2020
Oil is trading at $39.14/bbl a drop of nearly 2% since yesterday close. It looks like OPEC+ will extend cuts at their meeting next week. - 04/06/2020
Carbon loses ground this morning by 1%. Trading at €21.87/tCO2 - 04/06/2020
The pound drops further to €1.119 against the euro. - 04/06/2020
UK natural gas prices open on the front foot this morning as cooler temperatures are in the making before becoming cooler towards the weekend. - 03/06/2020
Power fundamentals are firm this morning with wind creeping up to 25% however gas fired generation remains in the lead with 34% Cooler and cloudier weather has supressed solar generation to 4% - 03/06/2020
Oil is trading at $39.98/bbl an upside of 1% this morning. There is also indications that Russia, Saudi Arabia and a few other OPEC+ countries are in favour of extending the current production curbs, for 1-3 months. - 03/06/2020
Carbon has seen a slight drop in price compared to yesterday’s close. currently trading at €22.04/tCO2 - 03/06/2020
The pound continues to trade at €1.122 against the euro - 03/06/2020
UK natural gas prices open on the front foot this morning as warm temperature remain today before cooler, windy conditions arrive at the weekend. There are 7 LNG tankers due to arrive in the UK over the next two weeks. - 02/06/2020
Power fundamentals are weak this morning as gas fired generation dominates at 44%. Wind generation remains low today at 0.6GW however is expected to increase through tomorrow to almost 8GW. - 02/06/2020
Oil has gained 1.2% this morning, trading at $38.84/bbl OPEC+ are due to meet next week however it could be brought forward to this week. Members are expected to vote in favour of extending production cuts. - 02/06/2020
Carbon is trading at €21.18/tCO2. An upside of 1% this morning. - 02/06/2020
The pound has gained some strength this morning, currently trading at €1.124 against the euro. The UK and EU are meeting for a fourth round of Brexit negotiations today. - 02/06/2020
UK natural gas prices have opened on the back foot this morning temperatures remain warm into the weekend where we expect to see a dip towards and possibly below seasonal normal levels. - 01/06/2020
Power fundamentals are weak this morning as gas fired generation dominates at 36%. Wind and solar are low at 7 %and 14% There is additional support for the stack from the interconnectors – all five currently importing. - 01/06/2020
Oil is trading at $37.71/bbl continuing its general bullish trend. The US having maintained there agreements for phase one of the US China deal has given some confidence to the market - 01/06/2020
Carbon has gained 0.8% this morning. Trading at €21.55/tCO2 - 01/06/2020
The pound is trading at €1.114 against the euro - 01/06/2020
UK natural gas prices open on the front foot this morning. Temperatures remain mild for the UK over the coming week. We see low river levels and higher demand for cooling systems supporting market prices – one to watch out for. - 28/05/2020
Power fundamentals strong this morning with gas fired generation and nuclear neck and neck. Biomass is contributing 13% and wind generation is 12%. - 28/05/2020
Oil prices have dropped 2.7% this morning, currently trading at $34.38/bbl continuing to fall after the build in inventories, when a draw was expected. - 28/05/2020
Carbon is trading at €21.50/tCO2 a upside of 1% this morning. - 28/05/2020
The pound is currently trading at €1.106 against the euro. - 28/05/2020
UK natural gas prices tumbled this morning, following the bearish sentiment across markets. The system is balanced - 27/05/2020
While Electricity Month ahead has lost 2% further out the curve prices has not changed much since yesterday. Win-20 dropped by 1% on the back of falling EUAs prices - 27/05/2020
Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong - 27/05/2020
Carbon is trading around the same level as yesterday and it is currently at 21.36 - 27/05/2020
Sterling retreated below $1.23 on Wednesday as the dollar regained some strength and investors' focus shifted back to the possibility of negative interest rates in Britain. - 27/05/2020
Natural gas prices open low on comfortable fundmentals. 16 LNG tanker arrivals to the UK for May. - 26/05/2020
Power prices follow suit as temperatures remain well above seasonal normal levels, while solar genraiton is picking up since the weekend. - 26/05/2020
Oil prices ticked up today on the back of increasing global demand as economies started lifting lockdown mesaures. - 26/05/2020
Carbon prices are up this morning , slighlty below €22/tCO2. - 26/05/2020
The Pound keeps trading around last week’s levels against major currencies, as the latest Consumer Confidence Index in the UK data for May showed a drop by less than forecasted, i.e. -34 against -42. The GBP is trading at €1.1240 and US $1.2320. - 26/05/2020
UK natural gas prices open on the front foot this morning. Temperatures in the UK today are significantly above average and is expected to remain warm for the next couple of weeks. There is an unplanned outage at Kollsnes. - 22/05/2020
Oil opens flat this morning currently trading at yesterday close of $34.65/bbl. API data last night expected that crude oil inventories reduced by 4.8 million barrels. Official data is due later this afternoon. - 22/05/2020
Power fundamentals are weak this morning as little wind generation bring the total renewables mix to 28% Gas fired demand takes dominance at 35%. Imports through the interconnectors are over 3GW. - 22/05/2020
Carbon trades at €20.11/tCO2 a upside of 0.75% this morning. - 22/05/2020
The pound remains to trade at €1.118 against the euro. UK CPI, RPI and PPI data released this morning were below expectations. - 22/05/2020
UK natural gas prices opened soft as no aoutages are in sight, while storage sites are injecting and there is no significant move in terms of LNG imports. - 21/05/2020
Power fundamentals are weak this morning as little wind generation bring the total renewables mix to 28% Gas fired demand takes dominance at 35%. Imports through the interconnectors are over 3GW. - 21/05/2020
Oil is trading on the upside at $36.00/bbl. - 21/05/2020
Carbon is flat against last day's close. It is currently priced at €21.27/tCO2. - 21/05/2020
The Pound continues to lose ground at €1.119. - 21/05/2020
UK natural gas prices open on the front foot this morning. Temperatures in the UK today are significantly above average and is expected to remain warm for the next couple of weeks. There is an unplanned outage at Kollsnes. - 20/05/2020
Power fundamentals are weak this morning as little wind generation bring the total renewables mix to 28% Gas fired demand takes dominance at 35%. Imports through the interconnectors are over 3GW. - 20/05/2020
Oil opens flat this morning currently trading at yesterday close of $34.65/bbl. API data last night expected that crude oil inventories reduced by 4.8 million barrels. Official data is due later this afternoon. - 20/05/2020
Carbon trades at €20.11/tCO2 a upside of 0.75% this morning - 20/05/2020
The pound remains to trade at €1.118 against the euro. UK CPI, RPI and PPI data released this morning were below expectations. - 20/05/2020
UK natural gas prices open on the front foot this morning as we were expecting to see a drop in import flows due to maintenance at St Fergus. Temperatures likely to be above averages for the rest of May into June. - 19/05/2020
Power fundamentals are weak this morning with gas fired generation taking the lead at 28%. Nuclear follows at 21%. The total renewals mix is pegged at 35% and is forecasted to increase of the next week as warmer temperatures approach. - 19/05/2020
Oil is trading at $34.99/bbl, an upside of 0.5% There has been a pretty strong rebound in global equity markets as restrictions lift. - 19/05/2020
Carbon is trading at €20.14/t/CO2. A downwards motion of 1% since yesterday. - 19/05/2020
The pound is currently trading at €1.119 against the euro. This may be short lived with BOE policy announcements and Brexit negotiations around the corner. - 19/05/2020
UK natural gas prices open on the front foot this morning. Temperatures are expected to remain warm for the next two weeks. LNG terminal Dragon is not exporting due to maintenance. There are only a potential 5 LNG cargoes due in the UK. - 18/05/2020
Power fundamentals are strong this morning with wind generation dominating the mix at 27% gas fired follows at 24% There is only 1GW currently being imported through the interconnectors. - 18/05/2020
Oil is trading at $33.73/bbl. An upside of 3.7% since Fridays close. China’s oil demand counties to increase however fears of a second wave of Covid-19 which could cause countries to close down again. - 18/05/2020
Carbon has gained strength this morning by 1.36%, trading at €19.44/tC02 - 18/05/2020
The pound is trading at €1.120 against the euro. There are big fears over the UK’s economy due to the response to the Covid-19 pandemic. - 18/05/2020
UK natural gas prices open on back foot this morning with Norwegian flows remaining low total exports for May were 10% lower than for April. There are now speculation that we could see more LNG heading back to Asia. - 15/05/2020
Power fundamentals are weak this morning with gas fired generation pegged at 31% Wind and solar are contributing 13% and 11%. The interconnectors continue to import at near capacity. - 15/05/2020
Oil is trading at $32.41/bbl a upside of 4%since yesterdays close. Anticipating demand will now fall in 2020 by 8.6 million barrels per day, as opposed to an earlier forecast of 9.3 million barrels. - 15/05/2020
Carbon has gained strength this morning by 1.1% with EUAs now trading hands back over €19/tCO2e. Currently trading at €19.09/tCO2 - 15/05/2020
The pound is currently trading at €1.129 against the euro as UK GDP collapsed in the first quarter of this year due to the coronavirus. - 15/05/2020
UK natural gas prices open on the front foot this morning despite a couple of unplanned events at Visund and Kvitebjørn. Temperatures are still below seasonal normal for the next couple of days before we enter a period of warmer weather. - 14/05/2020
Power fundamentals are weak this morning with gas fired generation at 32% Wind and solar neck and neck at 14% with support coming from near capacity flows through the main 3 interconnectors. - 14/05/2020
Oil has gained strength this morning by 2.6%, trading at $29.69/bbl as the latest EIA data seeing a 700k draw against a 4.1m expected. - 14/05/2020
Carbon is trading at €18.54/tCO2 a downside of 0.8% - 14/05/2020
The pound has lost more ground this morning, currently trading at €1.129 against the euro as with Covid-19, BoE policies and Brexit negotiations all contributing. - 14/05/2020
UK natural gas prices open on the front foot this morning as demand is 20% above seasonal normal with temperatures remaining on the cooler side. There is a new unplanned outage at Kollsnes; impact and duration are currently not known. - 13/05/2020
Power fundamentals are weak as gas fired generation dominates at 30%. Nuclear generation follows at 20% Wind and solar are low at 18% and 9% There is over 3GW being imported through the interconnectors - 13/05/2020
Oil has dropped 2.6% this morning, trading at $29.20/bll. The API predicted last night that US Crude stocks have increased by 7.5 million barrels; official data is due out this afternoon. - 13/05/2020
Carbon is trading at €18.44/tCO2 - 13/05/2020
The pound is currently trading at €1.132 against the euro. This currency lost ground yesterday after the UK GDP data release showing a 2.1% reduction than the forecast. - 13/05/2020
UK natural gas prices has opened on the front foot this morning. Cooler temperatures see demand increase to above seasonal normal, There are still nine LNG tankers due to arrive in the UK; three of which estimated for today. - 12/05/2020
Power fundamentals are weak this morning with gas fired generation at 28%. Wind and solar follows behind at 17% and 13%. The UK is also receiving over 3GW of imports through the interconnectors. - 12/05/2020
Oil has gained strength this morning by 1%, trading at $29.87/bbl. Saudi Arabia has reduced production by a further 1 million barrels per day (bpd) in addition to the OPEC-led cuts. - 12/05/2020
Carbon prices have dropped by 1% this morning, currently trading at €18.91/tCO2 - 12/05/2020
The pound is trading at €1.141 against the euro. UK GDP data is due tomorrow. - 12/05/2020
UK natural gas prices open on the front foot as temperatures have dipped today after a warm weekend however are expected to increase from Thursday. There are 9 LNG tankers expected to arrive in the UK over the next 2 weeks. - 11/05/2020
Power fundamentals are strong this morning with wind generation pegged at 36% Total renewable generation for the UK is at 53%. Gas fired generation is suppressed to 16%. - 11/05/2020
Oil has is trading at $30.46/bbl a downwards movement of 1.6% since Fridays close. The US rig count has dropped to a record low at 374. - 11/05/2020
Carbon has dropped 0.7% this morning, trading at €19.21/tCO2 as high auction volumes pressure. - 11/05/2020
The pound is trading at €1.143 against the euro . Following Boris Johnson’s announcement last week it looks like the UK will be slower than other European countries to come out of lockdown - 11/05/2020
UK natural gas prices open on the front foot . Warm temperatures have resulted in below seasonal normal demand today. LNG terminal Dragon is exporting at 0 due to maintenance. - 07/05/2020
Power fundamentals is weak this morning with gas fired demand at 35%. Nuclear power is contributing 22% The National Grid are in talks with EoN to potentially reduce the output from the Sizewell nuclear plan. - 07/05/2020
Oil is trading at $29.55/bbl. A downwards movement of 0.7%. US crude stock data released yesterday showed a build of 4.5 million barrels which was much lower than the forecast 8.5 million. - 07/05/2020
Carbon has lost ground this morning by 0.5%, Currently trading at €28.93/tCO2 - 07/05/2020
The pound is trading at €1.146 against the euro. The Bank of England has decided to keep the interest rate the same and are not injecting any more stimulus. - 07/05/2020
UK natural gas prices opened on the back foot despite temperatures increasing today, forecast gas demand is in line with seasonal normal. There are still 9 LNG tankers expected to arrive in the UK over the next two weeks. - 06/05/2020
Power fundamentals are weak this morning with gas fired demand pegged at 35%. Solar is at 11% but this will increase as the day progresses. - 06/05/2020
Oil has opened flat this morning, trading at $30.91/bbl API oil inventory data released last night showed a build of 8.4 million barrels. - 06/05/2020
Carbon has dropped 1.6% this morning, Currently trading at €18.78 - 06/05/2020
The pound is trading at €1.148 against the euro. UK Services PI data was better than expectations. The market will now await the Prime Ministers address to the nation on Sunday. - 06/05/2020
UK natural gas prices opened on front foot as colder temperatures have seen demand edge above seasonal normal, however temperatures are set to increase from tomorrow. Increased LNG send-out is compensating for the higher demand. - 05/05/2020
Power fundamentals are strong with gas fired generation supressed to 21%. Nuclear holds the ground at 22%. Renewables mix is contributing 42% The top three interconnectors are importing to support. - 05/05/2020
Oil is trading at $29.16/bll an upside of 2% since yesterday as Chinese demand starts to increase and the OPEC+ production cuts start to take effect. - 05/05/2020
Carbon is trading at €19.59/tCO2 an upside of 1.1% since yesterday - 05/05/2020
The pound has climbed back over the €1.14 market, currently trading at €1.143 against the euro. UK services PMI data is due out this morning. - 05/05/2020
UK natural gas prices open on the front foot this morning as forecasts are suggesting this week will be above seasonal normal levels. A drop in storage withdrawals and increase in injections as well as a drop in LNG send out. - 04/05/2020
Power fundamentals are weak this morning with gas fired generation at 39% Wind is contributing 4% and solar 8% we have support from all five interconnectors. - 04/05/2020
Oil has lost some ground this monring by 1.6%. Currently trading at $25.99/bbl Oil production at refineries continues to remain strong, with escalating US Chinese trade tensions again likely to weigh on oil markets. - 04/05/2020
Carbon is currently trading at €19.00/tCO2 as auction volumes were up on last week, forecasts suggest bearishness for carbon this week - 04/05/2020
The pound has dropped below the €1.14 mark, currently trading at €1.139 - 04/05/2020
UK natural gas prices open on the front foot with temperatures looking a bit cooler for next week but continue to oscillate around seasonal normal levels. - 01/05/2020
Power fundamentals are slightly weakened this morning as with gas fired generation at 28%. Nuclear follows at 21%. The total renewable mix is contributing 37% to the total UK power mix - 01/05/2020
Oil is currently trading at $26.11/bbl a drop of 1.5% As it’s the first day of May we will begin to see the most recent OPEC production cuts come into force. - 01/05/2020
Carbon has dropped 1% this morning, trading at €19.39/tCO2 The IEA is expecting carbon emissions to drop by 8% globally as a result of the coronavirus, - 01/05/2020
The pound is currently trading at €1.144 against the euro. Prime Minister Boris Johnson confirmed yesterday evening that the UK is has a negative R showing the infection rate is less than one person. - 01/05/2020
UK natural gas bearishness continues. 7 LNG tankers are on the horizon for the UK in the next two weeks, all bar one tanker is coming from Qatar. Milder temperatures are also expected next week. - 24/04/2020
Power fundamentals are weak with gas fired generation dominating at 40%. Wind is suppresed to 3% and solar is contributing 10%. The three large interconnectors are importing close to capicity to further support the stack. - 24/04/2020
Oil gained strength to $21.67/bbl this morning. An upside of $21.67/bbl. Donald Trump announced that the US armed forces would act following harrasment of US tankers. - 24/04/2020
Carbon has dropped by 1.5% this morning, currently trading at €20.72/tCO2. - 24/04/2020
UK natural gas bearishness continues. 7 LNG tankers are on the horizon for the UK in the next two weeks, all bar one tanker is coming from Qatar. Milder temperatures are also expected next week. - 24/04/2020
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