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Cancelled pipeline gas deliveries via the Yamal-Europe pipeline, whilst no additional volumes have been booked via Ukraine is provding upside risk to near-curve UK gas contracts. - 17/05/2022
The Brent crude benchmark is pointing up from settlement this morning, with easing lockdown measures in China and perspective of EU oil ban supporting price action. - 17/05/2022
Despite the 480 MW Hinkley Point B-7 reactor due to return this week, it remains offline. This is adding bullish pressure to prompt UK energy contracts. - 17/05/2022
The UK and EU carbon benchmark are trading upwards this morning, with a vote on the EU ETS reforms scheduled today, offering support. - 17/05/2022
Rising wind generation into tomorrow is providing bearish pressure to prompt UK energy contracts on reduced demand for gas-fired generation. - 17/05/2022
A stabilization of Russian pipeline gas flows through Ukraine, after a sharp drop seen last week, has added bearish pressure to near-curve UK gas contracts. - 16/05/2022
The Brent crude benchmark is pointing down from settlement this morning, despite easing lockdown measures in China and progress in the EU embargo of Russian oil. - 16/05/2022
The benchmark for UK and EU carbon is trading sideways this morning, though the publication of EU plans to diversify away from Russian supplies could spur volatility. - 16/05/2022
The EU commission is to stand by their decision on payments for Russian gas, adding bullish pressure to near-curve UK gas contracts on greater supply concerns. - 16/05/2022
Wind generation and temperature are forecast to remain above seasonal norms, though a fall into tomorrow is supporting prompt UK energy contracts. - 16/05/2022
Day-ahead UK energy contracts are pointing sharply up from settlement, with wind generation forecast to fall sharply over the weekend. - 13/05/2022
The 480 MW Hinkley Point B-7 nuclear reactor is due to come back online today, offering bearish signals for prompt contracts into next week. - 13/05/2022
Near curve UK gas contracts are pointing down from settlement, with concerns surrounding a disruption in Russian gas easing somewhat this morning. - 13/05/2022
The Brent crude benchmark has moved higher this morning, despite delays in the EU Russian crude embargo, with demand out of China rising as lockdown measures ease. - 13/05/2022
National Grid is forecasting the UK gas system to close oversupplied today, leaving further volumes for injection into storage, which has strenghtened significantly in Apr- and May-22. - 13/05/2022
Climbing wind generation and temperatures into tomorrow are offering bearish signals to prompt UK energy contracts, reducing household heating and fossil fuelled generation demand. - 12/05/2022
The benchmark UK and EU carbon contracts are pointing down from settlement, driven in part by the rise in near curve UK gas futures. - 12/05/2022
The Brent crude benchmark is bearish this morning, with demand out of China remaining suppressed, whilst a ban on Russian crude imports by the EU is held up by some members. - 12/05/2022
Near curve UK gas contracts are making strong gains this morning, supported by the drop in Russian gas flows through Ukraine. - 12/05/2022
The outage at the 575 MW Heysham 1-2 nuclear reactor has been extended today, providing bullish pressure to prompt contracts in May-22. - 12/05/2022
A halt to Russian gas flows via Ukraine is adding bullish pressure to near-curve UK gas contracts this morning. However, strong LNG imports are limiting the upside - 11/05/2022
The Brent crude benchmark is pointing up from settlement this morning, supported by the expected EU ban on Russian oil imports despite not being fully agreed - 11/05/2022
The benchmark EU and UK carbon contracts are trading upwards this morning, reversing some of the losses made during yesterday's trading - 11/05/2022
The coal benchmark move to the downside yesterday, limiting some of the bullish pressure to near curve and closer-dated seasonal UK energy contracts - 11/05/2022
Forecasts of falling wind generation and temperatures into tomorrow are providing bullish pressure to prompt UK energy contracts - 11/05/2022
Temperatures and wind generation are forecast to remain above the seasonal norms into tomorrow, providing bearish pressure to prompt UK energy contracts. - 10/05/2022
Near curve UK gas contracts continue their downwards trajectory this morning, spurred by a continuation of strong LNG imports and firm pipeline gas supplies. - 10/05/2022
Emissions markets are trading neutral from settlement, losing some of their value in yesterday's trading despite the pullback in gas markets. - 10/05/2022
Gazprom has attempted to reassure European counterparts of stable supply, easing some of the upside risk to UK energy futures associated with the rouble requirement and expected EU oil ban. - 10/05/2022
Coal moved to the downside during yesterda's trading, though the similar pullback in gas markets is likely to limit the amount of coal-fired generation being brought online. - 10/05/2022
Weather fundamentals are offering bearish pressure to prompt UK energy contracts this morning, with temperatures and wind generation rising into tomorrow. - 09/05/2022
Near curve UK gas contracts are being pressured lower this morning, driven by continued strong imports of LNG and pipeline gas to the UK and Europe, as well as strengthening storage. - 09/05/2022
The Brent crude benchmark is neutral-bearish this morning, though remains supported close to all-time highs on the back of the G7, and expected EU, ban on Russian crude. - 09/05/2022
The benchmark EU and UK carbon contracts are trading sideways this morning, following strong gains in Friday trading which have pushed them close to all-time highs. - 09/05/2022
The Torness 2 and Hinkley Point B-7 nuclear reactors went offline this week for planned and unplanned maintenance, respectively. This removes over 1 GW of nuclear capacity. - 09/05/2022
Forecasts of a sharp rise in wind generation early next week have provided strong bearish pressure to prompt UK energy contracts. - 06/05/2022
The Brent crude benchmark continues to be pushed higher by talks of an embargo on Russian crude oil by the EU, which is looking increasingly likely. - 06/05/2022
The announcement that Germany will be expanding its LNG import capacity is bearish for near curve UK energy, suggesting stronger supply security. - 06/05/2022
Near curve UK energy contracts are pointing down from settlement, in part driven by the shortened planned outage at a Norwegian natural gas facility. - 06/05/2022
Emissions markets are moving to the upside this morning, with the bearish direction of near curve UK energy reducing demand destruction concerns. - 06/05/2022
Prompt UK energy contracts are pointing down from settlement this morning, with rising wind generation and temperatures into tomorrow providing bearish pressure. - 05/05/2022
European and UK gas storage have strengthened quicker than previous years so far in S-22, providing bearish signals to the near curve and W-22 contracts. - 05/05/2022
UK and EU emissions markets are flat this morning, though are trading above where they opened the week despite the rise in UK energy futures this week. - 05/05/2022
Coal prices have moved to the upside this week, providing bullish pressure to UK energy futures on higher coal-fired premiums and increased competition for gas supplies. - 05/05/2022
UK and European energy futures continue to be exposed to upside risk from the potential ban on Russian crude oil by the EU, which could stimulate a response from Moscow. - 05/05/2022
Near curve UK energy futures are bullish this morning, supported by the Russian warning that they could terminate exports and deals. - 04/05/2022
The Brent crude benchmark is exposed to bullish pressure this morning, with the EU oil embargo providing upside risk to global crude markets. - 04/05/2022
Emissions markets have moved to the upside in recent trading, though the bullish direction of UK energy futures may provide a bearish retracement on demand destruction concerns. - 04/05/2022
Rising temperatures and wind generation into tomorrow are providing bearish signals to prompt contracts, though price action is neutral to bullish - 04/05/2022
The 595 MW Torness 1 nuclear reactor has returned to service and is operating close to full capacity, offering bearish signals for prompt contracts this week. - 04/05/2022
The benchmark UK and EU carbon contracts are neutral-bullish this morning, though prices have come down this week on demand destruction concerns. - 29/04/2022
Near curve UK gas contracts are moving to the upside this morning, though still remain strongly below where they closed the previous week. - 29/04/2022
The day-ahead UK gas contract is pointing strongly up from settlement, supported by a continuation of below normal wind and temperatures into next week. - 29/04/2022
The Brent crude benchmark is bullish this morning, supported by signs that a ban on Russian crude by the EU is increasingly likely. - 29/04/2022
The UK gas system is forecast to close short today, limiting capacity for injection into mid-range storage, though storage has climbed sharply this week. - 29/04/2022
May- and Jun-22 UK gas futures are pointing sharply down from settlement, with 11 LNG cargoes already confirmed for May-22 delivery and strong imports expected to continue. - 28/04/2022
The Brent crude benchmark is trading neutral from settlement, with weaker Chinese demand and greater US supply being offset by concerns surrounding Russian crude supplies. - 28/04/2022
Russian gas flows into Europe were up yesterday, despite the halting of supplies to Poland and Bulgaria. This has reduced supply concerns for Europe, offering downside to the near curve. - 28/04/2022
The confirmation of corrosion problems at several EDF nuclear reactors continues to offer support to UK baseload futures, with further reactors under inspection posing upside risk. - 28/04/2022
Rising wind generation into tomorrow is providing bearish pressure to the prompt UK baseload contract, though below normal temperatures continue to support the spot UK gas contract. - 28/04/2022
Russia cutting gas supplies to Poland and Bulgaria has increased uncertainty surrounding the Russian rouble requirement, adding bullish pressure to UK gas contracts. - 27/04/2022
The UK and EU carbon benchmark pointing down from settlement this morning, following fears of demand destruction out of Poland and Bulgaria. - 27/04/2022
The Brent crude benchmark is trading upwards this morning, as Russian gas tension increases fears of supply disruptions, adding bullish pressure. - 27/04/2022
UK domestic output is forecast to rise today, though bearish pressure is minimal with the increase in exports to Europe. - 27/04/2022
Weather fundamentals offering support to UK baseload prices into tomorrow, on forecasts of below normal temperatures and wind generation. - 27/04/2022
Strong LNG imports confirmed for May-22 are adding some downside potential for near curve UK gas contracts, though price action is up this morning. - 26/04/2022
The UK and EU carbon benchmark have made gains today, providing bullish pressure to UK baseload futures. - 26/04/2022
The Brent crude benchmark is trading downwards this morning, with the news of an increase in U.S. oil output and continued lockdown measures in China. - 26/04/2022
Increases in Norwegian and Russian pipeline supply are offering bearish pressure to the UK gas futures, on increased supply security. - 26/04/2022
Forecasts of below normal wind generation and temperatures into tomorrow are offering support to prompt UK energy contracts. - 26/04/2022
There are signs that French nuclear availability could weaken further are offering bullish pressure to UK energy futures. - 25/04/2022
After making a strong recovery last week, UK and EU carbon markets are moving to the downside this morning, as RUS-UKR risks continue to stifle speculative interest. - 25/04/2022
The Brent crude benchmark is pointing sharply down this morning, with demand destruction concerns from China weighing. - 25/04/2022
Weather fundamentals are offering support to prompt UK energy contract this week, with temperatures and wind generation forecast below the seasonal norm. - 25/04/2022
UK mid-range storage has climbed sharply in WC 19-April, offering bearish pressure to UK energy futures on greater supply security. - 25/04/2022
The 630 MW Sizewell B-2 nuclear reactor has returned to service today, though falling wind generation and temperatures into next week are offsetting any downside. - 22/04/2022
The benchmark UK and EU carbon contracts have moved to the upside this morning, providing bullish pressure to UK baseload futures. - 22/04/2022
The Brent crude benchmark is pointing down from settlement, with weak demand in China due to lockdowns offsetting upside from tight global crude markets. - 22/04/2022
The euro is strengthening relative to the British pound this morning, offering bullish pressures to UK energy futures on greater costs for power and gas supplies from Europe. - 22/04/2022
UK energy futures moved to the upside during yesterday's trading, spurred by weakening Norwegian output due to an unplanned outage at the Kollsnes gas processing plant. - 22/04/2022
UK mid-range storage has risen sharply this trading week, with further injections forecast today. This offers bearish signals to UK gas futures on greater supply security - 21/04/2022
The Brent crude benchmark is pointing up from settlement this morning, with the uncertainty on a Russian oil ban adding upside risk. - 21/04/2022
The benchmark UK and EU carbon contracts have made gains this week, fuelled by the Dec-22 benchmark contract breaking resistances. - 21/04/2022
The unplanned outage at the Sizewell B 1-2 reactor has been extended by a day, adding bullish pressure to the prompt UK energy contracts. - 21/04/2022
Wind generation is forecast to continue strengthening into tomorrow, adding bearish pressure to prompt UK energy contracts. - 21/04/2022
Strong LNG imports for April and confirmed imports for May is adding some downside potential for near curve UK gas contracts, though price action is up this morning. - 20/04/2022
The UK and EU carbon benchmark is trading upwards this morning, in part due to easing concerns over Russia's rouble requirement. - 20/04/2022
The Brent crude benchmark is pointing up from settlement this morning, with concerns of supply disruptions from Libya adding upside risk. - 20/04/2022
Unplanned outage at Sizewell B has removed 1.2 GW of nuclear capacity and is adding bullish pressure to prompt UK energy contracts. - 20/04/2022
Forecasts of surging wind production and above the norm temperatures into tomorrow is adding some bearish pressure to prompt UK energy contracts. - 20/04/2022
A continuation of below normal wind generation into tomorrow is offering bullish pressure to prompt UK energy contracts this morning. - 19/04/2022
UK confirmed and delivered imports of LNG in Apr-22 have risen by around 25% from Mar-22 levels, with the increased supply providing bearish signals to UK energy futures. - 19/04/2022
The Brent crude benchmark is exposed to upside risk stemming from reduced Libyan output and signs of easing lockdown measures in China. - 19/04/2022
Strong storage injections have seen UK mid-range storage rise around 18% since last weekend, with further injections forecast today, offering downside potential on greater supply security. - 19/04/2022
The UK and EU carbon benchmarks are pointing down from settlement on signals that Russia may continue to take gas payments in euros. - 19/04/2022
Putin vowing to continue the conflict in Ukraine is offering upside risk to UK gas contracts on prospects of reduced supplies, though price action this morning is minimal. - 14/04/2022
The Brent Crude benchmark is pointing down from settlement, despite plans to reduce oil imports from Russian companies. - 14/04/2022
The benchmark EU and UK carbon contracts trading up from settlement this morning, supported by the negatively correlated gas market. - 14/04/2022
Falling temperatures and below normal wind generation into next week are adding bullish pressure to prompt UK energy contracts. - 14/04/2022
The UK has 24 confirmed LNG cargoes for Apr-22, up from last month already and providing some bearish pressure to near curve UK gas contracts. - 14/04/2022
The benchmark EU carbon contract is pointing down from settlement, with the ban on Russian coal by the EU reducing expected power sector permit demand. - 13/04/2022
The UK is forecasting strong injections into mid-range gas storage today, providing bearish pressure on greater supply security. - 13/04/2022
Seasonal UK gas futures are making gains this morning, supported by the rise in coal prices yesterday and the EU's ban on coal imports in effect from Aug-22. - 13/04/2022
The 595 MW Hartlepool 2 nuclear reactor has returned to service today, providing bearish signals to prompt contracts through this week. - 13/04/2022
Wind generation is forecast to continue falling into tomorrow, providing bullish signals to prompt contracts as demand for more costly non-renewables rises. - 13/04/2022
The embargo on Russian coal imports by the EU, in place from Aug-22, is offering support to seasonal futures contracts this morning. - 12/04/2022
The Brent crude benchmark is trading up from settlement this morning, with an embargo on Russian oil imports being proposed by some EU ministers. - 12/04/2022
The benchmark UK and EU carbon contracts are trading mostly sideways this morning, though the ban on coal imports offers some downside potential. - 12/04/2022
Falling temperatures into tomorrow are offering bullish signals to prompt UK gas contracts, whilst firm wind generation is limiting the upside to prompt UK baseload. - 12/04/2022
Lockdown measures in China could see demand for LNG dampened, potentially seeing greater volumes directed Westward to Europe. - 12/04/2022
The Brent crude benchmark is pointing down from settlement, driven by falling demand in China and the release of strategic reserves from the IEA. - 11/04/2022
The ban on Russian coal imports by the EU, to be in place from Aug-22, is offering downside to carbon contracts on prospects of reduced power sector permit demand. - 11/04/2022
Last week, the US brought online additional oil and gas rigs for the third week in a row. This offer downside potential to gas and crude futures on prospects of greater LNG supply. - 11/04/2022
The 615 MW Heysham 2-7 nuclear reactor has been brought back online today, offering downside to prompt contracts through this week. - 11/04/2022
The first face-to-face meeting between President Putin and a European leader offers greater prospects for a end to the RUS-UKR conflict. - 11/04/2022
UK gas futures are neutral from settlement this morning, though news of a non-binding proposal on an embargo of Russian energy imports could provide upside risk. - 08/04/2022
The Brent Crude benchmark is pointing up from settlement this morning, despite the announcement of the IEA strategic oil reserves release. - 08/04/2022
The UK carbon contract continues to make gains today, though prices remain subdued relative to all-time highs. - 08/04/2022
Forecasts of below average temperatures early next week is adding bullish pressure to prompt contracts on greater household heating demand. - 08/04/2022
LNG imports to the UK remain firm in Apr-22, with volumes delivered or confirmed close to Mar-22 levels. This could add bearish pressure on greater supply prospects. - 08/04/2022
UK gas futures are neutral this morning, though are receiving some downside potential from the announcement that Gazprom Germania will be managed by the German government. - 07/04/2022
The Brent Crude benchmark is neutral this morning, despite the announcement of the IEA and U.S. reserves release. - 07/04/2022
The possibility of tighter sanctions on Russia by the EU is offsetting any downside to UK energy futures from the German takeover of Gazprom Germania. - 07/04/2022
The coal benchmark is trading neutral from settlement, with it looking likely that a ban on Russian coal imports by the EU may be pushed back. - 07/04/2022
UK and EU emissions markets are seeing divergent price action this morning, with UK businesses releasing hedges in the EU scheme to buy permits in the UK scheme. - 07/04/2022
Talks of the EU proposing a ban on Russian coal imports continues to add some upside risk to UK energy futures, though price action is neutral this morning. - 06/04/2022
Russian gas flows to Europe continues to remain steady, adding some bearish pressure to the UK gas futures despite talks of new Russian sanctions. - 06/04/2022
The benchmark UK and EU carbon contracts are up from settlement as the EU plans a ban on Russian coal imports. - 06/04/2022
The Brent crude benchmark pointing upwards from settlement, with uncertainty surrounding the IEA oil reserve release adding bullish pressure. - 06/04/2022
Wind generation is forecast to remain above the norm into tomorrow, offering some bearish pressure to prompt UK energy contracts. - 06/04/2022
Continued Russian gas flows into Europe are limiting the upside risk to UK energy futures from talks of sanctions by the EU. - 05/04/2022
The Brent crude benchmark is pointing up from settlement, with talks of new sanctions on Russia by the EU adding bullish pressure. - 05/04/2022
The benchmark for EU and UK contracts are trading sideways this morning, though sit well below prices seen this time last week. - 05/04/2022
Wind generation is forecast to fall into tomorrow, however it remains above the seasonal norm. This is offering bearish direction to the prompt UK baseload contract. - 05/04/2022
The spot UK gas contract is pointing sharply up this morning, with temperatures and wind generation forecast to fall into tomorrow - 05/04/2022
UK gas futures are neutral this morning, with uncertainty continuing to prevail from the Russian requirement for gas purchases in roubles. - 04/04/2022
The benchmark UK and EU carbon contracts are down from settlement, with downside potential stemming from demand destruction fears. - 04/04/2022
Forecasts of wind generation remaining above the seasonal normal into tomorrow are adding bearish pressure to prompt contracts. - 04/04/2022
The benchmark Brent crude oil contract is pointing sideways this morning, as prices settle amid the silence from U.S. about the size of oil volumes to be released. - 04/04/2022
Forecasts of falling temperatures below the normal, adding some bullish pressure to prompt contracts this morning. - 04/04/2022
Falling wind generation and below normal temperatures are offering support to prompt contracts into next week. - 01/04/2022
The benchmark for EU and UK carbon contracts to the upside this morning, though rising gas prices are providing some downside potential on demand destruction fears. - 01/04/2022
The Brent crude benchmark continues to weaken this morning, spurred by rising Covid-19 cases in China and the release of strategic reserves by the US. - 01/04/2022
The UK has 12 confirmed or delivered cargoes for Apr-22, with continued strong imports likely to offset some of the upside risk stemming from the rouble requirement. - 01/04/2022
The benchmark UK and EU carbon contracts are recovering this morning, as fears of disruptions in Russian gas supply ease. - 31/03/2022
The Brent crude benchmark is pointing down from settlement, with the US set for another release of strategic oil reserves. - 31/03/2022
Weather fundamentals are supportive to prompt UK energy contracts this morning, with falling temperatures and wind generation into tomorrow. - 31/03/2022
Revisions to the 45d weather forecast are bearish for Apr-22 and May-22, with wind generation forecast to predominantly remain above the seasonal norm. - 31/03/2022
UK energy futures are trading predominantly sideways this morning, though the Kremlin not immediately demanding roubles may offer some downside. - 31/03/2022
Temperatures are forecast to continue falling into tomorrow, adding bullish pressure to prompt UK energy contracts on increased household heating demand. - 30/03/2022
National Grid is forecasting the UK gas system to close oversupplied today, though storage withdrawals have been needed to cover demand. - 30/03/2022
The UK has now got 9 LNG cargoes confirmed for delivery in Apr-22, providing downside potential to the front month on indications that strong imports may continue. - 30/03/2022
The benchmark UK and EU emissions contracts have retraced much of their recent gains this morning, offering bearish pressure to UK energy futures. - 30/03/2022
UK energy futures are coming under bullish pressure this morning, with Germany declaring an early warning of possible gas supply emergency. - 30/03/2022
The benchmark UK and EU carbon contracts are pointing up from settlement, continuing their recovery today as the EU largely rules out market intervention. - 29/03/2022
Despite forecasts of rising wind generation into tomorrow, falling temperatures are adding bullish pressure to prompt contracts. - 29/03/2022
Storage injections are expected to continue today in the UK, reducing the supply security risk associated with tight energy supplies across Europe. - 29/03/2022
G7 nations declare that paying for gas off Russia in roubles would be a clear breach of contract, adding a level of uncertainty until we see the Russian response. - 29/03/2022
The Brent crude benchmark is bullish this morning after following a bearish trend through yesterday, with downside stimulated by rising Covid-19 cases in China. - 29/03/2022
Falling temperatures and rising levels of wind generation are providing bullish and bearish signals to prompt UK baseload and gas contracts, respectively. - 28/03/2022
The UK carbon benchmark is strengthening this morning, though continues to trade in a volatile pattern between £70/tCO2e and £90/tCO2e. - 28/03/2022
The Brent crude benchmark is pointing down from settlement, with the EU stepping back from plans for an embargo on Russian crude oil. - 28/03/2022
UK energy futures are trading in a neutral pattern this morning, though the conflict in Ukraine continues to offer support, limiting the downside. - 28/03/2022
Around 12.5 mcm of natural gas is planned for injection into storage today, with the UK gas system forecast to close oversupplied today. - 28/03/2022
US agreeing to send additional volumes of LNG to EU members is offering bearish signals to UK energy futures, on prospects of greater supplies. - 25/03/2022
Low levels of wind generation are forecast to persist over the weekend into Monday, offering bullish signals to prompt contracts this morning. - 25/03/2022
The spread between the UK and EU carbon benchmarks has eased this week, primarily due to a pullback in UK carbon. - 25/03/2022
The 595 MW Hartlepool 2 nuclear reactor went offline for a planned outage yesterday, adding bullish pressure to prompt contracts for the remainder of Mar-22. - 25/03/2022
The UK has 5 LNG cargoes confirmed for Apr-22 delivery, increasing prospects of continued strong LNG imports in Apr-22. - 25/03/2022
Low levels of wind generation into tomorrow, coupled with falling temperatures, are providing strong bullish pressure to prompt contracts. - 24/03/2022
Summer seasonal futures for UK baseload are pointing up from settlement, with support from the EU's final proposal on stock level requirements. - 24/03/2022
The benchmark UK and EU carbon contracts continue to trade in a volatile pattern, with demand destruction fears and greater coal-fired generation sending opposing signals. - 24/03/2022
The flow of crude oil from Russia to the black sea has been completely interrupted, adding bullish pressure to the Brent crude benchmark. - 24/03/2022
UK energy futures are receiving some bullish pressure this morning, with Russia not ruling out nuclear weapons in the Ukraine conflict and few signs of interest in a ceasefire. - 23/03/2022
The Brent crude benchmark is continuing its volatile trading pattern, moving to the upside this morning on decreased US crude stocks and continued tensions in Ukraine. - 23/03/2022
The benchmark UK carbon contract is pointing down from settlement, though rising power sector permit demand due to low wind generation may offset this downside. - 23/03/2022
Wind generation is forecast to remain low into tomorrow, adding strong bullish pressure to prompt contracts on expectations of higher non-renewable demand. - 23/03/2022
In a leaked document, the EU pushed back the target date for filling storage to Nov-22, rather than Oct-22. This may reduce bullish pressure from storage injection demand in S-22. - 23/03/2022
Wind generation is forecast to remain below the seasonal norm for the remainder of Mar-22, adding bullish pressure to prompt contracts this month. - 22/03/2022
Gazprom hasn't booked any transportation capacity through the Yamal-Europe pipeline for Apr-22, providing upside risk to the near curve on prospects of reduced supply. - 22/03/2022
The UK gas system is forecast to close long today, which could leave volumes to be injected into UK mid-range gas storage. - 22/03/2022
Seasonal UK baseload contracts are making gains this morning, in part spurred by the recovery in carbon markets. - 22/03/2022
The Brent crude benchmark is pointing down from settlement, with US crude oil inventories remaining stable and limiting demand. - 22/03/2022
Brent crude oil is climbing this morning as reports suggest that the EU is considering a Russian oil embargo. - 21/03/2022
Emissions markets are pointing downwards in early trading today, following another week of recovery for EU and UK carbon markets. - 21/03/2022
Prompt gas and power markets are seeing bearish price action this morning, with warmer temperatures and stronger wind power generation forecasts weighing. - 21/03/2022
UK energy futures are relatively flat in early trading today, following losses last week, as markets continue to assess supply risk. - 21/03/2022
Liquified Natural Gas imports to the UK remain strong deep into Q1, with at least five cargoes set to deliver by the end of Mar-22. - 21/03/2022
UK energy futures rebounded slightly yesterday, following an announcement by Russian officials that progress in peace talks with Ukraine is minimal. - 18/03/2022
Rising premiums for Liquefied Natural Gas (LNG) cargoes are rising in Asia, potentially seeing fewer cargoes directed Westward in Apr-22. - 18/03/2022
Forecasts of a sharp drop in wind generation over the weekend is adding bullish pressure to prompt UK energy contracts. - 18/03/2022
The Brent crude benchmark is trading up from settlement, supported by the same announcement about limited progress in RUS-UKR peace talks. - 18/03/2022
The benchmark UK and EU carbon contracts have recovered some of their losses this week, adding to upside risk on UK energy futures. - 18/03/2022
UK energy futures are trading predominantly sideways this morning, after prices pulled backed further yesterday on lessened supply risk. - 17/03/2022
The benchmark EU carbon contract made gains in yesterdays trading despite the Polish auction, reflective of positive sentiment around RUS-UKR talks. - 17/03/2022
The Brent crude benchmark is pointing up from settlement, with Western shunning of Russian cargoes adding bullish pressure to global markets. - 17/03/2022
Prompt contracts are receiving mixed signals from weather fundamentals, with decreasing wind generation bullish, and warmer temperatures bearish. - 17/03/2022
Mar-22 imported or confirmed volumes of LNG have breached those for Feb-22, with high prices in Europe continuing to see cargoes directed Westward. - 17/03/2022
The benchmark EU carbon contract is down from settlement, with a large auction in Poland contributing to the downside. - 16/03/2022
The 575 MW Heysham 1-2 nuclear reactor has gone offline for maintenance today, providing bullish pressure to prompt contracts through Mar-22. - 16/03/2022
Weather fundamentals are providing mixed signals to day-ahead contracts today, with falling temperatures and rising wind generation into tomorrow. - 16/03/2022
Seasonal UK baseload futures are pointing up from settlement, with the strong upside to commodity markets adding to costs associated with new generation capacity. - 16/03/2022
Near curve UK energy futures are trading sideways this morning, despite flows through the Yamal-Europe pipeline operating Eastward. - 16/03/2022
The prompt UK gas and baseload contracts are pointing up from settlement, with falling wind generation increasing demand for more costly non-renewable generation. - 15/03/2022
UK mid-range storage continues its depletion in Q1-22, though it remains above the four-year average, limiting supply security risk. - 15/03/2022
The UK benchmark UK carbon contract is making gains in morning trading, with the pullback in gas markets limiting price-induced demand destruction. - 15/03/2022
Mar-22 confirmed or delivered Liquefied Natural Gas (LNG) cargoes remain firm, though so-far remain below the same time last year. - 15/03/2022
UK energy futures are trading sideways this morning despite Eastward flows through Yamal-Europe, with continued gas flows on other pipelines limiting the bullish impact. - 15/03/2022
UK gas contracts return to bearish price action in early trading this morning, after Friday 11-Mar saw a slight rebound. - 14/03/2022
Warmer temperatures are forecast for the rest of the week, above seasonal norms, reducing heating demand and weighing on prompt prices. - 14/03/2022
Wind power generation levels are strong today, but are set to fall into tomorrow, a bullish signal for the day-ahead power contract. - 14/03/2022
Brent crude oil prices are softer this morning, dipping below the $110/barrel level, with Ukraine-Russia talks leading to some bearish pressure. - 14/03/2022
Carbon prices are pointing upwards today as UKA and EUA contracts continue their recovery. The benchmark UK carbon contract is set to test the £80/tonne level. - 14/03/2022
UK energy contracts are relatively flat in early trading this morning, following losses of around one third between Friday and Thursday settlement for near-curve and front season contracts. - 11/03/2022
Prompt gas and power prices could see some bullish pressure today, with weather fundamentals suggesting increased heating and gas-for-power demand early next week. - 11/03/2022
The latest long-range weather forecasts suggest that UK temperatures will remain close to, or above, seasonal norms through to the end of Mar-22. - 11/03/2022
Oil contracts continue to oscillate after contradictory reports from the UAE on OPEC's position. Brent is marginally higher in early trading today. - 11/03/2022
UK carbon contracts are pointing upwards in early trading as emissions markets look to continue their price rebound. - 11/03/2022
The day-ahead UK baseload contract is pointing sharply down this morning, with rising wind generation into tomorrow limiting non-renewable demand. - 10/03/2022
UK energy futures pulled backed sharply during yesterday's trading, though they are trading predominantly sideways from settlement this morning. - 10/03/2022
The benchmark EU carbon contract has retraced some of yesterday's gains, with signs of demand destruction in the face of soaring gas prices limiting permit demand. - 10/03/2022
The Brent crude benchmark is bullish this morning, with the announcement by the UAE that they will not raise oil output without other OPEC members. - 10/03/2022
The UK gas system is forecast to close oversupplied today, though rising gas demand due to falling temperatures if offsetting any bearish pressure. - 10/03/2022
UK near curve gas futures have followed a bullish trend this morning, despite sanctions on Russian natural gas by Europe being unlikely for the time being. - 09/03/2022
The 480 MW Hinkley Point B-7 nuclear reactor has returned to service early, offering downside to prompt UK energy contracts. - 09/03/2022
The benchmark EU carbon contract made strong gains in yesterday's trading, though it is still trading at a discount to the UK equivalent. - 09/03/2022
The Brent crude benchmark is trading sideways this morning despite US sanctions, with the US accounting for a relatively small fraction of Russia crude exports. - 09/03/2022
The UK's LNG import schedule remains firm for Mar-22, with 11 cargoes confirmed or delivered to date. This limits the upside from the conflict in Ukraine. - 09/03/2022
The Brent crude benchmark is pointing up from settlement, with the US considering acting alone to place an embargo on Russian crude oil and oil products. - 08/03/2022
The benchmark EU carbon contract is making gains this morning, though it still remains far below all-time highs set in 2022. - 08/03/2022
Near curve UK energy futures are bullish this morning, following a threat from the Russian deputy Prime Minister to shut flows through the Nord Stream 1 pipeline. - 08/03/2022
Despite forecasts of falling wind generation into tomorrow, the prompt UK baseload contract is pointing down as warmer temperatures reduce power-for-heating demand. - 08/03/2022
The Winter-22 UK baseload contract is pointing up this morning, with rising demand for LNG in Asia likely to limit the EU's ability to fill gas storage ahead of Winter. - 08/03/2022
UK gas contracts surge in early trading this morning, with near curve and front season contracts breaching the 600 p/therm level on supply concerns. - 07/03/2022
The Hinkley Point B-7 nuclear asset is offline after an unplanned outage, expected to return 12-Mar. The restart date for Heysham 1-1 has been pushed back to 16-Mar. - 07/03/2022
Stronger wind power generation levels into tomorrow are doing little to weigh down bullish prompt contracts. - 07/03/2022
Brent crude oil is climbing sharply today, as the United States, as well as Japan and Europe, consider an embargo on Russian oil imports. - 07/03/2022
UK and EU carbon contracts continue to slide, with demand destruction fears and a speculator sell off continuing to weigh. - 07/03/2022
After softening slightly yesterday, UK energy contracts have started trading today with bullish intent and are set to post significant week-on-week gains. - 04/03/2022
Cooler temperatures and softer wind power generation levels over the weekend are adding to the bullish pressure on prompt energy contracts this morning. - 04/03/2022
The return of the Heysham 1-1 nuclear reactor from a planned outage has been delayed, with the asset now due to come back online on 05-Mar. - 04/03/2022
Brent crude oil slipped back from a 14-year high of near $120/barrel yesterday on optimism that Iranian supply could return to the market relatively quickly once a deal is reached. - 04/03/2022
Emissions markets are relatively flat in early morning trading, after continuing their bearish slide yesterday. The UK benchmark carbon contract has fallen by more than 10% this week. - 04/03/2022
UK energy futures are trading predominantly sideways this morning after making strong gains yesterday, though upside risk stemming from the conflict in Ukraine persists. - 03/03/2022
The Brent crude benchmark has continued its upwards march today, testing the $120/bbl level in morning trading as businesses diversify away from Russian crude. - 03/03/2022
The benchmark EU emissions contract is bearish this morning, driven by minimal buying interest and large sell offs from financial players. - 03/03/2022
The benchmark coal futures contract made gains during yesterdays trading, with talks of extending the German coal exit providing bullish pressure. - 03/03/2022
The 480 MW Hinkley Point B nuclear reactor has returned to service, though any downside to prompt contracts has been offset by below normal wind and temperatures. - 03/03/2022
Forecasts of a sharp drop in wind generation are providing bullish signals to prompt contracts, with both day-ahead gas and power pointing strongly up from settlement. - 02/03/2022
Emissions markets have pulled back strongly in WC 28-Feb, with strong fears of industrial demand destruction from soaring energy prices leading to large sell offs. - 02/03/2022
The Brent crude benchmark has continue its bullish trend into today, supported by the stronger sanctions packages on Russia. - 02/03/2022
Coal prices have surged since the announcement of stronger sanctions on Russia by the West, with greater coal-fired generation likely to be called on should Russian gas flows drop. - 02/03/2022
The 575 MW Heysham 1-1 and 480 MW Hinkley Point B-8 are due to come back online today, offering some downside potential to prompt contracts this week. - 02/03/2022
The 595 MW Torness 2 nuclear reactor has returned to service, offering some bearish signals for prompt contracts this week. - 01/03/2022
Near curve UK gas contracts and the Brent crude benchmark are pointing up from settlement, as the idea of sanctioning Russian hydrocarbons gains more traction. - 01/03/2022
Seasonal UK gas contracts are strong bullish this morning, with large energy majors exiting Russia in the wake of US sanctions and Nord Stream 2 suspended indefinitely. - 01/03/2022
Baseload futures are trading predominantly sideways this morning, with the sharp pull back in carbon markets yesterday offsetting the upside from UK gas. - 01/03/2022
The UK's LNG import schedule for Mar-22 is indicating another month of strong imports, with 8 cargoes confirmed or delivered already. - 01/03/2022
The 480 MW Hinkley Point B-8 nuclear reactor remains offline despite being due to return this weekend, though upside is limited by the expected return of the 595 MW Torness 2 reactor today. - 28/02/2022
Emissions markets are pointing strongly down from settlement this morning, despite the upwards direction of gas markets. - 28/02/2022
Near curve UK gas futures are pointing up from settlement, with Russian sanctions having the potential to impact supplies of gas into Europe. - 28/02/2022
The Brent crude benchmark continues to receive support from the conflict in Ukraine, rising above $100/bbl this morning. - 28/02/2022
Weather fundamentals are offering bullish signals to prompt contracts, with falling temperatures and wind generation into tomorrow. - 28/02/2022
UK energy futures are trading predominantly sideways this morning, remaining supported close to or above yesterday's highs. - 25/02/2022
The Brent crude benchmark has been trading above $100/bbl for most of the morning, supported by the potential disruption to Russian supply. - 25/02/2022
Emissions markets are bullish this morning, after losing much of their value yesterday on concerns of demand destruction from high gas prices. - 25/02/2022
Above normal wind generation and the return of the 480 MW Hinkley Point B-7 nuclear reactor are offering bearish signals to prompt contracts. - 25/02/2022
The restart date of the 595 MW Torness 2 nuclear reactor has been brought forward to 28-Feb, providing some downside potential to front-month energy contracts. - 25/02/2022
Near curve UK energy futures are pointing up from settlement, with the Russian invasion of Ukraine providing strong upside risk. - 24/02/2022
Seasonal UK energy contracts have exhibited strong bullish behaviour this morning, with Nord Stream 2 certification increasingly unlikely. - 24/02/2022
The Brent crude benchmark is testing $100/bbl this morning, as the Russian invasion of Ukraine is likely to lead to restricted crude supplies. - 24/02/2022
Emissions markets are neutral-bearish, with the release of free permits offsetting upside from tensions between Russia and Ukraine. - 24/02/2022
Prompt UK energy contracts are bullish this morning, with support from weather fundamentals and the Russia-Ukraine conflict - 24/02/2022
The Brent crude benchmark traded close to $100/bbl at points yesterday before retracing those gains, though morning trading is indicative of further upside today. - 23/02/2022
Emissions market are trading neutral-bearish from settlement this morning, with low trading volumes and margins suggesting uncertainty in the market from Russia-Ukraine tensions. - 23/02/2022
2022 UK energy futures are overall bullish this morning, with escalating tensions between Russia and Ukraine raising the associated risk premium. - 23/02/2022
Seasonal UK energy futures are bullish this morning, with the suspension of the Nord Stream 2 pipeline reducing expected supply in the long-term. - 23/02/2022
The UK gas system is forecast to close oversupplied today, though any downside has been offset by falling temperatures and Russia-Ukraine tensions. - 23/02/2022
Near curve and seasonal UK energy contracts are bullish this morning, with concerns of a Russian invasion of Ukraine at their highest. - 22/02/2022
The Brent crude benchmark is pointing strongly up from settlement as US and EU nations consider sanctions on Russia, restricting Russian crude exports. - 22/02/2022
Falling temperatures into tomorrow are offering bullish pressure to day-ahead contracts, with heating demand elevated. - 22/02/2022
The benchmark UK and EU carbon contracts are trading sideways this morning, though the upside to UK and European gas offers bullish signals. - 22/02/2022
Imports of Liquefied Natural Gas (LNG) to the UK set to remain firm for the remainder of Feb-22 into Mar-22, offering a cap to the upside from Russia-Ukraine tensions. - 22/02/2022
Unplanned outages at the 480 MW Hinkley Point B-7 and B-8 nuclear reactors are providing upside to the prompt UK baseload contract, with costly non-renewable demand elevated. - 21/02/2022
Coupling of UK and EU emissions markets price action has loosened, with the premium for the benchmark contract in the UK scheme close to £14/MWh. - 21/02/2022
The Brent crude benchmark is trading sideways this morning, with some pullback from last weeks highs as US-Iran talks continue despite potential impasse. - 21/02/2022
The restart date of the 575 MW Heysham 1-1 nuclear reactor has been brought forward, offering some bearish signals to the Mar-22 contract on prospects of greater supply. - 21/02/2022
UK energy futures are trading primarily neutral-bullish to last settlement, with sentiment for gas market tightness remaining despite US and Russia agreeing to summit. - 21/02/2022
UK gas futures have opened with mixed direction today, following a week market by turbulence driven by geopolitical turmoil surrounding Russia - 18/02/2022
Between Friday and Thursday settlement UK energy futures have seen net bearish direction, on mixed signals surrounding the Russia-Ukraine crisis - 18/02/2022
Both UK and EU carbon futures benchmarks have opened up on last settlement today, with EU emissions permits recouping some of this weeks net losses - 18/02/2022
Marking a turbulence period for the energy complex, the Brent crude benchmark is trading in a bearish manner today, below the $92/bbl level - 18/02/2022
Revisions to 45d weather forecasts provide support to front month UK energy assessments, with downward temperature revisions for Mar-22 seen overnight - 18/02/2022
After mixed price action yesterday, UK energy futures have started the 17-Feb trading session on a bullish footing, as regional geopolitical tensions weigh - 17/02/2022
Despite gains in power and gas markets, UK and EU carbon futures benchmarks are trading neutral-bearish versus settlement in early trading today - 17/02/2022
Scepticism over Russia's announcement that it is pulling back some military forces from the Ukrainian border is spurring market volatility through WC 14-Feb - 17/02/2022
Rising non-renewable power demand into tomorrow is providing upside pressure to prompt UK energy contracts today, as weather fundamentals soften - 17/02/2022
National Grid is forecasting the UK gas system to close 13 mcm oversupplied today, offering a cap to otherwise bullish signals for prompt gas contracts today - 17/02/2022
UK gas futures are trading in a turbulent manner this week, following Russia's announcement that they are pulling back some forces from near the Ukrainian border - 16/02/2022
NATO has expressed 'cautious optimism' over easing Russia-Ukraine tensions, though Western powers remain cautious over prospects for imminent conflict - 16/02/2022
Prompt UK gas and power contracts are trading in a bearish manner today, with forecasts for firming wind and nuclear generation limiting non-renewable demand - 16/02/2022
Carbon markets have been exposed to downside through this week as 2022 gas fundamentals have loosened, with Dec-22 EU carbon currently below £90/tCO2e - 16/02/2022
Crude oil markets have observed a period of mixed price action this week, with bearish European signals offset by tight 2022 supply-demand fundamentals - 16/02/2022
UK energy futures are being pressured lower in early morning trading, as Russia announces that it is withdrawing some military presence from Ukrainian borders. - 15/02/2022
Energy complex valuation remains supported despite easing geopolitical tensions, with Western nations waiting to see the magnitude of Russian military pullback. - 15/02/2022
Following losses seen in 14-Feb trading, both UK and EU emissions markets are trading sideward to settlement today, with Dec-22 UK carbon around £84/tCO2e - 15/02/2022
Revisions to 45d weather forecasts provide bullish signals to near-curve UK energy futures, with colder temperatures now forecast into the Mar-22 period - 15/02/2022
Day-ahead UK power and gas contracts are pointing down on settlement today, with firming weather fundamentals and greater nuclear generation capacity directing. - 15/02/2022
After net losses for the last trading week, UK gas futures have opened strongly up on settlement today, as geopolitical tensions surrounding Russia remain - 14/02/2022
In contrast to gas futures, both EU and UK emissions benchmarks are trading neutral-bearish on settlement, with the Dec-22 UK contract around £83/tCO2e - 14/02/2022
UK nuclear generation capacity is currently seeing short term disruption, following the unplanned outage at the 660 MW Heysham 2-7 reactor over the weekend - 14/02/2022
Both UK gas and power day-ahead assessments are pointing up from settlement today, as limited regional nuclear capacity adds to gas-for-power demand - 14/02/2022
National Grid are forecasting the UK gas system to close 25.4 mcm oversupplied today, offsetting some upside pressure to prompt UK gas contracts - 14/02/2022
Weather fundamentals are offering bearish signals to prompt contracts into next week, with windier and warmer weather likely to reduce energy demand. - 11/02/2022
Imports of Liquefied Natural Gas into the UK remain firm in Feb-22, with 19 cargoes delivered or confirmed. This reduces the supply security risk associated with Russia-Ukraine tensions. - 11/02/2022
The recent bull run for emissions markets has stalled this week, in-part fuelled by profit taking by speculative players. However, upside risk does still remain. - 11/02/2022
UK mid-range storage currently sits above the three-year normal. This offers greater security of supply to the UK, though this is limited by the low capacity of UK storage. - 11/02/2022
Summer-22 contracts are pointing up from settlement, with uncertainty around gas supplies providing bullish pressure due to expectations of strong gas storage injection demand. - 11/02/2022
The benchmark UK and EU emissions contracts are pointing up this morning, after retracing some of their recent gains in yesterday's trading. - 10/02/2022
Falling temperatures and wind generation into tomorrow are offering some bullish direction to the prompt UK baseload contract, with household heating and gas-for-power demand elevated. - 10/02/2022
The 595 MW Torness 2 nuclear reactor was taken offline yesterday for planned maintenance; this offers bullish signals to prompt UK energy contracts in Feb-22. - 10/02/2022
Crude markets are receiving mixed but overall neutral-bullish signals, with Russia-Ukraine tensions, so-far positive Iranian nuclear talks and low stocks in the US offering direction. - 10/02/2022
Seasonal UK gas contracts are bullish this morning, with Russia-Ukraine tensions bringing the Nord Stream 2 pipeline completion into question. - 10/02/2022
The day-ahead UK gas contract is pointing up from settlement, with forecasts of falling temperatures offering support as heating-demand rises. - 09/02/2022
The benchmark UK and EU carbon contracts are neutral-bullish this morning, remaining supported close to all-time highs. - 09/02/2022
UK gas futures are trading in a neutral-bearish pattern this morning as Europe continues to secure non-Russian gas supplies; for if sanctions are imposed on Russia. - 09/02/2022
UK wind generation is forecast to remain strong into tomorrow, offering some bearish direction to the prompt UK baseload contract. - 09/02/2022
The Brent crude benchmark remains supported above $90/bbl, though the recent bullish trend appears to have halted on the back of positive Iran-US nuclear talks. - 09/02/2022
UK gas and baseload power futures are being pressured higher, as regional emissions markets surpass all-time highs in early morning trading today. - 08/02/2022
Falling wind power generation and colder temperatures into tomorrow are providing bullish signals to both UK gas and power day-ahead assessments. - 08/02/2022
Revisions to 45d weather forecasts offer bearish signals to prompt UK contracts later this month, with mild temperatures expected deep into Feb-22. - 08/02/2022
Having hit fresh 7-year highs in trading yesterday, the Brent crude benchmark trades down on settlement today on prospects of firming Iranian oil supply. - 08/02/2022
Russia-Ukraine tensions continue to add risk premium to energy futures, with US President Biden noting Nord Stream 2 will be stopped in the event of conflict. - 08/02/2022
The EU benchmark carbon contract has retreated from Friday's all-time high, though remains supported close to €95/tC02e - 07/02/2022
The Brent crude benchmark is pointing down from settlement this morning, with prospects of a positive end to US-Iran talks providing bearish pressure. - 07/02/2022
Spot weather fundamentals are providing bearish signals to day-ahead contracts, with warmer and windier weather reducing non-renewable and heating demand. - 07/02/2022
The restart date of the 575 MW Heysham 1-1 nuclear reactor offers bullish signals to spot contracts through Feb-22, with it now due to come online in Mar-22 instead of Feb-22. - 07/02/2022
Near-curve UK baseload contracts are bearish this morning, with the downside in emissions markets weighing. - 07/02/2022
Ongoing geopolitical tensions surrounding the Ukraine continue to offer support to near-curve and seasonal UK energy futures, with supply uncertainty heightened. - 04/02/2022
Emissions market continue to make gains, with the benchmark UK and EU contracts up from settlement. This is bullish to UK energy futures. - 04/02/2022
The Brent crude benchmark has started the days trading with bullish intent, climbing to over $92/bbl on the back of high demand and potential supply disruption due to Russia-Ukraine tensions. - 04/02/2022
Weather fundamentals are providing mixed direction, with falling wind generation bullish for day-ahead contracts, and rising temperatures bearish. - 04/02/2022
The 595 MW Torness 1 nuclear reactor has come back online today, ahead of schedule. This may provide some bearish signals to prompt contracts into next week - 04/02/2022
Having hit all-time highs in trading yesterday, the EU carbon futures benchmark is trading sideward to settlement today around the €94/tCO2e level - 03/02/2022
Cooler temperatures into tomorrow are providing support to spot UK energy contracts today, though firming wind power offsets some upside risk - 03/02/2022
Following gains through yesterday, 2022+ UK gas futures have started the day on a bullish footing as concerns over tight market fundamentals weigh - 03/02/2022
The Bank of England is today expected to announce a base rate interest rate, to try and put brakes on inflationary pressures seen in the past year - 03/02/2022
The UK government is expected to announce measures to limit consumer energy price exposure today, whilst Ofgem is set to announce a new price cap at 1100 - 03/02/2022
Day-ahead UK gas and power assessments are trading higher than settlement in early morning trading, with tighter European gas supply signals supportive. - 02/02/2022
Both UK and EU emissions futures contracts point strongly up from settlement today, with Dec-22 contracts rising on bullish European gas market fundamentals - 02/02/2022
After strong bearish price action in 01-Feb trading, UK energy futures are trading in a bullish manner, with returning limitations to Yamal-Europe pipeline flows steering. - 02/02/2022
The Brent crude benchmark continues to hold around the $90/bbl level today, after gapping down between Monday and Tuesday on likely profit taking. - 02/02/2022
UK Liquefied Natural Gas imports are holding firm into Feb-22, with 9 cargos totalling 973 mcm of regas volume confirmed by port authorities for delivery by 13-Feb. - 02/02/2022
The Heysham 1-1 nuclear reactor has been taken offline for planned maintenance this week, with 575 MW of baseload capacity now out of action until 26-Feb. - 01/02/2022
Revisions to 45d weather forecasts offers little direction to the front month contract (Mar-22), with temperatures forecast around seasonal norms deep in Q1-22. - 01/02/2022
Near-curve UK energy futures continue to track lower early this week, with the 2022 gas contact exposed to downside on firm LNG supply fundamentals in Winter-21. - 01/02/2022
National Grid is forecasting the UK gas system to close 17.6 mcm oversupplied today, providing bearish signals to UK gas contracts as demand eases. - 01/02/2022
Having breached the $90/bbl level in late Jan-22 trading, the Brent crude benchmark has this week seen bearish price action as a pause to recent gains. - 01/02/2022
The 595 MW Hartlepool 1 nuclear reactor has come back online over the weekend, offering greater baseload power capacity to the UK in WC 31-Jan. - 31/01/2022
UK LNG imports have hit record levels this month, with an aggregate import volume of around 3.55 bcm seen through Jan-22 on firm European gas prices. - 31/01/2022
A combination of lesser Local Distribution Zone and gas-for-power demand offers bearish signals to spot UK gas contracts as we start the trading week. - 31/01/2022
Near-curve UK energy futures are pointing down on settlement early this week, with the Feb-22 UK gas futures contract pulling back on its final day of trading today. - 31/01/2022
UK emissions markets provide support to an otherwise bearish futures market today, with the Dec-22 contract rising above £83/tCO2e in early morning trading. - 31/01/2022
The 595 MW Hartlepool 1 nuclear asset remains offline deep in Jan-22, with the outage now expected to finish today having been extended through this week. - 28/01/2022
UK carbon is currently trading up on settlement, providing bullish signals to gas and power futures following strong gains through WC 24-Jan. - 28/01/2022
Having breached the $90/bbl level in intraday trading through the week, the Brent crude benchmark is holding below this level in an apparent market pause. - 28/01/2022
Revisions to 45d weather forecasts offer a neutral signal to near-curve UK energy futures today, with little change to previous forecasts seen overnight. - 28/01/2022
UK energy futures continue to extend gains made through this week in early morning trading, with 2022 futures having seen considerable gains in WC 24-Jan. - 28/01/2022
Lower wind power generation and colder temperatures into tomorrow provides bullish direction to day-ahead UK power today, on growing non-renewable demand. - 27/01/2022
Having settled convincingly above the £81/tCO2e level yesterday, the benchmark UK carbon contract continues to make gains in early morning trading today. - 27/01/2022
UK energy futures have continued to make gains as we move deep into WC 24-Jan, with 2022 futures supported by ongoing concerns around European gas supply. - 27/01/2022
After extensions to its ongoing outage, the 595 MW Hartlepool 1 nuclear reactor is scheduled to come back online from today, limiting upside risk to spot UK energy. - 27/01/2022
Having breached the $90/bbl level in intraday trading yesterday, the Brent crude benchmark is trading in a neutral-bearish manner today as market bulls calm. - 27/01/2022
Stronger wind power generation forecast for tomorrow is providing bearish signals to day-ahead UK energy assessments, on reduced non-renewable power demand. - 26/01/2022
The 595 MW Hartlepool 1 nuclear asset is scheduled to come back online today, providing downside pressure to spot contracts for the remainder of the week. - 26/01/2022
Both UK and EU emissions markets are pointing up from settlement today, with Dec-22 UK carbon permit valuation surpassing the £80/tCO2e level early this morning. - 26/01/2022
Crude oil markets continue to trade in a bullish manner this week, with the Brent crude benchmark testing the $89/bbl level as inflationary concerns stokes support. - 26/01/2022
UK gas futures have opened today with mixed direction, with 2022 futures trading lower than settlement whilst further along the curve (2023+) support remains. - 26/01/2022
Rising wind power generation into tomorrow is sending a bearish signal to the day-ahead power contract today, which points strongly down from settlement. - 25/01/2022
Revisions to 45d UK temperature forecasts provide downside pressure to front month UK energy futures, with consumption demand limited by mild weather. - 25/01/2022
After a pullback in valuation yesterday from the $88/bbl level, the Brent crude benchmark is trading in a bullish manner early today, above the $87/bbl handle. - 25/01/2022
2022 European energy futures continue to see upside pressure today, with concerns around Russian gas supply amid geopolitical tensions directing upside risk. - 25/01/2022
The expected outage completion date at the 595 MW Hartlepool 1 nuclear asset has been pushed back a day, with the asset now scheduled to return from tomorrow. - 25/01/2022
2022 European energy futures are being pressured upward early this week, as Eastward flows through the Yamal-Europe line intensify late in Jan-22. - 24/01/2022
European emissions markets are trading in a bullish manner today, with the Dec-22 EUA contract likely up on worsening regional fuel switching dynamics. - 24/01/2022
Following a pause in bullish direction late last week, the Brent crude benchmark is trading above the $88/bbl level, representing a value near 7-year highs. - 24/01/2022
Spot UK gas contracts are pointing up from settlement today, as firming gas demand couples to bullish European supply signals from limited Russian exports. - 24/01/2022
In contrast to spot gas, the day-ahead UK baseload contract is softening today, on the expected return of the 595 MW Hartlepool 1 nuclear asset tomorrow. - 24/01/2022
The day-ahead UK power assessment points strongly up from settlement today, as bullish weather fundamentals for Monday steer price action. - 21/01/2022
After rising to 7-year highs through this week, the Brent crude benchmark is moving lower today, falling below the $87/bbl level in early trading - 21/01/2022
Having seen net losses between Friday and Thursday settlement, 2022 UK energy futures are moving higher in early morning trading today. - 21/01/2022
Emissions markets are trading in a roughly neutral-bearish manner this morning, following gains for both UK and EU carbon futures benchmarks yesterday. - 21/01/2022
The UK currently has 8 cargos of Liquefied Natural Gas confirmed by port authorities, with the aggregate 881 mcm of regas volume expected by 03-Feb. - 21/01/2022
After hitting 7-year highs and closing well above the $88/bbl level yesterday, the Brent crude benchmark is valued lower than settlement in early morning trading. - 20/01/2022
An influx of Liquefied Natural Gas supply continues to provide downside to 2022 UK energy futures this week, as global sellers continue to be incentivised to Europe. - 20/01/2022
Day-ahead assessments for UK baseload power and gas point in different directions today, with bullish weather fundamentals offset by strong spot market gas supply. - 20/01/2022
After a net neutral trading session yesterday, the benchmark UK carbon futures contract is trading in a bullish manner today, in contrast to the EU emissions benchmark. - 20/01/2022
Strong gas storage withdrawals have been seen in the UK in Jan-22, as colder weather has adds demand. Levels remain around seasonal norms - a neutral signal to futures. - 20/01/2022
Increasing power-for-heating demand and limited wind power generation into tomorrow is providing upside pressure to the day-ahead UK baseload contract today. - 19/01/2022
In contrast to the equivalent power assessment, spot UK gas contracts are pointing down on settlement today, as firming Norwegian exports offset increased demand. - 19/01/2022
The UK carbon benchmark is pointing up from settlement today, with upside pressure likely coming in the wake of the UK ETS Authorities inaction after a Q4-21 CCM trigger breach. - 19/01/2022
Crude oil markets continue to move higher through early 2022, with the Brent crude benchmark surpassing $88/bbl today as global demand growth continues early this decade. - 19/01/2022
Near-curve UK energy contracts are being pressured lower today, continuing the mid-Winter trend of cooling (bearish) futures markets after the surge in valuation seen through 2021. - 19/01/2022
Forecasts of rising wind generation into tomorrow are offering bearish signals to the prompt UK energy contracts, which are pointing down this morning. - 18/01/2022
Near-curve UK baseload futures are bullish this morning, with the tightness in French nuclear supplies exacerbating already high gas- and coal-fired premiums. - 18/01/2022
The Brent crude benchmark looks set to continue its bullish trajectory today, with escalating tensions between the Yemeni Houthi's and neighbours e.g., Saudi Arabia and UAE. - 18/01/2022
UK seasonal energy contracts are bullish this morning, driven by expectations of continued tightness in energy supplies in coming years. - 18/01/2022
The benchmark UK and EU carbon contracts have followed a neutral-bearish direction this week, offering limited direction to UK energy markets. - 18/01/2022
The 615 MW Heysham 2-8 nuclear reactor has been taken offline today for planned maintenance, adding to non-renewable power demand until 17-Feb. - 17/01/2022
UK emissions futures are pointing strongly up this morning, providing upside pressure to UK energy futures after a recent pullback in carbon value. - 17/01/2022
In contrast to equivalent UK carbon futures, EU emissions are pointing down from settlement today, with the Dec-22 contract moving below €81/tCO2e. - 17/01/2022
After concerted gains in the past few months, the Brent crude benchmark currently sits around $86/bbl, holding firm despite firming supply fundamentals. - 17/01/2022
Near-curve UK energy futures are pointing in mixed direction today, with UK power up from settlement whilst Feb-22 gas trades in a bearish manner near 200 p/th. - 17/01/2022
After an overall bearish week, the benchmark UK and EU emissions contracts are pointing up from settlement; this offers upside to UK energy futures. - 14/01/2022
A rise in wind generation and temperatures over the weekend is offering some strong bearish pressure to the prompt UK baseload contract. - 14/01/2022
An unplanned outage at the Norwegian Troll field (until 17-Jan) has caused a corresponding drop in Norwegian gas flows to Europe, pressuring near-curve UK energy futures higher. - 14/01/2022
The day-ahead UK gas contract is pointing up this morning, with falling temperatures doing little to limit the upside from the outage at the Troll gas fields in Norway. - 14/01/2022
The Brent crude benchmark remains supported above $85/bbl this morning, continuing to support the idea of limited demand destruction due to the Omicron variant. - 14/01/2022
The day-ahead UK baseload contract is pointing strongly up from settlement, with wind generation forecast to drop sharply into tomorrow, increasing non-renewable demand. - 13/01/2022
Indonesia has released 37 coal cargoes today, offering downside to Asian energy markets, and by extension to global LNG markets. - 13/01/2022
Near-curve UK gas futures are bullish this morning, with continued draws from European storage raising supply security risk in the coming months. - 13/01/2022
Emissions markets are trading sideways this morning, though have been net bearish this week, with easing prices in gas markets reducing coal-for-power demand. - 13/01/2022
National Grid is forecasting the UK gas system to close short today, though the impact on day-ahead markets has been minimal, with strong UK mid-range and LNG storage. - 13/01/2022
The day-ahead UK gas contract is pointing up from settlement, with falling temperatures and wind generation raising Local Distribution Zone and gas-for-power demand. - 12/01/2022
Near-curve and 2022 seasonal UK energy futures are pointing up this morning, with European storage draws continuing into today, reducing the regions supply security. - 12/01/2022
The Brent crude benchmark is neutral-bullish this morning, though it remains supported above $84/bbl after making gains in yesterday's trading. - 12/01/2022
The benchmark EU and UK carbon contracts are neutral-bullish this morning, with tightening gas supplies from continued European storage draws supportive. - 12/01/2022
The UK's Liquefied Natural Gas (LNG) import schedule for Jan-21 remains firm, with 7 cargoes confirmed by Port Authorities. May limit the upside from tight Russian gas supplies. - 12/01/2022
The benchmark UK and EU carbon contracts have opened the day with bullish intent, offering upside to UK energy futures. - 11/01/2022
Day-ahead contract are bearish this morning despite falling temperatures, with UK storage close to 100% of capacity and National Grid forecasting the system to close oversupplied. - 11/01/2022
Variable Russian flows continue to provide upside risk, with the Yamal-Europe pipeline operating in reverse (taking gas from Germany to Poland) for the 22nd consecutive day. - 11/01/2022
The planned outage at the 575 MW Heysham 1-1 nuclear reactor from 31-Jan has been extended, offering a bullish signal to Feb-22 energy contracts. - 11/01/2022
The Brent crude benchmark is bullish this morning, despite several OPEC members cutting their official selling prices for crude. - 11/01/2022
Weather fundamentals are offering mixed signals to day-ahead contracts; below normal wind generation is bullish, whilst rising temperatures are bearish. - 10/01/2022
Feb-22 and Mar-22 futures are pointing down this morning, with healthy supplies of LNG limiting upside from tight gas supplies in the UK and the Continent. - 10/01/2022
UK and EU emissions markets are pointing down from settlement. Though the impact on UK energy futures has been minimal this morning, this provides a bearish signal. - 10/01/2022
The Brent crude benchmark continues to trade sideways; a signal that Omicron variant fears are limited despite rising cases in some countries e.g., USA . - 10/01/2022
The UK has received 3 LNG imports this weekend (Friday-Sunday), with a strong import schedule for the remainder of Jan-22. This offers downside potential to near-curve UK gas futures. - 10/01/2022
The day-ahead assessments for UK gas and power both point up from settlement today, as lower wind power generation next week adds gas-for-power demand. - 07/01/2022
Crude oil markets continue their net bullish trajectory for the past month today, with the Brent crude benchmark rising to near $83/bbl in early morning trading. - 07/01/2022
Revisions to 45d weather forecasts offer limited direction to front month UK energy futures today, with temperatures expected to remain near norms into Feb-22 - 07/01/2022
Early morning price action for UK gas futures is signalling downside potential, despite another day of flows through the Yamal-Europe pipeline directing volume Eastward. - 07/01/2022
Emissions markets are providing limited direction to UK energy futures today, with UK and EU carbon benchmarks seeing neutral-bullish direction in early morning trading. - 07/01/2022
2022 UK energy futures continue to be pressured higher in early year trading, as concerns around Continental gas supply from Russia provides direction. - 06/01/2022
UK carbon markets continue to make gains this week, with the Dec-22 benchmark futures contract surpassing the £77.50/tCO2e level early this morning. - 06/01/2022
Day-ahead assessments for UK gas and power are pointing upward today, as lower nuclear generation and limited European gas supply adds support. - 06/01/2022
Having made steady gains into 2022, the Brent crude benchmark is currently trading above $80/bbl, well above Q4-21 settlement price lows of $69.72/bbl. - 06/01/2022
National Grid is forecasting the UK gas system to close 7.6 mcm oversupplied today, offsetting some of the upside pressure seen for prompt gas contracts. - 06/01/2022
Following strong upward moves yesterday, UK energy futures continued to be recover festive period losses today as gas supply concerns persist. - 05/01/2022
Both UK and EU emissions market benchmarks are trading higher than settlement today, with EU carbon continuing on a two week bullish trend. - 05/01/2022
Day-ahead assessments for both UK power and gas are trading in a bullish manner today, as colder temperatures elevated consumption demand. - 05/01/2022
After settling at $80/bbl yesterday, the Brent crude benchmark is trading neutral-bearish to settlement today, pausing from the recent bullish trend. - 05/01/2022
UK nuclear generation remains firm today, though the 595 MW Torness 1 nuclear reactor is scheduled to go offline today for planned maintenance. - 05/01/2022
UK energy futures have seen a considerable bearish pullback over the festive period. Prices remain elevated versus historical levels given 2022 gas supply concerns. - 04/01/2022
2022 UK gas and power futures have opened with bullish intent, with upside coming from Continental gas supply dynamics and bullish emissions markets today. - 04/01/2022
The Jan-22 Cost Containment Mechanism has been breached for UK carbon, opening prospects for market intervention by the Emissions Trading Scheme Authority. - 04/01/2022
Prompt UK gas contracts point strongly upward from settlement today, with weak weather fundamentals and firming I&C demand providing support. - 04/01/2022
Imports of Liquefied Natural Gas to the UK remains firm into 2022, with 903 mcm of regas volume confirmed by port authorities for delivery by 21-Jan. - 04/01/2022
Near-curve UK baseload contracts have seen some pullback this morning, with high prices likely incentivising profit taking from speculative market participants. - 23/12/2021
Wind generation is forecast to continue rising into tomorrow, offering a bearish signal to prompt UK energy contracts. - 23/12/2021
The benchmark UK carbon contract is pointing up this morning, offering support to UK energy futures; particularly UK baseload futures. - 23/12/2021
The front-month gas contract is bearish this morning, with a strong LNG import schedule for the UK and Europe limiting supply security risk in early Jan-22. - 23/12/2021
The Brent crude benchmark has followed a neutral pattern this week, indicating that Covid-19 led demand destruction has been limited. - 23/12/2021
Prompt contracts are bearish this morning, with rising temperatures and wind generation into tomorrow reducing gas-for-power, power-for-heating and LDZ demand. - 22/12/2021
Near-curve UK energy contracts have followed a volatile trading pattern this morning, though prices remain supported close to or at all-time highs. - 22/12/2021
The benchmark EU carbon contract is pointing down from settlement, with high prices incentivising profit taking from speculative players. - 22/12/2021
Seasonal UK baseload contracts are pointing strongly up this morning, reflecting the signs of potential system tightness in coming years. - 22/12/2021
UK nuclear availability sits at 93%, reducing demand for more costly renewables and offering bearish signals to prompt and front-month energy contracts. - 22/12/2021
The day-ahead UK baseload contract is pointing down from settlement, with rising wind generation into tomorrow reducing more costly non-renewable demand. - 21/12/2021
Near-curve UK energy futures are receiving support from tightening gas supplies in Europe, with Russian Yamal flows being directed Eastward (away from Germany). - 21/12/2021
The prompt UK gas contract is bullish this morning, with falling temperatures into tomorrow and upside to European gas markets weighing. - 21/12/2021
The 615 MW Heysham 2-7 nuclear reactor is due to come back online today, providing a bearish signal to prompt contracts through Dec-21. - 21/12/2021
The benchmark EU and UK carbon contracts are pointing up this morning, with fuel-switching dynamics supportive. This offers upside risk to UK energy futures. - 21/12/2021
Despite wind generation remaining suppressed into tomorrow, and temperatures falling, the prompt UK baseload is seeing some pullback from Friday's highs. - 20/12/2021
The benchmark UK and EU carbon contracts are bullish this morning, providing upside risk to UK gas and power futures. - 20/12/2021
The 480 MW Hinkley Point B-8 nuclear reactor remains offline, despite being planned to return to service on 18-Dec. Offers a bullish signal to prompt contracts. - 20/12/2021
Russian gas flows through the Yamal pipeline are severely suppressed, providing upside risk to prompt and near-curve UK gas contracts. - 20/12/2021
The Brent crude benchmark is pointing down from settlement this morning, with demand destruction fears weighing in the face of the Omicron variant. - 20/12/2021
The day-ahead UK baseload contract is pointing up from settlement, with low levels of wind generation forecast to persist over the weekend. - 17/12/2021
The return of the 480 MW Hinkley Point B-8 nuclear reactor over the weekend is offering bearish signals for prompt contracts, though this is limited by low levels of wind generation. - 17/12/2021
National Grid have forecast the gas system to close long today, limiting the bullish pressure to the prompt gas contract from heightened gas-for-power demand (due to low levels of wind). - 17/12/2021
The UK carbon contract remains supported close to all-time highs following the government's decision not to intervene, offering support to UK energy futures. - 17/12/2021
Q1-22 gas futures are pointing down from settlement, reversing some of this weeks gains. This is indicative of a loosening in gas market fundamentals early next year. - 17/12/2021
Q1-21 UK power futures point strongly up on settlement today, as outages at a number of French nuclear reactors curb power import prospects into 2022. - 16/12/2021
UK carbon continues to see gains through this week, with the wider complex commodity supported by prevalent fundamental tightness in spot markets. - 16/12/2021
Both UK gas and power day-ahead assessments point up from settlement today, with suppressed wind power generation and colder temperatures supportive. - 16/12/2021
Despite gains in Q1-22 power futures, equivalent gas contracts trade in a more neutered manner today, with strong LNG imports for Dec-21 limiting upside. - 16/12/2021
Crude oil markets look to be making gains through early morning trading, though valuation for the Brent benchmark remains well below 2021 highs. - 16/12/2021
Day-ahead baseload power points strongly upward today, as falling wind power generation and colder temperatures elevates costly non-renewable demand. - 15/12/2021
UK carbon contracts are exposed to upside risk mid-week, following the decision of the UK ETS Authority not to intervene following a H2-21 surge in valuation. - 15/12/2021
Crude oil market price action remains subdued in Dec-21 trading, with participants expectant of supply fundamentals outstripping demand into next year. - 15/12/2021
European gas storage levels continue to weigh on the trajectory of 2022 European energy futures this month, offering continued support deep into 2021 trading. - 15/12/2021
National Grid is forecasting the UK gas system to close 25.5 mcm oversupplied today, offering limits to upside risk prevalent in prompt UK energy contracts. - 15/12/2021
Restarts at the 480 MW Hinkley Point B-8 and 615 MW Heysham 2-7 nuclear reactors have been delayed today, offering further upside to prompt UK energy in Dec-21. - 14/12/2021
UK carbon has started the 14-Dec trading session with bullish intent, with intraday offer prices today having surpassing all-time settlement highs of £75.56/tCO2e - 14/12/2021
EU carbon looks to take more muted price action versus its UK counterpart today, with valuation for emissions permits neutral-bearish after volatility seen in 13-Dec. - 14/12/2021
In spite of more stable gas exports from Russia this week, European energy futures continue to climb as concerns over 2022 supply-demand tightness weighs heavy. - 14/12/2021
45d temperature forecasts provide bullish signals to near-curve futures today, with downward revisions overnight suggestive of strong consumption demand into 2022. - 14/12/2021
Day-ahead assessments for both UK gas and power are pointing up from Friday settlement, as colder temperatures into tomorrow elevate consumption demand. - 13/12/2021
EU carbon markets have started the week with bullish action, with the Dec-21 futures contract recouping losses made on profit taking in 09-Dec trading. - 13/12/2021
UK energy futures continue to be pressured higher in early week trading, with the near-curve climbing as the energy complex recoups losses made in 09-Dec. - 13/12/2021
Having seen a strong pullback early this month, the Brent crude benchmark continues to make steady gains through the month, today surpassing $75.50/bbl - 13/12/2021
The 595 MW Hartlepool 2 nuclear reactor is set to start coming back online from tomorrow, with the asset having previously been scheduled to return on 11-Dec. - 13/12/2021
The day-ahead baseload contract is pointing strongly up this morning, despite the return of Hartlepool 2 and wind generation above seasonal norms. - 10/12/2021
The 595 MW Hartlepool 2 nuclear reactor is due to come back online this weekend; this offers downside to prompt contracts next week. - 10/12/2021
The benchmark EU emissions contract has retreated from all-time highs, though it remains supported above €/80tCO2e. - 10/12/2021
Temperatures are forecast to remain above the seasonal norm much of next week, a bearish signal for prompt UK gas and power as it limits LDZ and power-for-heating demand. - 10/12/2021
Seasonal UK gas futures are pointing strongly up from settlement, as expectations of tightness in energy supplies continues to pressure prices. - 10/12/2021
After closing at an all-time high close to €89/tCO2e yesterday, it is pointing strongly down in morning trading; offers downside to UK energy futures. - 09/12/2021
Seasonal UK energy futures are pointing strong up this morning, as expectations of tight energy supplies in coming years continue to weigh on prices. - 09/12/2021
Rising levels of wind generation into tomorrow are offering a bearish signal to prompt contract, with non-renewable demand reduced. - 09/12/2021
The Brent crude benchmark has stabilised around $75/bbl this week, despite fears of demand destruction from rising Covid-19 cases and the Omicron variant. - 09/12/2021
Coal has returned to the UK energy stack this week; currently around 5% of supply at time of writing. This has offered support to UK emissions contracts. - 09/12/2021
The benchmark EU emissions contract breached €86/tCO2e for the first time this morning, with morning trading showing few signs of the bullish trend abating. - 08/12/2021
UK carbon has continued to follow a bullish trend despite the triggering of the CCM. Though the upside is limited relative to its EU equivalent, which now trades at a premium. - 08/12/2021
UK energy futures are strongly up this morning, with signs of tightening energy supplies in Europe weighing on UK markets. - 08/12/2021
The bullish trend for the Brent crude benchmark has stalled somewhat this morning, though it remains supported above $75/bbl. - 08/12/2021
Falling wind generation into tomorrow is offering upside to prompt contracts this morning, with more costly non-renewable demand heightened. - 08/12/2021
The benchmark EU carbon contract reached fresh all-time highs yesterday, with morning price action indicating a continuation of the same trend. - 07/12/2021
The UK carbon contract is pointing up from settlement, with additional permit supply - due to the triggering of the Cost Containment Mechanism - not likely to be released until Jan-22. - 07/12/2021
Near-curve UK baseload contracts are pointing up from settlement, with issues at the 1400 MW UK-Norway North Sea Link interconnector delaying its full capacity to post Feb-22. - 07/12/2021
Seasonal UK gas contracts have made strong gains this morning, with tightness in energy supplies globally looking to be a characteristic of the next couple of years. - 07/12/2021
Prompt contracts are pointing up this morning, with higher gas demand from the Local Distribution Zone and higher gas-for-power demand weighing. - 07/12/2021
Higher wind generation and temperatures into tomorrow are limiting LDZ, power-for-heating and gas-for-power demand; a bearish signal for prompt contracts. - 06/12/2021
The benchmark EU carbon contract has breached €80/tCO2e again this morning, whilst the UK equivalent is also up. This offers upside to UK energy futures. - 06/12/2021
The Brent crude benchmark has started the trading day with bullish intent, breaching $70/bbl in early morning trading. - 06/12/2021
Seasonal Winter contracts have exhibited strong upside this morning, with the upside in emissions markets likely to be one factor that's weighing. - 06/12/2021
Signs of loosening LNG market dynamics in Asia could provide some bearish direction to gas and power prices close to all-time-highs. - 06/12/2021
The Brent crude benchmark is trading up on settlement today, rising above the $70/bbl level following bearish pressure exerted late in Q4-21. - 03/12/2021
Having breached the €80/tCO2e level earlier this morning, the EU carbon benchmark is trading below the record €79.86/tCO2e level currently (0900). - 03/12/2021
Near-curve UK gas futures are trading down on settlement late this week, with variable supply fundamentals overcoming bullish wider complex signals. - 03/12/2021
Revisions to 45d weather forecasts provide support to front month UK energy futures, as below-norm temperatures are expected to prevail into Jan-22. - 03/12/2021
Day-ahead UK power valuation is pulling back from last settlement in early trading, as wind power generation is forecast to firm into Monday. - 03/12/2021
Following a sharp pullback yesterday afternoon, the UK carbon benchmark is pointing upward from settlement, trading around £69/tCO2e. - 02/12/2021
Cold UK temperatures and softening wind power generation provides upside pressure to the day-ahead baseload power contract today. - 02/12/2021
Having fallen below $69/bbl at settlement yesterday, the Brent crude benchmark continues to trade in a volatile manner with bullish direction today. - 02/12/2021
National Grid is forecasting the UK gas system to close 12.2 mcm oversupplied today, providing downside pressure to spot gas contracts. - 02/12/2021
Near-curve UK gas futures have opened on the back foot today, with remaining Winter-21 futures seeing bearish moves following recent gains. - 02/12/2021
UK emissions futures are seeing gains in early morning trading, despite the Carbon Containment Mechanism being triggered for Dec-21. - 01/12/2021
After falling below $70/bbl yesterday, the Brent crude benchmark is pointing strongly up on settlement, ahead of an OPEC meeting today. - 01/12/2021
UK energy futures continue to be supported in the start of Dec-21, with the front month baseload power contract today breaching the £300/MWh level. - 01/12/2021
The 615 MW Heysham 2-7 nuclear reactor has been taken offline for planned maintenance this week, a supportive signal to spot UK energy contracts. - 01/12/2021
In contrast to the UK carbon benchmark, EU permit valuation continues to climb deep in 2021, with the Dec-21 contract breaching all-time highs today. - 01/12/2021
After a strong pullback yesterday, the day-ahead UK baseload power contract points strongly up from settlement, as power-for-heating demand rises. - 30/11/2021
UK energy futures continue to be pressured higher today, with ongoing angst surrounding European gas supply security into 2022 supportive. - 30/11/2021
Both UK and EU carbon contracts provide upside pressure to UK energy futures today, with unfavourable fuel switching dynamics adding to permit demand. - 30/11/2021
Crude oil markets provide downside pressure to the energy complex today, with demand suppression fears surrounding the Omicron COVID variant weighing. - 30/11/2021
Revisions to 45d temperature forecasts are supportive to near-curve UK energy futures today, with below-norm temperatures forecast to the end of 2021. - 30/11/2021
Following strong losses on Friday, the Brent crude benchmark points strongly up today, recouping some of the net losses over the Nov-21 period. - 29/11/2021
The day-ahead UK power contract is trading over 50% lower than 26-Nov settlement, with milder temperatures and firming wind power generation tomorrow directing. - 29/11/2021
Both UK and EU carbon markets are providing strong bullish direction to UK energy futures today, with this wider complex commodity shaking off pandemic angst. - 29/11/2021
The outage at the 480 MW Hartlepool 2 nuclear reactor has been extended, though UK baseload risk for Dec-21 is offset by the delayed 595 MW Heysham 1-1 outage. - 29/11/2021
UK energy futures point strongly up from settlement today, with gas supply security concerns for the Winter-21 period overcoming COVID-driven demand concerns. - 29/11/2021
The day-ahead UK baseload contract is pointing strongly up from settlement, with falling wind generation and temperatures over the weekend - 26/11/2021
The Brent crude benchmark has fallen below $80/bbl this morning, indicating that efforts led by the US to bring oil prices down are beginning to have an impact. - 26/11/2021
Despite reaching €75/tCO2e yesterday, the benchmark EU emissions contract is pointing down this morning, with the equivalent UK contract taking a similar direction. - 26/11/2021
Temperatures are forecast to remain below seasonal norms into next week, though upside to the day-ahead contract has been limited. - 26/11/2021
UK energy futures are generally neutral to neutral-bullish, despite the downside in the wider complex indicating bearish price action. - 26/11/2021
Emissions markets are offering a bullish signal to UK energy futures, with the benchmark UK contract above £70/tCO2e, whilst the EU contract nears all-time highs. - 25/11/2021
The day-ahead UK baseload contract is pointing strongly down this morning, despite forecasts of low wind generation, with the return of the Torness 2 nuclear reactor limiting the upside - 25/11/2021
The prompt UK gas contract is pointing up from settlement this morning, with temperatures forecast to remain below seasonal norms into next week. - 25/11/2021
The Brent crude benchmark is neutral this morning, remaining supported around $82/bbl on the back of strong global demand. - 25/11/2021
Russian flows through the Yamal-Europe pipeline have remained steady, though this is far from hopes of increased Russian supplies. - 25/11/2021
The benchmark EU emissions contract has retraced from all-time highs around €71/tCO2e, though the equivalent UK contract is pointing up from settlement. - 24/11/2021
Rising wind generation into tomorrow is providing a strong bearish signal to the prompt UK baseload contract, with less demand for costly non-renewables. - 24/11/2021
The Brent crude benchmark has risen to around $83/bbl, despite the US, China, Japan and others planning to release strategic reserves to cool prices. - 24/11/2021
The restart date for the 480 MW Torness 2 nuclear reactor has been brought forward to today, offering some downside to prompt contracts towards the end of the week. - 24/11/2021
Seasonal UK energy futures are pointing strongly up from settlement; this suggests the market is expecting tightness in coming years. - 24/11/2021
Wind generation and temperatures below the seasonal norm are increasing gas-for-power and heating demand; this provides bullish pressure to day-ahead contracts. - 23/11/2021
Below normal wind generation in the Netherlands and Germany could see a greater portion of coal return to their energy stacks, offering upside to the benchmark EU carbon contract. - 23/11/2021
The Brent crude benchmark has retreated from levels close to $80/bbl, with the US mobilising nations globally to release crude stocks - 23/11/2021
UK gas futures are pointing strongly up this morning, with rising competition for LNG cargoes in Asia and uncertainty around Nord Stream 2 weighing - 23/11/2021
The outage at the 595 MW Hartlepool 2 nuclear reactor has been extended to 29-Nov. This offers upside to day-ahead contracts throughout this week and early next week. - 23/11/2021
Low levels of wind generation are providing a strong bullish steer to the day-ahead UK baseload contract. - 22/11/2021
Despite below normal temperatures raising Local Distribution Zone (LDZ) demand, the day-ahead gas contract is pointing down from settlement as National Grid forecast the system to close oversupplied. - 22/11/2021
The benchmark EU carbon contract breached €70/tCO2e for the first time this morning, providing a bullish signal to energy futures. - 22/11/2021
The 595 MW Hartlepool 2 nuclear reactor is due to come back online today, though it could take a couple of days to ramp up. This offers downside to prompt contracts later in the week. - 22/11/2021
The Brent crude benchmark is trading sideways this morning, though it appears to be testing the $80/bbl mark. - 22/11/2021
Falling temperatures over the weekend are providing upside pressure to prompt UK energy contracts, with demand climbing deep into Nov-21. - 19/11/2021
Emissions markets continue on their strong bullish trajectory for the week, with the UK carbon benchmark today surpassing £63/tCO2e. - 19/11/2021
Crude oil markets continue to exhibit weakness late in the WC 15-Nov, with the Brent crude benchmark testing the $80/bbl level in trading this morning. - 19/11/2021
Revisions to 45d temperature forecasts suggest late Dec-21 could see a cold period, offering upside to front month futures on elevated demand. - 19/11/2021
For the week UK energy futures have seen considerable gains, with remaining Winter-21 contracts gaining over 25% between Friday and last close. - 19/11/2021
Both UK gas and power day-ahead assessments are pointing down from settlement, as bearish weather fundamentals limit upside from gas supply angst. - 18/11/2021
After strong gains over early trading sessions this week, the EU carbon benchmark is trading lower today, currently valued below €67/tCO2e. - 18/11/2021
Near-curve UK gas futures are seeing a pullback in early morning trading, following early week price action that saw value pushed higher due to Winter supply angst. - 18/11/2021
Crude oil markets have seen losses over this week, with the Brent crude benchmark trading near $80/bbl as sentiment around reserve release weighs. - 18/11/2021
Market volatility prevails for UK energy futures through Nov-21, as sentiment around Nord Stream 2 and prospects for LNG supply risk adds upside risk. - 18/11/2021
Despite bearish weather fundamentals into tomorrow, both UK gas and power day-ahead contracts point up from settlement this morning. - 17/11/2021
After strong gains to all-time highs yesterday, the European carbon futures benchmark trades sideward to settlement today despite gas market gains. - 17/11/2021
European energy markets have seen considerable gains this week, with news that the certification process for Nord Stream 2 has been put on hold. - 17/11/2021
An extension to the outage at the 595 MW capacity Hartlepool 1 nuclear reactor provides upside pressure to front month UK energy futures this morning. - 17/11/2021
Prompt UK gas contracts continue to trade in a bullish manner this week, with European gas supply risk around Russian gas supply weighing. - 17/11/2021
Emissions markets are continuing their bullish start to the week today, with the EU carbon benchmark surpassing €67/tCO2e in early morning trading. - 16/11/2021
National Grid are forecasting the gas system to close 5.2 mcm oversupplied today, offering some limit to otherwise bullish spot gas contracts today. - 16/11/2021
UK energy futures continue to climb in early morning trading today, as the strong bullish action in EU and UK carbon markets post-COP26 direct. - 16/11/2021
Revisions to 45d temperature forecasts imply Dec-21 will out-turn near- or below-seasonal norm levels, providing support to front month UK energy futures. - 16/11/2021
Firming wind power generation into tomorrow is offering downside pressure to the day-ahead power contract, though spot gas contracts provide support. - 16/11/2021
Both UK and EU carbon markets are trading up from Friday settlement today, following the COP26 commitments to global carbon pricing over the weekend - 15/11/2021
Cool UK temperatures are providing support to spot UK energy contracts today, with gas value climbing as Local Distribution Zone demand moves higher - 15/11/2021
Despite upside pressure from growing power-for-heating demand, the day-ahead UK baseload contract points strongly down today, as wind generation climbs - 15/11/2021
Price action for near-curve UK gas contracts looks to be skewed to the upside today, with variable sentiment around Russian gas and bullish carbon supportive. - 15/11/2021
A planned outage at the Hinkley Point B-8 nuclear reactor has started over the weekend, limiting UK baseload power capacity by 480 MW up to 17-Dec. - 15/11/2021
Winter-21 period UK energy futures continue to be pressured higher late this week, as concerns over European gas supply continue through this month. - 12/11/2021
The day-ahead assessment for UK baseload points strongly up on settlement, with colder temperatures and lower wind power generation on Monday weighing. - 12/11/2021
Revisions to 45d temperature forecasts indicates levels below seasonal norms will be seen into Dec-21, elevating assumed energy demand for the front month. - 12/11/2021
European gas markets have seen considerable upside late this week, as Belarus threatens shutting Europe's supply of Yamal-Europe pipeline volume off. - 12/11/2021
Today marks the last day of the UN COP26 meeting in Glasgow, wrapping up a conference around climate change action toward meeting the climate emergency. - 12/11/2021
Day-ahead UK baseload power continues to move lower through this week, with firming wind power generation providing downward pressure. - 11/11/2021
In spite of reduced gas-for-power and LDZ demand, prompt UK gas contracts point upward today, with tight gas system balance providing support. - 11/11/2021
Following strong gains in afternoon trading yesterday, the EU carbon futures benchmark has opened on the backfoot, trading near €62/tCO2e this morning. - 11/11/2021
Russian gas flows continue to implicate near-curve UK energy contracts today, with lower export rates through the Yamal-Europe pipeline supportive today. - 11/11/2021
The UK LNG import schedule remains reasonably healthy for the remainder of Nov-21, with 547 mcm of regas volume confirmed for delivery by 24-Nov. - 11/11/2021
The day-ahead UK power assessment is pointing strongly down from settlement this morning, as rising wind power generation offsets non-renewable demand. - 10/11/2021
Near-curve UK energy futures are trading in a bearish manner this morning, as easing supply security concerns around Russian gas supplies provide direction - 10/11/2021
Crude oil markets are trading roughly sideward to settlement today, with the Brent benchmark holding below $85/bbl after recent market volatility - 10/11/2021
National Grid is forecasting the UK gas system to close 23.2 mcm oversupplied today, offering downside potential for prompt UK energy futures today. - 10/11/2021
Both UK and EU emissions benchmark futures are trading in a neutral-bullish manner today, offering limited direction to gas and power futures in mid-week trading. - 10/11/2021
The prompt UK baseload contract is pointing up from settlement, with wind generation forecast to fall around 60%; this raises more costly non-renewable demand. - 9/11/2021
The Yamal-Europe gas pipeline is no longer operating in reverse, easing some of the bullish pressure to UK gas futures - 9/11/2021
UK and EU emissions markets are sending mixed signals this morning, with the benchmark UK contract up from settlement and the EU contract down. - 9/11/2021
The wider complex is supportive to prompt and futures contracts, with both the Brent crude benchmark and coal prices bullish this morning - 9/11/2021
National grid are forecasting the gas system to close oversupplied, limiting the upside to the prompt UK gas contract from falling temperatures and greater gas-for-power demand - 9/11/2021
Despite statements that Russian gas flows to Europe will pick up from 08-Nov, they have not booked additional transport capacity for today. This is sending a bullish signal to UK energy futures. - 8/11/2021
The wider energy complex is supportive to UK energy futures this morning, with the EU emissions markets pointing up from settlement. - 8/11/2021
Rising temperatures and wind generation are providing some bearish pressure to prompt UK energy contracts, though the impact on prices has been marginal. - 8/11/2021
The Heysham 1-2 nuclear reactor has come back online over the weekend, returning 575 MW of nuclear capacity. This offers a bearish signal to prompt contracts. - 8/11/2021
The Brent crude benchmark is bullish this morning, with Saudi's prices to Asia hiked. This provides bullish pressure to crude markets globally. - 8/11/2021
After strong sell offs yesterday, the Brent crude benchmark currently trades around $81/bbl, with prices supported by OPEC's commitment to ongoing supply cuts. - 5/11/2021
Prompt UK power contract is neutral-bearish today, as downside from firming wind power generation is offset by the delayed return of the Heysham 1-2 nuclear facility. - 5/11/2021
The day-ahead UK gas contract continues to trade in a choppy manner late this week, as European gas supply fundamentals continue to vary through early Nov-21. - 5/11/2021
Both UK and EU carbon futures point up from settlement this morning, with the EU carbon benchmark retesting the €60/tCO2e level in late week trading - 5/11/2021
Revised 45d weather forecasts provide resistance to bullish UK energy futures today, as Dec-21 gas continues climbing on variable European supply fundamentals. - 5/11/2021
UK energy futures for remaining Winter-21 months continue to see bullish price action today, with the Dec-21 gas contract currently traded above 200 p/th. - 4/11/2021
Both UK and EU carbon futures are trading up on settlement in early trading, with the EU emissions benchmark surpassing €60/tCO2e this morning. - 4/11/2021
After a series of bearish trading sessions, the Brent crude benchmark is trading up on settlement today, ahead of an OPEC+ meeting starting this week. - 4/11/2021
Day-ahead assessments for UK energy are pointing in contrasting directions today, with baseload power up due to softening wind power generation into tomorrow. - 4/11/2021
Following a number of days in reverse flow mode, natural gas imports to Germany via the Yamal-Europe line have resumed, easing some supply fundamental angst. - 4/11/2021
The day-ahead UK power assessment continues to move lower this week, with rising wind power generation into tomorrow offering downside potential. - 3/11/2021
UK energy futures are continuing to climb in early Nov-21, with gains concentrated to the near-curve as Russian gas supply fundamentals continue to vary. - 3/11/2021
Crude oil markets are seeing bearish price action today, with strengthening US inventory data suggestive of loosening supply-demand fundamentals - 3/11/2021
Imports of Liquefied Natural Gas to the UK continue to look healthy in Nov-21, with 3 cargos confirmed for delivery up to 13-Nov, with 389 mcm of regas volume. - 3/11/2021
UK and EU emissions markets are supportive to energy futures today, with both carbon benchmarks rising as rising gas valuation bleeds into the wider complex. - 3/11/2021
The day-ahead assessment for UK power is pointing strongly down this morning, as rising wind power generation into tomorrow offsets non-renewable demand. - 2/11/2021
Following a turbulent period of trading yesterday that ended with strong moves to the downside, both UK and EU carbon futures benchmarks have opened on a bullish footing. - 2/11/2021
Near-curve UK energy futures are being pressured higher this morning, with European exports to Russia through this week stoking further concerns of Winter supply tightness. - 2/11/2021
Crude oil markets continue to trade near 3-year highs as we move through Nov-21, with the Brent crude climbing today on continued supply suppression from OPEC. - 2/11/2021
Despite gas system oversupply today, prompt UK gas contracts are pointing upward today, as cold temperatures keep Local Distribution Zone demand high. - 2/11/2021
Near-curve UK energy futures have started the week with bullish intent, with Dec-21 UK gas trading strongly up on Friday settlement early today. - 1/11/2021
Both UK and EU emissions benchmarks are pointing up from settlement today, providing upside pressure to the energy complex in the start of Nov-21. - 1/11/2021
Day-ahead assessments for UK gas and power are pointing strongly up this morning, with falling wind generation and temperatures steering valuation. - 1/11/2021
The UN COP26 meeting started on 31-Oct, with PM Johnson calling on further climate change action with the world at one minute to midnight. - 1/11/2021
The Torness 2 nuclear reactor has been taken offline for a planned outage over the weekend, capping UK baseload power capacity by 595 MW to 25-Nov. - 1/11/2021
Power fundamentals are supported this morning as wind generation provides 27% of the UK mix however gas fired turbines are contributing 40% as solar and coal generation are offline. - 28/09/2021
UK natural gas prices have opened on the front foot this morning despite the system opening oversupplied. Norwegian exports are flowing sideway however LNG send out has increased compared to yesterday. - 28/09/2021
Brent oil is trading firm at $80.26/bbl an upwards movement of 0.8% since yesterday's close. Britain put the army on standby to deliver fuel from Tuesday after an acute shortage of truckers triggered panic buying. - 28/09/2021
Carbon prices have risen 1.3%, currently trading at € 65.20/tCo2. Carbon continues to be buoyed by an energy complex marked by supply squeeze. With no prospect of an immediate shift in the supply-demand balance - 28/09/2021
The pound is trading at €1.171 against the euro as expectations that the Bank of England could hike interest rates early next year gave some support, but fears of a tough winter for the British economy capped its gains. - 28/09/2021
UK natural gas prices have opened on the front foot this morning despite the UK gas system opening oversupplied. The UK is expected to see some unsettled weather until the 10th of October. - 27/09/2021
Power fundamentals are strong this morning as wind generation hold the stack at 34%, gas fired generation soon follows at 33%. Solar and coal are neck and neck at 1% and nuclear generation is firm at 17% - 27/09/2021
Brent oil is trading firm at $79.05/bbl an upwards movement of 1.3% since Friday's close. Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis. - 27/09/2021
Carbon prices have jumped % this morning, currently trading at €64.57/tCo2. Most key drivers seem bullish this morning, following Friday’s rise in European energy commodities and the latest upwards movements in global oil. - 27/09/2021
The pound is trading at €1.17 against the euro followed the Bank of England (BoE) taking a hawkish tone on interest rates and its pandemic-era government bond-buying scheme. - 27/09/2021
UK natural gas prices are bullish this morning with the season ahead product dropping nearly 4%. The system has opened considerably oversupplied once again as flows from Norway and LNG are both up. - 24/09/2021
Power fundamentals remain strong as wind generation and gas fired turbine both provide 34% to the UK mix. Solar is down at 1% but is expected to provide 15% by 12 o'clock. Coal power remains offline in the recent support. - 24/09/2021
Brent oil is trading firm at $77.40/bbl an upwards movement of 0.45% since settlement. Britain on Friday vowed to do whatever it takes to resolve a trucker shortage that has forced oil giant BP to close some petrol stations - 24/09/2021
Carbon prices have opened sideways, trading at €60.16/tCo2. The recent EUA prices movements suggest the carbon market is struggling to find further direction. - 24/09/2021
The GBP - EUR has seen short term gains compared to yesterday's opening, trading at €1.168 against the euro. concerns over the Evergrande debt crisis eased and traders waited for the Bank of England meeting. - 24/09/2021
UK natural gas prices have opened on the back foot this morning as the system has opened considerably oversupplied. Tomorrow and Saturday will be mostly sunny and dry with above normal temperatures. - 23/09/2021
Power fundamentals are well support this morning as wind generation contributes 40% of the UK mix resulting in a relaxed gas for power demand at 28%. Solar and coal are both offline and nuclear has risen to 16%. - 23/09/2021
Brent oil continues to climb in value breaking the latest resistance level, trading at $76.39/bbl. Britain is having talks with energy regulator Ofgem about whether or not a cap on prices for consumers may have to go up. - 23/09/2021
Carbon prices have dropped by 0.56% this morning, currently trading at €59.88/tCo2. The recent EUA price movements suggest the bull-run in the European carbon market might be exhausted. - 23/09/2021
The GBP EURO is trading sideways at €1.164. The focus was squarely on central bank action this week as investors went from expecting hawkish commentary by the BoE to digesting that an interest rate hike. - 23/09/2021
UK natural gas prices have opened bearish this morning. Temperatures will be slightly higher than recently with largely above normal values. The UK gas system has opened oversupplied this morning. - 22/09/2021
Power fundamentals support this morning as wind generation has ramped up to 21% resulting in only 43% support from gas fired turbines. Solar is offline however we have seen pumped hydro is providing 2% to the mix. - 22/09/2021
Brent oil is trading firm at $75.53/bbl an upwards movement of 1.57%, testing the resistance level of $75.60/bbl extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week. - 22/09/2021
Carbon prices are showing rejection behaviour as it rejects 0.48% this morning, trading at €59.84/tCo2 We expect a volatile session for carbon market today with EUA price movements dominated by the options expiry. - 22/09/2021
The forex pair GBP/EURO is continuing to show bearish momentum, currently trading at €1.164 against the euro as investors evaluated the direction the Bank of England would take at an upcoming policy meeting. - 22/09/2021
UK natural gas prices have opened bullish. Over the next few days temperatures will be near normal in the south but slightly below normal in the north. Easterly winds will be partially quite strong. - 16/09/2021
Power fundamentals are suppressed this morning and wind, solar and coal all provide 3% to the stack resulting once again in mass support from gas fired turbine. Nuclear is consistent at 15% - 16/09/2021
Brent oils has seen a sideways opening, trading at $75.39/bbl A rebound in China's crude demand has pushed up prices of a Russian grade popular with Chinese independent refiners to the highest in 21 months - 16/09/2021
Carbon prices have eased off by -1.32% this morning, currently trading at €59.91/tCo2. We could see a new test of the strength of the €58.64/t level today. However, the bullishness in the gas market is favouring coal. - 16/09/2021
The pound is trading firm at €1.173 against the euro after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could act sooner to hike rates. - 16/09/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be slightly lower but still mostly above normal with low to moderate wind speeds. No LNG tankers have been booked for the UK. - 13/08/2021
Power fundamentals are weak this morning as gas fired generation is forced to support the mix at 58% as wind generation only makes up 7% and solar 2%. Coal generation is online at contributing 3% to the stack. - 13/08/2021
Brent oil is trading firm at 73.46/bbl an upwards movement of 0.70% since as concerns over shut output in the United States, the world's biggest producer, following damage from Hurricane Ida supported the market - 13/08/2021
Carbon prices have jumped 2% this morning, currently trading at €62.13/tCo2. German Chancellor Angela Merkel tried to soothe fears over the Nord Stream 2 gas pipeline on Saturday - 13/08/2021
The pound is trading at €1.172 against the euro pressured by stock market declines and signs of economic slowdown which some analysts felt may force the Bank of England to tone down its hawkishness in coming weeks. - 13/08/2021
UK natural gas prices have dropped this morning with the month ahead product dropping -1.75%. LNG send have increase this morning as the UK received its first LNG tanker in a month, no further tankers are on the horizon. - 10/08/2021
Power fundamentals remain suppressed as wind generation only provides 6% and solar provide only 1% result once again in mass support from gas to power turbines at 54%. Nuclear generation is firm at 16% which helps support the stack. - 10/08/2021
Brent oil is trading firm at $72.17/bbl an upwards movement of 1% since yesterday's close on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1% - 10/08/2021
Carbon prices have dropped 0.50% this morning, currently trading at €62.38/tCo2. The EUA Dec-21 contract edged higher in yesterday’s trade, continuing to draw support from soaring gas prices. - 10/08/2021
The pound saw large gains yesterday, currently trading at €1.171 against the euro snapping three straight days of losses and was on course to regain the ground lost since the announcement of a UK tax hike to fund health spending and social care. - 10/08/2021
UK natural gas prices have opened on the front foot this morning. Tomorrow and Saturday will be partially cloudy with some scattered showers and thunderstorms with temperatures set to drop off as of today. - 09/09/2021
Power fundamentals remain weak as wind power is only providing 7% to the UK mix, Solar is suppressed to 1% and coal is online and providing 3%. This has resulted in mass support from gas fired turbines at 51% - 09/09/2021
Brent oil is trading at $72.64/bbl a sideways opening despite more than three-quarters of the Gulf of Mexico's offshore oil and natural gas output remained shut on Wednesday as the fallout from Hurricane Ida. - 09/09/2021
Carbon prices have risen 0.45% this morning, currently trading at €62.55/tCo2 Bullish fundamentals from the relentless rallies in European gas- and coal prices are expected to provide continuing underlying support. - 09/09/2021
The pound is trading at €1.165 against the euro, a fall for the third straight day as investors are digesting the British government's announcement of a tax hike to fund health spending and social care. - 09/09/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be slightly low but still largely above normal. Next week will start sunnier and warm but the western parts and the UK. - 08/09/2021
Power fundamentals remain weak as wind generation makes up only 7% of our mix, solar and coal are neck and neck at 3% resulting in mass support from gas fired turbines at 48%. - 08/09/2021
Brent is firm at $71.9/bbl an upwards movement of 0.40%. Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months - 08/09/2021
Carbon prices are trading at €62.22/tCo2 Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible - 08/09/2021
The pound is currently trading at €1.163 against the euro. Boris Johnson set out plans on Tuesday to raise taxes on workers, employers and some investors to try to fix a health and social care funding crisis - 08/09/2021
UK natural gas prices have eased off this morning as tomorrow and Thursday will be mostly dry and sunny with above normal temperatures. The system has opened oversupplied as we have seen strong flows coming in from Norway. - 07/09/2021
Power fundamentals are weak this morning and wind power, solar power and coal generation are all neck and neck at 3% resulting in mass support from gas fired turbines at 52%. Nuclear is firm at 15% - 07/09/2021
Brent oil is trading firm at $72.42/bbl which is an upwards movement of 0.30%.More than 80% of oil production in the Gulf remains shut in after Hurricane Ida, a U.S. regulator said on Monday, more than a week after the storm made landfall - 07/09/2021
Carbon prices have dropped by 0.73% this morning. Fear of low winter gas storage levels and supply risk amid concerns over pipeline flows from Russia and Norway, combined with LNG cargoes being diverted to Asia. - 07/09/2021
The GBP EURO is trading at €1.165 against the euro. Sterling slipped on Monday, pulling back from near one-month highs against the dollar and one-week peaks versus the euro as signs grew that economic gains from post-lockdown reopening. - 07/09/2021
UK natural gas prices have opened on the front foot this morning. The weekend and most of next week will be dry with sunny conditions prevailing. Some occasional cloudier episodes won't bring significant rain - 03/09/2021
Power fundamentals are weak this morning as wind generation is suppressed to 6% and solar generation is low at 1% resulting in mass support from gas fired generation at 50%. Coal generation also remains online at 3% - 03/09/2021
Brent oil is trading at $73.06/bbl a sideways opening after a strong rise in the previous session on a weaker dollar and a fall in U.S. crude stocks and were set for modest weekly gains ahead of a highly anticipated U.S. monthly jobs report. - 03/09/2021
Carbon prices have dropped 0.30% this morning, currently trading at €61.34/tCO2. We expect the Dec-21 EUA contract to extend the upward move backed by strong momentum and record high gas prices. - 03/09/2021
The pound is trading firm at €1.164 against the euro. So far this week, the pound has been propelled by moves in other currencies, in the absence of Britain-specific data releases or Bank of England speakers. - 03/09/2021
UK natural gas prices have opened on the front foot this morning. The system has opened over supplied this morning however this is balance out by the drop in MRS injection. There is still no LNG tankers booked. - 01/09/2021
Power fundamentals are weak this morning as wind generation has dropped of to 11% forcing support from CCGT at 47%. Solar generation and coal generation are neck and neck at 2%. - 01/09/2021
Brent oil is firm at $72.32/bbl, a downwards movement as the OPEC+ group of oil producers has made an upward revision to its 2022 oil demand forecast ahead of a meeting on Wednesday. - 01/09/2021
Carbon prices have dropped by -0.30 this morning, currently trading at €61.38/tCo2. On Tuesday, EUA price softened slightly after attempts to retest the €61 level failed. - 01/09/2021
The pound is trading at €1.164 against the euro, The pair looks set to continue trading sideways, at least in the early stages of the week, as GBP drivers remain subdued. - 01/09/2021
Power fundamentals are unsupported despite the fact wind generation has increased to 15%. Gas fired turbines are providing 44% as solar is suppressed to 1%. We are importing 9% through the French interconnector. - 31/08/2021
UK natural gas prices have rallied over the extended weekend. UK temperatures are currently below seasonal average however is expected to rise early next week. There is currently no LNG cargoes confirm for the UK - 31/08/2021
Brent oil is trading at $73.31/bbl a drop of 0.30% since Friday's close as concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output. - 31/08/2021
Carbon prices are trading firm this morning at €60.20/tC02 The Dec-21 contract is likely to continue the upward move from yesterday taking support from elevated gas prices and reduced auction volumes this week. - 31/08/2021
The pound is trading at €1.165 against the euro. Britain's pace of COVID-19 vaccinations and a broader reflation trade in global markets allowed the pound to be the best performer among its G10 currency peers but has since lost this to the US. - 31/08/2021
UK natural gas prices have opened on the front foot this morning. The persistent activity of a low-pressure system will provide cloudy conditions and high rainfall totals over Central Europe (Germany/Poland) in the upcoming days. - 27/08/2021
Power fundamentals are weak this morning as wind generation has dropped off to 7% resulting in forced support from gas turbines at 47%. Solar generation is down at 5% and 10% is coming through the French interconnector. - 27/08/2021
Brent oil is trading at $72.27/bbl on track to post big gains for the week, on worries about supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast. - 27/08/2021
Carbon prices have opened 1.30% up this morning, currently trading at €57.75/tCO2 The key drivers are sending neutral signals this morning. If gas continues to tick up that could create some bullish support. - 27/08/2021
The pound is trading at €1.166 against the euro. While concerns about the Delta variant of coronavirus have rattled stocks, higher commodity prices have helped put a floor under riskier, growth-correlated currencies. - 27/08/2021
UK natural gas prices have opened on the front foot this morning. According to the latest news, construction works on Nord Stream 2 pipeline might continue until September, measurably later than the initial expectation of the end of August. - 24/08/2021
Power fundamentals are weak this morning as wind and solar generation are neck and neck at 6% resulting in forced support from gas fired generation at 47%. The UK is currently importing around 10% through the French interconnectors. - 24/08/2021
Brent oil is firm at $69.19/bbl an upwards movement of 0.73% since yesterday's close The value of Saudi Arabia's oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%. - 24/08/2021
Carbon prices have risen by 0.40% this morning, currently trading at €55.94/tCO2. Gas traders are awaiting a German court ruling tomorrow on the possible unbundling of Gazprom’s ownership of the Nordstream 2 pipeline. - 24/08/2021
The pound is trading at €1.169 against the euro. The sterling rebounded against the dollar and euro on Monday as risk sentiment across markets recovered after jitters over global growth sparked a sell-off last week. - 24/08/2021
UK natural gas prices have opened on the front foot this morning. Next week will likely be also rather cool and unsettled with no signs of significantly warmer and sunnier weather before the end of the week. - 23/08/2021
Power fundamentals are weak this morning as wind and solar generation only make up around 10% of the UK mix resulting in forced support from gas fired generation which contributes 50%. Nuclear power is firm at 15%. - 23/08/2021
Brent oil is trading at $66.50/bbl an upside of 2% since yesterday's close, recovering from a seven-day losing streak with support from a weaker dollar, although concern about surging cases of the Delta coronavirus variant led to cautious trading. - 23/08/2021
Carbon prices have risen by 1.44% this morning, currently trading at €55.35/tCo2. The reduced EUA auction supply in August and prospect of lower full-sized auctions from Sept and onwards will continue to be a supportive factor for the carbon price - 23/08/2021
The pound is trading at €1.164 against the euro reaching monthly lows, capping the pound's worst week in months as global risk aversion propelled investors towards currencies considered safer. - 23/08/2021
UK natural gas prices has seen bearish opening this morning. Tomorrow through Friday will be slightly unsettled in the UK and northern Central Europe with light rain or showers and below normal temperatures. - 17/08/2021
Power fundamentals remain strong this morning as wing generation provides 30% of the UK power needs resulting in relaxed support from gas fired generation at 33%. Coal and solar are neck and neck at 1%. - 17/08/2021
Brent oil is trading at $68.96/bbl an drop of -0.73% since yesterday's close. OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months. - 17/08/2021
Carbon prices have dropped -1.50% this morning, currently trading at €57.65/tCo2. The EUA Dec-21 contract is not far away from the all-time high at €58.64/t and we might see an attempt to break above this level today. - 17/08/2021
The sterling is currently trading at €1.175 against the euro after economic data from the United States and China stirred concern about their recovery from COVID-19. - 17/08/2021
UK natural gas prices have opened bullish this morning. Temperatures will be lower than recently and mostly below normal. The north will also be windy. The second half of the week will be sunnier. There is no further LNG tankers booked for the UK. - 16/08/2021
Power fundamentals are strong this morning as wind generation dominates the power mix at 34% relaxing the demand for gas fired generation which provides 27%. Coal generation has gone offline and solar power is weak at only 3%. - 16/08/2021
Brent oil is trading at $69.32/bbl a drop of nearly 2%, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indicator that fresh COVID-19 outbreaks are crimping the world's no.2 economy. - 16/08/2021
Carbon prices have risen 1.5% this morning, currently trading at €56.45/tCO2. Movements in European gas markets will likely be a decisive factor for European carbon prices this week as well. Concerns over Russian gas supplies, adding to an already tight market. - 16/08/2021
The pound is trading at €1.176 against the euro, The forex pair is on track for a second week of decline as investors looked for fresh catalysts after Britain's growth figures for the second quarter came in as expected. - 16/08/2021
UK natural gas prices back opened on the back foot this morning. Norwegian exports to the mainland has ramped up making the system oversupplied. The UK is expected to receive its first LNG tanker tomorrow in over a month. - 13/08/2021
Power fundamentals are strong this morning as wind generation provides 36% of the UK power needs thus suppressing the demand for gas fired generation which only provides 20%. Solar generation is only providing 5% of the UK power mix. - 13/08/2021
Brent oil is trading at $70.81/bbl after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions. - 13/08/2021
Carbon prices have dropped -2.50% this morning, currently trading at €55.37/tCO2 technical analysis suggest an end to the bullish trend being in place since the last week of July. The pattern would require confirmation today for a trend reversal to materialize. - 13/08/2021
The pound is trading at €1.176 against the euro as analysts expected the Bank of England to make no moves in its monetary policy after official data showed Britain's economy grew in line with expectations in the second quarter. - 13/08/2021
UK natural gas prices have opened on the up once again despite UK temperatures being above seasonal averages. An Outage at the Norwegian field Troll has impacted Norwegian production two last days. - 11/08/2021
Power fundamentals are weak this morning as gas fired generation is support the stack at 40%. Wind generation is up to 11%. Solar generation is low at 4% however this is expected to rise throughout the day. - 11/08/2021
Brent oil is trading at $71.03/bbl an upwards movement of 0.55% since yesterday's close as analysts cut their forecasts for fuel demand in China following curbs from the spread of the highly infectious Delta variant. - 11/08/2021
Carbon prices have dropped this morning, trading at €56.98/tCo2. We could see the carbon price climb towards the all-time high today. Tight gas market situation and halved EUA auctions in August are supportive factors. - 11/08/2021
The pound is trading firm at €1.186 against the euro. Sterling hit €1.1833 against the single currency, its highest level since February 2020, after investor morale in Europe's largest economy fell to its lowest level in nine months. - 11/08/2021
UK natural gas prices have opened on the front foot this morning, UK temperatures are below seasonal averages but is expected to break through as of Wednesday. The UK has its first LNG tanker scheduled in over a month, due to dock on the 14th of August. - 09/08/2021
Power fundamentals are weak this morning as gas fired generation makes up 40% of the UK mix, wind generation is firm at 15% however solar generation and coal generation are neck and neck at 3%. Solar is expected to be suppressed today. - 09/08/2021
Brent oil is trading at $68.94/bbl a drop of -2.5% since Friday's close extending last week's steep losses on the back of a rising U.S. dollar and concerns that new pandemic curbs in Asia, especially China, may set back the global recovery in fuel demand. - 09/08/2021
Carbon prices have dropped by -0.30% this morning, currently trading at €53.05/tCO2. We could see a continuation of last week’s upward move today and new attempt to break above the €56.90/t level and a move towards the all-time high. - 09/08/2021
The pound is trading at €1.178 against the euro. The pound extended recent gains to hit its strongest level since February 2020 reaching €1.18 as vaccination rates have allowed the British government to lift most social-distancing rules. - 09/08/2021
The natural gas markets have low liquidity this morning showing a sideways opening. The Mediterranean region remains the only area with warm and dry conditions. The UK remains to have zero LNG tankers booked. - 04/08/2021
Power fundamentals are weak this morning with wind an solar generation only contributing 7% to the stack. The French interconnector is still importing 10%. Gas fired generation remains is dominant at 50%. - 04/08/2021
Brent oil is trading at $72.26/bbl, a downwards movement of -0.30% since yesterday's close supported by a fall in U.S. inventories and Mideast geopolitical tensions, Concerns are rising Delta variant. - 04/08/2021
Carbon prices are trading at €54.29/tCo2. China's enormous manufacturing industry, population and fast-growing economy mean it has uniquely large commodity requirements that substantially exceed domestic output. - 04/08/2021
The pound euro is trading at €1.172 buoyed by risk sentiment in markets, optimism over the outlook for COVID-19 in Britain and anticipation of a hawkish turn from the Bank of England when it meets on Thursday. - 04/08/2021
UK natural gas prices have eased this morning. UK temperatures are below seasonal averages but is expected to slow climb back up as of tomorrow. Norwegian flows have ramped up as well via Langeled and Flags. - 03/08/2021
The UK power mix is weak this morning as wind and solar generation only makes up 6% of the stack resulting in forced support from gas fired generation at 51%. We are still importing 10% through the French interconnector. - 03/08/2021
Brent is trading at $72.66/bbl a -4.83% drop since Friday's closing price. Iran will respond promptly to any threat against its security, after the US, Israel and Britain blamed Tehran for an attack on an Israeli-managed tanker. - 03/08/2021
Carbon prices have dropped slightly this morning, currently trading at €54.23/tCo2. The contract is expected in neutral territory in today’s session. Supporting factors could come from continuing bullish momentum in European fuel prices. - 03/08/2021
The pound has trade relatively flat compared to yesterday, trading at €1.172. A drop in COVID-19 cases and the reopening of the British economy have fuelled a rebound in the pound in July. - 03/08/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to remain below seasonal average for the first week of August. The UK remains to have zero LNG tankers booked. - 02/08/2021
Power fundamentals are weak this morning as wind and solar generation only provide 3% and 5% which forces support from gas fired generation at 50%. We are currently importing over 10% through the French interconnectors. - 02/08/2021
Brent oil is trading at $74.73/bbl a downwards movement of -0.93% since Friday's close. The United States and Britain said on Sunday they believed Iran carried out an attack on an Israeli-managed petroleum product tanker off the coast of Oman. - 02/08/2021
Carbon prices have risen by 0.84% this morning, currently trading at €54.15/tCO2. Sour sentiment in wider financial markets could weigh on carbon too as rising covid cases triggered renewed worries over economic recovery. - 02/08/2021
The sterling is trading at €1.172 against the euro. Sterling hovered close to one-month highs on Friday and was on course for its strongest week since December ahead of a Bank of England meeting next week. - 02/08/2021
UK natural gas prices have opened bullish this morning. Temperatures will drop to slightly below normal and the north and the UK will also be rather windy. The UK continues to see no LNG outlook. - 29/07/2021
Power fundamentals are strong this morning as wind generation has ramped up to 35% which has suppressed gas fired turbines (CCGT) 23%. Solar is only at 6% however coal generation has gone offline. - 29/07/2021
Brent is trading firm at $75.39/bbl an bullish movement as crude stockpiles in the United States, the world's top oil consumer, fell to their lowest since January 2020, with Brent crude pushing back past $75 a barrel. - 29/07/2021
Carbon prices have risen by 1.32% this morning, currently trading at €54.16/tCo2. In wider financial markets could weigh on carbon too as rising covid cases triggered renewed worries over economic recovery. - 29/07/2021
The pound is trading at €1.173 against the euro after a run of falling UK COVID-19 infections raised investor hopes that the Bank of England could be less dovish than expected when it meets next week. - 29/07/2021
UK natural gas prices have opened on the up this morning. Temperatures will drop to slightly below normal. Next week will continue with the partially unsettled. The UK has no LNG tankers booked due to attractive Asian LNG prices. - 28/07/2021
Power fundamentals are supported this morning as wind generation has come online and providing a strong 16% which has relaxed gas fired turbines at 39%. Solar is providing 5% of the stack and is expected to rise through the day. - 28/07/2021
Brent oil is trading firm at $74.64/bbl. U.S. oil refiners are set to post their first quarterly profit since the COVID-19 pandemic, even though higher oil prices and weaker margins in June have tamed analysts' optimism. - 28/07/2021
Carbon prices have risen 1.2% this morning, currently trading at €53.75/tCo2. Carbon emissions from power generation in the European Union dropped in the first half of 2021 despite electricity demand returning to levels seen before the pandemic - 28/07/2021
The pound is trading at €1.174 against the euro. The world economy risks losing $4.5tn (£3.3tn) from highly-infectious variants of Covid-19 spreading through poor countries where vaccination rates are lower. - 28/07/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near normal. The UK and northern Central Europe will be more unsettled and cooler and also rather windy. The weekend and next week will be cooler. - 27/07/2021
Power fundamentals are weak this morning as wind and solar generation both provide 4% of the UK stack resulting in support of 51% from gas fired turbines. Biomass is strong and provides 10% and coal generation does remain online at 3% - 27/07/2021
Brent oil is trading at $74.41/bb. Oil prices rose on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide. - 27/07/2021
Carbon prices have risen by 0.88%, currently trading at €53.45/tCO2. Carbon is likely to continue the upward move from yesterday on the back of strengthening crude oil prices. Sustained strong gas prices will further support to EUA prices. - 27/07/2021
The pound is trading at €1.170 against the euro. Sterling has held up better than most major currencies in recent weeks, supported by Britain's high vaccination rate at a time when the Delta variant has caused cases to surge worldwide. - 27/07/2021
UK natural gas prices have opened on the front foot. This week will continue with the unsettled and rather cool weather with the entire area featuring near or slightly below normal temperatures and occasional rainfall mostly in form of showers. - 26/07/2021
Power fundamentals are weak this morning as wind and solar generation provide 1% and 4% to the UK mix, this means gas fired generation is forced to support at 50%. Nuclear power is stable at 12% however coal remains online at 3% - 26/07/2021
Brent oil is trading at $73.29/bbl an downwards drop of 1.2% since Friday's close. The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks. - 26/07/2021
Carbon prices have dropped by 0.30% this morning, currently trading at €50.75/tCo2. China said the European Union's plan to impose the world's first carbon border tax will expand climate issues into trade in violation of international principles. - 26/07/2021
The pound is trading at €1.167 against the euro. Sterling fell after a survey showed Britain's economic rebound slowing sharply in July when a spike in COVID-19 cases forced hundreds of thousands of workers to self-isolate under government rules. - 26/07/2021
UK natural gas prices have opened back foot this morning, prices jumped yesterday on an unexpected 3-day long extension of the Elgin-Franklin production field outage. UK send-out is slightly down with no new cargoes confirmed to north-west Europe today. - 20/07/2021
Power fundamentals have started weak as wind and solar generation only provide 3% and 6% to the UK mix resulting in forced support from gas fired generation which contributes 50% of the stack. Solar power is expected to rose throughout the day. - 20/07/2021
Brent oil dropped below $70/bbl in yesterday’s afternoon trading session, currently trading at $69.46/bbl. The US and Germany are expected to announce in coming days a deal resolving their long-standing dispute over Russia's $11b Nord Stream 2 natural gas pipeline - 20/07/2021
Carbon prices have dropped 0.50% this morning, currently trading at €52.28/tCO2. The global rebound from the COVID-19 pandemic is set to drive greenhouse gas emissions stoking climate change to all-time highs. International Energy Agency said in a report on Tuesday. - 20/07/2021
The GBP/EUR took a dive in price yesterday to €1.159. Investors were having to balance the prospect of tighter BoE policy, which is supportive for the pound, with concerns about the economic fallout from the rapid spread of the COVID-19 - 20/07/2021
UK natural gas prices have opened on the front foot this morning. Tomorrow through Friday will be mostly sunny and dry with temperatures rising to above normal values which should release the pressure on the natural gas system. - 19/07/2021
Power fundamentals are weak this morning as wind generation only contributes 2% to the UK mix resulting in forced support from gas fired turbines which is strong at 50%. Solar generation is only at 6% however this is expected to rise throughout the day. - 19/07/2021
Brent oil is trading at $72.47/bbl a downward movement of 1.50% since Friday's close. OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. - 19/07/2021
Carbon prices is trading at €53.23/tCO2. Looking at the fundamentals, we see a possible support from gas, if the TTF futures continue to rise, as we are approaching August, we might expect some support from the prospect of reduced auction volumes. - 19/07/2021
The pound is trading at €1.164 against the euro. Sterling slipped on Friday against the euro and the dollar, headed for its worst week in a month, as investors sought safety in the greenback amid concerns over rising COVID-19 cases globally. - 19/07/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will be near normal. Next week will be mostly sunny, dry and in the second half of the week also warmer than normal. There is still only 1 LNG tanker on the horizon due to dock on the 18th. - 16/07/2021
Power fundamentals are stable this morning as wind generation provides 10% and solar generation 7%. Gas fired generation is relaxed at 38%. Coal generation is still online but we are seeing 10% coming through the French interconnector. - 16/07/2021
Brent oil is trading at $73.28/bbl. President Joe Biden and Angela Merkel failed on Thursday to settle their dispute over Russia's Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as a weapon to coerce its neighbours. - 16/07/2021
Carbon prices have risen by 0.75% this morning, currently trading at €53.24.tCO2. China's long-awaited national carbon emission trading scheme (ETS) opened at 48 yuan ($7.42) per tonne on Friday, according to reports from Chinese media. - 16/07/2021
The pound is trading at €1.17 against the euro after Bank of England policymaker Michael Saunders said the central bank could decide to halt its bond-buying programme early because of an unexpectedly sharp rise in inflation. - 16/07/2021
UK natural gas prices have opened on the back foot this morning. The north will be mostly dry and sunny. The weekend and most of next week will be drier and sunnier than this week in the entire area. Temperatures will be near or slightly above normal. - 15/07/2021
Power fundamental are strong this morning as wind generation remains firm at 17% and solar generation provides 7%, the total renewables mix is over 30%. This has eased the pressure on gas fired generation which contributes only 35%. - 15/07/2021
Brent oil is trading at $73.60/bbl a drop of -1.58% since yesterday's close. Fresh travel restrictions due to a resurgence in COVID-19 cases have dashed hopes for a recovery in Asian fuel demand this year and worsened the outlook for the entire refining sector. - 15/07/2021
Carbon prices have dropped a further 2.29% this morning, trading at €52.12/tCO2. Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of fossil fuels. - 15/07/2021
The pound is trading at €1.168 against the euro as UK inflation rose more than expected to its highest in almost three years, stoking speculation the Bank of England will have to consider sooner whether to reduce its massive stimulus programme. - 15/07/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will drop to near normal. The second half of the next week will likely bring again drier and warmer weather especially to the southern half. The north will likely remain partially unsettled. - 14/07/2021
Power fundamentals are stronger this morning and wind generation has ramped up to 14% and solar is firm at 7% bringing the UK total renewables mix to 30%. Gas fired generation has eased off to 37%. Coal generation remains online at 1%. - 14/07/2021
Brent oil is trading at $76.55/bbl. Fresh concerns about demand after data showed that China's first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic. - 14/07/2021
Carbon prices have dropped by 0.30% this morning, currently trading at €52.51/tCO2 The European Union will on Wednesday unveil its most ambitious plan yet to tackle climate change, aiming to pull ahead in the race among the world's biggest economies . - 14/07/2021
The pound is trading at €1.174 against the euro. UK inflation rose more than expected to its highest in almost three years, putting the focus of the Bank of England's plan to keep its huge stimulus programme in place. - 14/07/2021
UK natural gas prices have opened on the upside this morning. The UK and northern Central Europe will be sunnier, drier and warmer. Storage and LNG concerns will continue to provide a price floor while external fuels will no doubt inject volatility. - 13/07/2021
Power fundamentals are weak once again , wind and solar generation are neck and neck at 4% providing low renewable energy, This has forced gas fired generation to support the mix at 50%. Coal remains online. - 13/07/2021
Brent oil is trading at $75.52/bbl an upwards movement of 0.48% reversing most of the previous day's losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over the spreading COVID-19 variant capped gains. - 13/07/2021
Carbon prices have dropped 0.81% this morning, currently trading at €52.12/tCO2. China's coal imports in June rose 35% from a month earlier to their highest level in 2021, driven by robust demand from power generation and industrial activity in the country. - 13/07/2021
The pound is trading at €1.170 against the euro with the British Prime Minister Boris Johnson expected to confirm plans to remove nearly all remaining COVID-19 restrictions in England from July 19, despite a surge in cases to levels unseen for months. - 13/07/2021
UK natural gas prices have opened on the back foot this morning. Tomorrow through Saturday will be mostly cloudy and unsettled with showers and thunderstorms. The UK is set to receive a LNG tanker on the 18th of July with nothing else on the horizon. - 12/07/2021
Power fundamentals are weak this morning and wind and solar only provide 1% and 3% to the UK mix forcing gas fired generation to support once again at 52%. Coal remains online at 3% and the UK continues to import 8% through the French interconnector. - 12/07/2021
Brent oil is trading at $74.98/bbl which is downwards movement of 0.74% since Friday's close. Saudi Arabia, the world's top crude oil exporter, will supply full contractual volumes of August-loading crude to at least five Asian customers. - 12/07/2021
Carbon prices have dropped -2.42%, currently trading at €52.70/tCO2. The EU is set to take the lead in climate policy action among the world's biggest greenhouse gas emitters, with a raft of ambitious plans designed to cut emissions drastically over the next decade. - 12/07/2021
The pound is trading at €1.168 against the euro. Investors had remained cautious as the government confirmed last week plans to end social and economic COVID-19 restrictions in England on July 19, but also warned that the number of coronavirus cases could climb. - 12/07/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near or slightly below normal. Towards the week after next week, a slowly warmer and drier period may follow as there are signs of rising pressure over the continent. - 07/07/2021
Power fundamentals are somewhat supported this morning as wind generation remains firm at 18% relaxing the demand for the gas fired turbines which contributes only 37%. Solar and coal are neck and neck at 3% however solar is expected to rise today, - 07/07/2021
Brent oil is trading at $75.18/bbl which is a rise of 0.90%. Recovering from a steep drop in the previous session, after the cancellation of talks among OPEC+ producers that raised the prospect the world's major crude exporters will turn on the taps to gain market share. - 07/07/2021
Carbon prices have dropped -2.65% this morning, currently trading at €50/tCO2. Yesterday the EUA Dec-21 saw a massive price drop which erased the gains seen since 23 June, and the question is if the downward move will continue today. - 07/07/2021
The pound is trading at €1.168 against the euro. Boris Johnson set out plans on Monday to end social and economic COVID-19 restrictions in England in two weeks' time, a test of whether a rapid vaccine rollout offers enough protection from the highly contagious Delta. variant. - 07/07/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near or slightly above normal. Next week will start similarly unsettled but the second half of the next week. The LNG outlook remains unchanged as 9 tankers are booked. - 06/07/2021
Brent oil is trading at $68.96/bbl a drop of -0.73% since yesterday's close. OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months. - 06/07/2021
Brent oil is trading at $77.71/bbl an upwards movement of 0.70% since yesterday's close a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico, Mexico's national oil company has declared that environmental damage was avoided. - 06/07/2021
Carbon have dropped -0.90% this morning, currently trading at €57.35/tCO2. Investors managing more than $6 trillion in assets on Tuesday called for a co-ordinated global price on carbon and said emissions costs would need to almost treble by 2030. - 06/07/2021
The pound is trading at €1.169 against the euro. British government announced it will proceed with plans to fully reopen the economy later this month despite a surge in COVID-19 cases. - 06/07/2021
UK natural gas prices have opened on the front foot this morning. Next week will start similar but a slowly warmer and drier trend is hinted under increasing high pressure influence. The UK still does not have any LNG tankers booked. - 05/07/2021
Power fundamentals are weak despite wind generation providing 15% on the UK's power. Solar generation is only at 6% resulting in support from gas fired turbines which is contributing 40% of the mix. Coal generation is online but only at 1%. - 05/07/2021
Brent oil is trading at $76.37/bbl an upwards movement of 0.30%. The OPEC+ group of oil exporters is struggling to reach a compromise over just how much more crude to supply to the market, if a deal is eventually cut, it's likely to be bearish for prices. - 05/07/2021
Carbon prices have risen by 1.4% this morning, currently trading at €58.04/tCO2. A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050. - 05/07/2021
The pound is trading at €1.166 against the euro. The pound fluctuated in the second half of last month, with the delayed ending of lockdown and dovish Bank of England (BoE) comments offset by a strong UK economic recovery. - 05/07/2021
UK natural gas prices have opened on the front foot this. Temperatures will be near or slightly above normal with the UK being relatively coolest. This general pattern will likely last until about mid-July with no major heat waves or sustained cooler than normal spells. - 01/07/2021
Power fundamentals are weak this morning and wind and solar generation are both neck and neck at 7% resulting in forced support from gas fired turbines at 45%. Coal generation has dropped to 1% but the French interconnector still imports 9%. - 01/07/2021
Brent oil is trading at $75.11/bbl an upwards movement on 0.60%. The OPEC+ group of oil producers meets on Thursday to decide on a further easing of output cuts next month and could also consider extending its overall supply pact beyond April 2022. - 01/07/2021
Carbon prices have risen by 2.3% this morning, currently trading at €57.59/tCO2. Carbon continues to receive support from the strength across the energy complex. The EUA Dec-21 contract remains in a tight correlation with TTF gas prices. - 01/07/2021
The pound is trading at €1.166 against the euro as the highly infectious Delta variant of the coronavirus weighs on the optimistic outlook for global growth. U.S. inflation fears as the economy reopens are also lifting the USD. - 01/07/2021
UK natural gas prices have opened on the front foot this morning. A change to sustained cooler and wetter than normal weather remains unlikely before mid-July at least. Norwegian flows to the Continent adjust lower due to the planned full shutdown at Aasta Hansteen - 30/06/2021
Power fundamentals remains suppressed this morning as gas fired turbines provide 47% of the UK stack. Wind generation has increased to 10% however solar and coal generation are neck and neck at 3%. The French interconnector continues to import 9% to the UK. - 30/06/2021
Brent oil is trading at $84/82/bbl, an upwards movement of 0.43% after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge. - 30/06/2021
Carbon prices have risen by 0.66% this morning, currently trading at €55.92/tC02. U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is greener gas that has been certified. - 30/06/2021
The pound is trading at €1.162 against the euro. Concerns over a dispute between Britain and the European Union over post-Brexit trade in the British province of Northern Ireland have also kept investors treading lightly. - 30/06/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near normal. Next week will be warmer again with above normal temperatures but some shower and thunderstorm activity as well. There is no LNG arrivals due to the UK. - 29/06/2021
Power fundamentals are weak today as wind and solar generation remain low at 5% resulting in continuous support from gas fired turbines which provides 50% to the UK stack. Coal generation remains online as well as the 9% import through the interconnector. - 29/06/2021
Brent oil has dropped 0.12% a sideways opening once again, currently trading at $75.66/bbl on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world. - 29/06/2021
Carbon is trading at €55.45/tCO2 In the shadow of Canada's mega oil sands projects, smaller, technologically outdated facilities produce up to three times more emissions per barrel than the already high sector average. - 29/06/2021
The pound is trading at €1.164 against the euro. Britain will lift most of its remaining COVID-19 restrictions on July 19 in what has been dubbed Freedom Day, the government said on Monday - 29/06/2021
UK natural gas prices have opened on the upside this morning. Temperatures will likely rise to above normal values and thunderstorm activity will be lower than this week. A major cool and wet spell remains unlikely to emerge before about mid-July. - 28/06/2021
Power fundamentals are suppressed this morning as wind, solar and coal generation all provide 3% to the stack resulting in forced support from gas fired generation, currently providing 50%. The UK continues to import 9% through the French interconnector. - 28/06/2021
Brent oil has opened sideways this morning, trading at $74.12/bbl. Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles. - 28/06/2021
Carbon prices are trading at €54.85/tCO2. The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors - 28/06/2021
The pound is trading at €1.166 against the euro. The BoE on Thursday kept the size of its stimulus programme at the same level and left its benchmark interest rate at an all-time low of 0.1%. - 28/06/2021
UK natural gas prices have continued to rise this morning. Temperatures will be near or slightly above normal. The week after next could see some drier and warmer weather as there are hints for rising pressure over the continent. Only 1 LNG tanker of the horizon. - 25/06/2021
Power fundamentals have eased since yesterday as wind generation has increased up to 14% releasing some pressure of gas fired generation which provides 39% to the UK mix. Solar is down at 4% and coal generation remains online in this dip in weather. - 25/06/2021
Brent oil is trading at $75.7/bbl which is a upwards movement of 0.30% on track for a fifth consecutive weekly gain, as demand growth is expected to outstrip supply on bets that OPEC+ producers will be cautious in returning more output to the market from August. - 25/06/2021
Carbon prices have risen 0.75% this morning, currently trading at €55.44/tCO2. The potent greenhouse gas methane is spewing out of natural gas infrastructure across the European Union because of leaks and venting. - 25/06/2021
The pound is trading at €1.164 against the euro. The Bank of England said inflation would surpass 3% as Britain's locked-down economy reopens, but the climb further above its 2% target would only be temporary. - 25/06/2021
UK natural gas prices have opened on the front foot this morning. Tomorrow will still see some thunderstorm activity in the south while the weekend will be mostly dry with sunny intervals. Temperatures will rise to slightly above normal. - 24/06/2021
Power fundamentals are weak this morning as wind and solar generation are down suppressed to 6% resulting in support from gas fired turbines which provides 45%. Coal generations remains online at 2% and nuclear is consistent at 14% - 24/06/2021
Brent oil is trading at $75.56/bbl which is an upwards movement of 0.45% since yesterday's close after a bigger-than-expected drawdown in U.S. crude and gasoline stocks confirmed outlook for robust fuel demand. - 24/06/2021
Carbon prices have opened on the up by 0.97% this morning, currently trading at €55.17/tCO2. Britain's lack of policies to meet net zero emissions by 2050 is jeopardising its chance of meeting the target, the country's climate advisers said in a progress report on Thursday. - 24/06/2021
The pound is trading at €1.169 against the euro with investors holding off major bets ahead of a Bank of England policy meeting set to show whether central bankers are worried over Britain's recent jump in inflation. - 24/06/2021
UK natural gas prices have opened on the front foot once again. The weekend and early next week will be sunnier and drier but the second half of the week could see some increasing shower and thunderstorm activity under still warm temperatures. - 23/06/2021
Power fundamentals are weak and wind and solar are both suppressed down to 7% and 4% resulting in a larger support from gas fired turbines. Coal is also online to help the generation at 3%. The UK has continued to import 9% through the French interconnector. - 23/06/2021
Brent oil is trading at $75.21/bbl an upside of 0.53% since yesterday's close. Industry data showed U.S. crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America. - 23/06/2021
Carbon prices have risen 1.56% this morning, currently trading at €54.17/tCO2. Norway's oil and gas is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works. - 23/06/2021
The pound is trading at €1.177 against the euro. May's consumer price inflation came in above the BoE's and other economists' forecasts at 2.1%, the first time it had surpassed the BoE's 2% target since July 2019. - 23/06/2021
UK natural gas prices have risen this morning. Temperatures will be near or slightly above normal. Next week will be warmer and less active at times with mostly above normal temperatures and increasing sunny intervals. There is only 1 LNG tanker for July due to dock today. - 22/06/2021
Power fundamentals are weak this morning as gas fired generation is forced to support the UK mix at 43%. Wind generation has dropped off since yesterday to 14% and solar generation is providing 6% however this will increase throughout the day. Nuclear is stable at 15% - 22/06/2021
Brent oil is trading at $74.83/bbl a sidewards opening compared to yesterday. with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude. - 22/06/2021
Carbon prices have risen by 1.3% since this morning, currently trading at €53.06/tCO2. European carbon is expected to continue rangebound this week- extending its one-month consolidation phase after reaching a record high of €56.90/t on 14 May. - 22/06/2021
The pound is trading at €1.167 against the euro. GBP has been underperforming even the soft euro as the combination of dollar strength, rising daily COVID-19 case numbers and European politics have started to weigh on the forex. - 22/06/2021
UK natural gas prices have opened on the upside this morning. UK temperatures have dipped below seasonal average but is expected to rise back above towards the end on this week. The UK had 2 LNG tankers on the horizon with one docking yesterday afternoon. - 21/06/2021
Power fundamentals are weak this morning despite wind generation providing 17% to the UK stack. Gas fired turbines are providing 40% of the UK's power, solar generation is depleted to 3% due to the current climate. Coal generation has come online at 2%. - 21/06/2021
Brent oil is trading at $73.80/bbl which is an upwards movement of 0.50% since Friday’s close underpinned by strong demand during the summer season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer. - 21/06/2021
Carbon prices have dropped -0.30% this morning, currently trading at €51.90/tCO2. Scientists say the world needs to cut greenhouse gas emissions by at least 45% by 2030 to have any hope of meeting Paris Agreement targets for the middle of the century. - 21/06/2021
The pound is trading at €1.164 against the euro. British retail sales fell 1.4% between April and May as a lifting of lockdown restrictions encouraged spending in restaurants rather than shops. The data did not have clear impact on the pound. - 21/06/2021
Gas prices are moving sideways, with July 21 largely unchanged on yesterday's close - 18/06/2021
Power markets edged lower taking a sentiment from carbon prices. Winter 21 baseload is at present trading £83/MWh whilst the front month contract has lost £1, last trading £75.5/MWh. - 18/06/2021
Brent Crude is trading lower from early hours morning. On Wednesday, Brent reached the highest point since April-19 - 18/06/2021
Carbon is moving sideways since yesterday. However, lower than normal renewable power output combined with sustained tightness in gas market is set to continue to support the EUA price at present - 18/06/2021
Pound Sterling dropped on Friday amid weak retail sales data. It is the biggest weekly loss against dollar within the last 9 months - 18/06/2021
Most of Norwegian flows were re-directed to Europe today, so the UK gas system relies on withdrawal from the storage - 17/06/2021
Power market has opened higher, however the prices edged lower later on within a day, on the back of falling Carbon prices and Brent Crude Prices - 17/06/2021
Brent Crude dropped on yesterday's close, amid information about potential interest rates hike imposed by Fed. However the prices overs at the highest level since April19 anyway - 17/06/2021
Carbon prices are trading lower than yesterday, taking a direction from wider commodity complex and macroeconomic signals that the American Central Bank - Fed is looking to tapper inflation by rising interest rates - 17/06/2021
the pound has been trading higher since early hours this morning , as ONS publish increase in inflation May21. Clothes and rising fuel prices pushed information higher - 17/06/2021
UK natural gas prices have opened on the back foot this morning. Temperatures are set to ease of slightly but remaining firm above season normal averages. The UK has 2 LNG tankers on the horizon, Both coming from Qatar with one docking today. - 16/06/2021
Power fundamentals are stable this morning as wind generations has risen to 15% releasing some pressure on the gas fired turbines. Solar generation is low at 7% but this will rise throughout the day. Nuclear power is contributing 18% to the stack. - 16/06/2021
Brent oil is trading firm at $74.40/bbl an upwards movement of 0.54% since yesterday's close, rising for a fifth consecutive session as sentiment rose on the back of falling inventories and a recovery in demand after the pandemic. - 16/06/2021
Carbon prices have dropped -0.40% this morning, trading at €50.81tCO2. EUAs fell in line with a sell-off in gas- and coal markets and extending losses from Monday after Germany published a list of installations that would receive 129M free allowances annually over 2021-25 - 16/06/2021
The pound is trading at €1.163 against the euro. British inflation unexpectedly jumped above the Bank of England's 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after its coronavirus lockdowns. - 16/06/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to remain above seasonal normal for the next few days before seeing a drop towards the end of the week. The UK is set to receive two LNG tankers today which will support the system. - 15/06/2021
Power fundamentals are weak this morning as wind generation drops off to 3% this morning forcing support from gas fired turbines which contributes 40% to the stack. Solar generation is stable at 10% and we continue to see high imports from the French interconnectors - 15/06/2021
Brent oil is trading at $73.25/bbl a upwards movement of 0.54% since yesterday's close Hedge funds boosted their position in petroleum last week to pre-pandemic levels, encouraged by signs of a rapidly recovering global economy. - 15/06/2021
Carbon prices have dropped -1.70%, currently trading at €51.91/tCO2. Norwegian climate activists have asked the European Court of Human Rights (ECHR) to rule against Norway's plans for more oil drilling in the Arctic , arguing the country's exploration deprives young people of their future. - 15/06/2021
The pound is trading at €1.162 against the euro. Boris Johnson delayed his plans to lift most remaining COVID-19 restrictions by a month, warning that thousands more people might die if he did nothing because of the rapid spread of the more infectious Delta variant. - 15/06/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to remain high for the first half of this week with temperatures remains above seasonal normal. There is three LNG tankers on the horizon to the UK with 2 expected to dock tomorrow. - 14/06/2021
Power fundamentals are firm this morning as wind generation provides 23% to the UK stack releasing pressure from gas fired turbines which is at 26%. Solar generation is strong at 10% and is expected to rise throughout the day. 8% is still coming through the interconnectors. - 14/06/2021
Brent oil is trading at $73.34/bbl which is an upside of 0.91% since Friday's close extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply. - 14/06/2021
Carbon prices have risen by 1.7% this morning, currently trading at €53.71/tCO2 energy giants continue to have appetite for investing in competitive oil and gas projects despite growing government, investor and activist pressure on the sector to tackle greenhouse gas emissions. - 14/06/2021
The pound is trading at €1.163 against the euro UK GDP data release on Friday, while strong, did not quite meet market expectations. Also, reports that the re-opening of the economy could be delayed beyond June 21 should limit enthusiasm for GBP versus the euro. - 14/06/2021
UK natural gas prices have opened on the front foot this morning. The weekend and the first two days of the next week will be mostly sunny and dry with above normal temperatures. The north and east will be initially cloudy with light rain or showers. - 11/06/2021
Power fundamentals are strong this morning as wind generation has ramped up to 28% taking over from gas fired generation which is suppressed down to 25%. Solar generation is providing 5% and is expected to rise throughout the day. - 11/06/2021
Brent oil is trading firm at $72.60 an upwards movement on 0.30% this morning. Oil prices are set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. - 11/06/2021
Carbon prices have dropped 0.40% this morning, currently trading at €53.50.tCO2. China will no longer give subsidies for new solar power stations, distributed solar projects by commercial users, or onshore wind projects from the central government budget in 2021. - 11/06/2021
The pound is trading at €1.163 against the euro. Sterling reversed earlier losses to rise versus the dollar and euro on Thursday after data showed U.S. consumer prices climbed while the European Central Bank maintained an elevated flow of stimulus as expected. - 11/06/2021
UK natural gas prices have opened on the front foot this morning. Tomorrow, the weekend and early next week will be mostly sunny, dry and warm with above normal temperatures and low thunderstorm activity. There are currently 4 LNG tankers on the horizon for the UK. - 10/06/2021
Power fundamentals are supported this morning as wind generation has picked up to 16% easing the gas fired turbine generation which only contributes 34%. Solar generation is only providing 5% however this is expected to rise throughout the day. - 10/06/2021
Brent oil is trading at $71.83/bbl a downwards movement of -0.54% since yesterday's close as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand. - 10/06/2021
Carbon prices has opened sideways this morning, currently trading at €53.26/tCO2. Carbon could take some direction from global equity markets if the release of US inflation data today deviates from the upfront expectations. - 10/06/2021
The pound is trading at €1.158 against the euro as Britain and the European Union failed to agree on solutions to post-Brexit trade problems in Northern Ireland and exchanged threats in a standoff that could claim the G7 international summit. - 10/06/2021
UK natural gas prices have opened on the front foot this morning. Friday and the weekend will be sunny, dry and warm with above normal temperatures and weak winds. Next week will also be rather warm but showers and thunderstorms. The UK is expecting a tanker from Russia. - 09/06/2021
Power fundamentals are stronger this morning as wind and solar generation are neck and neck at 11% releasing pressure from gas fired turbines which contribute 34%. Nuclear remains firm at 19% and the UK continues to import around 7% through the French interconnector. - 09/06/2021
Brent oil is trading at $72.47/bbl an upwards movement of 0.35% since yesterday's close. Signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted. - 09/06/2021
Carbon prices have opened by 2% this morning, currently trading at €53.40/tCo2. Global solar power developers are slowing down project installations because of a surge in costs for components, labor, and freight as the world economy bounces back from the coronavirus pandemic - 09/06/2021
The pound is trading at €1.161 against the euro with no significant data releases on the economic calendar leaving analysts focused on the British government's forthcoming decision on fully reopening the economy. - 09/06/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will remain above normal. This rather warm but partially unsettled weather will likely also dominate in the week after next week. Major cooler than normal spells are not likely before June 20. - 08/06/2021
Power fundamentals have opened stronger this morning as solar generation provides 10% of the UK mix with wind generation following suit at 7%. Nuclear power remains firm at 19% resulting in suppressed gas fired generation which contributes 40%. - 08/06/2021
Brent oil is trading at $70.94/bbl which is a downwards movement of -0.80% since yesterday's close. OPEC and its allies expect oil inventories to fall further in the coming months, OPEC's secretary general said, suggesting efforts by the producers to support the market are succeeding. - 08/06/2021
Carbon prices have risen by 1.8% this morning, currently trading at €52.29/tCO2 Trading in European emission allowances on the Intercontinental Exchange (ICE) ICE.N was briefly suspended due to technical issues on Monday. - 08/06/2021
The pound is trading at €1.161 against the euro. This week's ECB meeting, and Fed and BoE gatherings later this month will set expectations for taper and, eventually, rate moves, which may have significant consequences for GBP bulls. - 08/06/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be slightly above normal. The second half of the week will be drier and sunnier in the south too, Temperatures will remain above normal with weak winds. There are 5 Tankers on the horizon. - 07/06/2021
Power fundamentals are weak this morning as wind and solar generation has dropped off to 7% and 6% forcing gas fired generation to support the generation mix at 50%. Nuclear power is firm at 19%. The UK is still importing 9% through the French interconnector. - 07/06/2021
Brent oil is trading at $71.44/bbl which is a downwards movement of 0.63% since Friday's close. After hitting fresh multi-year high, investors awaited the outcome of this week's talks between Iran and world powers over a nuclear deal that is expected to boost crude supplies. - 07/06/2021
Carbon prices have opened sideways this morning, currently trading at €49.90/tCO2. Some support could come from the updated weather forecast with slightly less wind and warmer weather on the Iberian Peninsula could increase cooling demand. - 07/06/2021
The pound is trading at €1.162 against the euro. Sterling has been among the top-performing G10 currencies this year, at one point in the lead, as bets for a quick reopening of Britain's economy on the back of the country's vaccination programme. - 07/06/2021
UK natural gas prices are bearish this morning. Temperatures will be slightly above normal. The second half of the next week could see some less active and moderately warm days. A return of cool and wet weather remains unlikely before June 15. There are 5 tankers on the horizon - 04/06/2021
Power fundamentals are weak this morning as solar and wind generation are suppressed down to 8% resulting in support from gas fired turbines which contributes 43%. Nuclear generation slowly continues to rise, currently providing 18% of UK stack. - 04/06/2021
Brent oil is trading firm at $71.70/bbl, an upside of 0.52% since yesterday's close as concerns about the patchy roll-out of COVID-19 vaccinations around the globe tempered optimism over recovering fuel demand. - 04/06/2021
Carbon prices have dropped by 1% this morning, currently trading at €49.74/tCO2. The European Union plans to impose carbon emission costs on imports of goods including steel, cement and electricity, according to a draft document seen by Reuters. - 04/06/2021
The pound is trading at €1.165 against the euro. Signals from Government that all Covid-19 restrictions will be lifted on June 21 as originally planned with report indicating it would be of little lasting consequence to the currency. - 04/06/2021
UK natural gas prices have opened on the front foot this morning. Tomorrow and the weekend will be cloudy with showers and thunderstorms especially in the afternoon hours. Temperatures will be near or slightly above normal. There are only 3 LNG tankers on the horizon. - 03/06/2021
Power fundamentals are weak this morning as wind generation has eased off to 12% forcing gas fired generation to support the UK stack at 44%. Solar generation is also down to 6%. The UK remains to import 9% though the French interconnector. Nuclear power is strong at 18% - 03/06/2021
Brent oil is trading at $71.60/bbl a bullish movement of 0.35% since yesterday's close on expectations of a surge in fuel demand later this year, particularly in the United States and Europe and China, at the same time major producers are maintaining supply discipline. - 03/06/2021
Carbon prices have opened on the upside by 1.90% this morning, currently trading at €52.29/tCO2. The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday - 03/06/2021
The GBP / EURO is trading at €1.161 against the euro. Investors weighed the possibility that a COVID variant, first found in India, could delay the final phase of reopening in Britain on June 21. - 03/06/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will be above normal albeit slowly decreasing towards the weekend. Next week will continue with the slightly unsettled and warm weather with some shower and thunderstorm activity. - 02/06/2021
Power fundamentals open strong this morning as wind generation provides 16% to the mix. Solar generation provides 10% but is expected to rise throughout the day, this has released some pressure on gas fired turbines which contributes 38%. Biomass is down at 6%. - 02/06/2021
Brent oil is trading at $70.49/bbl which is an upside of 0.31% since yesterday's close after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a robust recovery in demand in the United States and China. - 02/06/2021
Carbon prices have dropped -0.76% this morning, currently trading at €51.41/tCO2. The IEA issued a warning to the energy industry last month, saying investors should not fund new oil, gas and coal projects if the world wants to reach net zero emissions by mid-century. - 02/06/2021
The sterling is trading at €1.158 against the euro as investors took some profit off the table and turned more cautious amid fears around the spread of COVID variants in Britain. - 02/06/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will remain above normal, the east could see some cooler days with near normal temperatures while the west will remain warm. There are only 2 LNG tankers scheduled for the UK. - 01/06/2021
Power fundamentals are weak this morning as wind and solar generation both provide 9% to the stack forcing gas fired turbines to support at 43%. Solar generation is expected to pick up throughout the day. We continue to import 7% through the French interconnector. - 01/06/2021
Brent oil is trading at $70.60/bbl which is an upwards movement of +2.83% since Friday's close. Indian refiners' daily gasoline sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of COVID-19 hit industrial activities and consumption - 01/06/2021
Carbon prices have risen by +2.67% this morning, currently trading at €43.02/tCO2. Loopholes in China's green financing rules could allow big state-owned firms to use proceeds from carbon-neutral bonds to fund day-to-day operations including coal-fired power plants - 01/06/2021
The pound is trading at €1.162 against the euro. Holding firm after a Bank of England policymaker said the central bank was likely to raise rates well into next year and set for five consecutive weekly gains versus the single currency. - 01/06/2021
UK natural gas prices have opened bearish this morning. The weekend and the first half of the next week will be mostly sunny, dry and warm in the UK and western Central Europe. There are currently 6 LNG tankers on the horizon for the UK. - 28/05/2021
Power fundamentals are weak this morning as wind generation has dropped off 2% resulting in support from gas fired generation at 52%. Solar generation is contributing 6% and is expected to rise throughout the day. Coal generation remains offline. - 28/05/2021
Brent oil is trading at $69.38/bbl which is a sideways opening since yesterday's close. U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply. - 28/05/2021
Carbon prices have risen 0.25%, currently trading at €51.47/tCO2. Prime Minister and Business and Energy Secretary will urge the millions of small businesses across the UK to lead the way on climate action as part of the UK's drive to net zero - 28/05/2021
The pound is trading at €1.164 against the euro. Having a short term rally yesterday on the back of Bank of England member Vlieghe’s comment that rates could rise as soon as the first half of next year if the job market recovers faster than expected. - 28/05/2021
UK natural gas prices have opened on the front foot this morning. The weekend and next week will be mostly dry and warm with near or slightly above normal temperatures. The UK is expecting 3 LNG arrivals this week with one due to dock today at South Hook. - 26/05/2021
Power fundamentals are weak as gas fired is dominating the power mix at 44% as wind generation has dropped off to 14%. Solar generation is firm at 6% and is expected to rise throughout the day. The UK is still importing 9% through the French interconnector. - 26/05/2021
Brent oil is trading at $69.09/bbl an upside of 0.61% since yesterday's close. The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days - 26/05/2021
Carbon prices have opened on the upside this morning, currently trading at €53.83/tCO2 Countries around the world raised $53 billion last year by charging firms for emitting carbon dioxide (CO2), up almost 18% from 2019 as some imposed new levies and prices. - 26/05/2021
The pound is trading at €1.155 against the euro falling to its lowest against the euro since May 10 on Tuesday, as a lack of positive drivers for the British currency put the focus elsewhere for currency traders. - 26/05/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will remain below normal. Friday and the weekend will see increasing sunny intervals with neck week seeing moderately warm weather with near or even slightly above normal temperatures. - 25/05/2021
Power fundamentals are supported by wind generation this morning as is contributes 22% of the UK mix. Gas fired generation remains in the lead at 33%. Solar generation is providing 6% as coal remains offline. The UK is import 9% through the French interconnector. - 25/05/2021
Brent oil is trading at $68.24.bbl a downwards movement of -0.32% since yesterday's close, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. - 25/05/2021
Carbon prices have risen 0.83% this morning, currently trading at €53.15/tCO2. The UK is falling behind the rest of Europe when it comes to developing a new green steel sector, a report has warned. - 25/05/2021
The pound has dropped to €1.158 against the euro. Bank of England Governor, in an annual report to parliament's Treasury Committee, said he does not see long-term implications from an expected pick-up in inflation as the economy emerges from the coronavirus pandemic. - 25/05/2021
UK natural gas prices have opened on the back foot this morning. The latest long term temperature forecast is colder for the near term but slightly warmer further out. Norwegian imports remain subdued due to heavy maintenance. There are only 4 LNG tankers left or May-21 - 24/05/2021
Power fundamentals are weak this morning as gas fired generations dominates the power stack at 42%. Wind generation and nuclear generation is firm at 15%. Solar is contributing 6% however this is expected to rise throughout the day. - 24/05/2021
Brent oil is trading at $67.46/bbl which is an upside of 1.52% since Friday's close as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply. Goldman Sachs said the case for higher prices remains intact even with increased Iran exports. - 24/05/2021
Carbon prices have dropped -0.80% this morning, currently trading at €51.24/tCO2 EU leaders meet on Tuesday to debate how to split the efforts/costs of the bloc's shift to a low-carbon future, They will set the tone for an upcoming revamp of EU climate change policies. - 24/05/2021
The pound is trading at €1.161 against the euro. British inflation more than doubled in April, the start of a likely climb in prices this year as rich economies recover from pandemic lockdowns, but one that the Bank of England hopes will prove temporary. - 24/05/2021
UK natural gas prices have opened on the front foot this morning. The UK and northern Central Europe will be windy. Towards the end of the next week and beyond, some warmer and more near normal days are possible. The UK is expecting one LNG arrival today. - 21/05/2021
Power fundamentals strong this morning as wind generation has ramped up to 38% and will continue to see these highs over the weekend. This has eased gas fired turbines to 29%. The totals renewables mix is firm at 45%. Coal remains offline and solar is online at 3% - 21/05/2021
Brent oil is trading at $64.93/bbl a downwards movement of -0.30% since yesterday's close. OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. - 21/05/2021
Carbon prices have risen by 0.91% this morning, currently trading at €53.13/tCO2. Under increasing pressure to cut carbon emissions and lay out sustainability plans, firms need carbon credits to offset emissions they are unable to remove from their operations. - 21/05/2021
The pound is trading at €1.162 against the euro increasing back above €1.16 mark after better-than-expected retail sales data kept investors upbeat about the prospects for the United Kingdom's economic recovery. - 21/05/2021
UK natural gas prices have opened on the front foot this morning. Next week will see a brief warmer period in the south while otherwise below normal temperatures will prevail. Tomorrow and the weekend will also be windier than normal. - 20/05/2021
Power fundamentals remain weakened however wind generation has ramped up to 16% releasing some pressure on gas fired turbines which currently contributes 48% to the UK stack. Coal generation has gone offline today and solar is down to 3% but is expecting to rise - 20/05/2021
Brent oil is trading at $66.92/bbl an upside of 0.40% since yesterday's close Indian refiners and at least one European refiner are re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that U.S. sanctions will be lifted. - 20/05/2021
Carbon prices have risen by 3.25% this morning, currently trading at €51.34/tCo2 Britain's Emissions Trading System (ETS) kicked off on Wednesday as the UK strives to eliminate net emissions by 2050, making the cost of polluting in Britain higher than in the EU. - 20/05/2021
The pound is trading at €1.158 against the euro, dropped today in value after the UK’s inflation was more than doubled in April-21, looking set to rise above the Bank of England’s (BoE) target of 2% - 20/05/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will remain below normal and wind speeds will be high for this time of the year. There are only 2 LNG tankers scheduled for the mainland with one due to dock this Friday. - 19/05/2021
Power fundamentals are weak this morning as gas fired turbines provide 53% of the UK stack. Wind and coal generation are low at 2% however solar generation is firm at 8% and is expected to rise throughout the day. The UK is still importing 7% through the French interconnector. - 19/05/2021
Brent oil is trading at $68.11/bbl a downwards movement of 0.87% since yesterday's close, falling for a second day as renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates. - 19/05/2021
Carbon prices have dropped -2% this morning, currently trading at €52.80/tCO2. Tightening carbon trading scheme will force biggest polluters to clean up act, tougher terms to match Britain's lofty climate goals will mean heavy industries pay more for emissions. - 19/05/2021
The pound is trading at €1.160 against the euro. UK inflation rose by a greater margin than analysts expected but the rise was by no means surprising enough to warrant a dive in price. - 19/05/2021
UK natural gas prices have opened on the back foot once again despite temperatures remaining well below normal with daytime highs below 20 degrees and chilly nights. After the 2 LNG arrivals over the few few days the outlook only has 2 tankers of the horizon. - 18/05/2021
Power fundamentals are weak this morning as gas fired generation is forced to support the UK stack at 52% as wind and coal generation only provide 3% to the system. Solar generation has ramped up to 8% however this is short lived. 7% is still being imported from France - 18/05/2021
Brent oil is trading at $69.96.bbl an upside of 0.70% since yesterday's close The top U.S. fuel pipeline operator said its lines were fully operational on Monday, but it will take some time for supplies to recover fully from a cyberattack that left thousands of gas stations without fuel. - 18/05/2021
Carbon prices has dropped 0.25% this morning, currently trading at €56.09/tCO2. President Joe Biden wants to decarbonize the U.S. economy by 2050 and achieve a 100% clean electricity grid by 2035. Proponents of switching buildings to run on electricity - 18/05/2021
The pound is currently trading at €1.163 against the euro. Britain took a big step towards reopening its economy, lifting a number of social restrictions imposed to combat COVID-19. - 18/05/2021
UK natural gas prices have opened on the back foot this morning. The UK is expecting cooler temperatures forecast for most of the remainder of May. The fact that we are withdrawing from storage at a time when injection is usually seen is likely to be concerning participant. - 17/05/2021
Power fundamentals are weak as gas fired generation is support the UK stack at 52%. Wing and solar generation are down and neck and neck at 5%. Biomass has also pulled back to 7%. Coal generation has come online and we are importing 7% through France. - 17/05/2021
Brent oil is trading at $68.50/bbl a sidewards movement since Friday's close. China's crude oil throughput rose 7.5% in April from the same month a year ago, but remained off the peak seen in the last quarter of 2020 as several refineries carried out maintenance. - 17/05/2021
Carbon prices have dropped by -1.33% this morning, currently trading at €55.82/tCo2 The European Commission - aiming to reach net-zero greenhouse gas emissions by 2050 has planned to omit gas-fuelled plants from a new list of investments that can be marketed as sustainable. - 17/05/2021
The pound is trading at €1.161 against the euro. Britain will adapt its vaccine rollout to protect people more quickly in areas where a coronavirus variant first detected in India has emerged, the vaccine minister said on Friday. - 17/05/2021
UK natural gas prices have opened on the upside this morning. The latest weather runs are predicting an extension to the cooler temperatures we are seeing into the upcoming week with reports suggesting we won't return to seasonal normal until the end of the May-21. - 14/05/2021
Power fundamentals are weak as gas fired generation is forced to support the UK mix at 50%. Solar and biomass generation are both neck and neck at 9% and solar generation has gone offline. We continue to import 6% through the French interconnector. - 14/05/2021
Brent oil is trading at $67.10/bbl. U.S. President Joe Biden on Thursday reassured U.S. motorists that fuel supplies should start returning to normal this weekend, even as more filling stations ran out of gasoline across the Southeast nearly a week after a cyber attack. - 14/05/2021
Carbon prices have jumped up by 1.97% since yesterday's close, currently trading at €55/20/tCO2. Europe faces the prospect of higher electricity bills and a supply crunch, as utilities struggle to finance new gas-fired power plants unless they meet tougher emissions criteria. - 14/05/2021
The pound is trading at €1.161 against the euro which is 1,50% up since Monday and the question starting to arise in FX commentary circles is whether a break of the 2021 highs. - 14/05/2021
UK natural gas prices have opened on the front foot this morning. A key supporting factor is a revision of temperatures to show the rest of May likely to see below average temperatures. There are 3 LNG tankers scheduled for the UK with one due to dock the mainland today. - 13/05/2021
Power fundamentals are weak as gas fired generation dominate the power mix at 52% as wind generation has dropped off to 5% and coal and solar generation are neck and neck at 3%. We are currently importing 9% through the France interconnectors. - 13/05/2021
Brent oil is trading at $68.31/bbl a downwards movement of -1.50% since yesterday's close pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world's third-biggest importer of crude tempered a rally driven by IEA and OPEC predictions. - 13/05/2021
Carbon prices have dropped -1.63% this morning, currently trading at €54.34/tCO2. The amount of permits in circulation in Europe's carbon market increased last year, as the COVID-19 pandemic caused emissions covered by the scheme to drop. - 13/05/2021
The pound is trading at €1.163 against the euro Britain's economy grew by a stronger-than-expected 2.1% in March from February, gathering speed for what is expected to be a sharp bounce-back this year after its deep coronavirus slump of 2020. - 13/05/2021
UK natural gas prices have opened on the upside this morning. Temperatures will be near or slightly below normal. Next week will continue with the unsettled and cool situation and precipitation activity could increase again. There are 3 LNG tankers on the horizon - 12/05/2021
Power fundamentals are weak this morning and wind and solar generation has dropped off to 8% and 7% resulting in strong support from gas fired generation which provides 48%. Coal generation has come back online to help support as well as hydro generation. - 12/05/2021
Brent oil is trading at $69.22/bbl which is an upside of +0.98% since yesterday's close. Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of the biggest U.S. fuel pipeline by hackers extended into a fifth day. - 12/05/2021
Carbon prices have risen by +1.27% this morning, currently trading at €53.59/tCO2. the UK’s “free” certificate allowance for this year has been reduced by 30%. This should feed into the power and gas prices. - 12/05/2021
The pound si trading at €1.165 against the euro. Analysts say the results of the Scottish election - in which the Scottish National Party did not secure an outright majority - was a relief for the currency. - 12/05/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will be near or slightly below normal with near or above normal rain. Wind speeds will be moderate but some windier days next week. Warm and dry weather is not likely before May 25. - 11/05/2021
Power fundamentals are weak this morning as wind generation has dropped of to 13% resulting in gas fired generation forced to support the UK mix at 46%. Solar generation is at 5% and is expected to rise throughout the day. Coal generation has gone back offline for now. - 11/05/2021
Brent oil is trading at $67.81/bbl a downwards movement of 0.80% since yesterday's close. The biggest U.S. gasoline pipeline will not resume full operations for several more days due to a ransomware cyber attack blamed on a shadowy criminal network called DarkSide. - 11/05/2021
Carbon prices have dropped by 0.90% this morning, currently trading at €51.49/tCO2.Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, a report by the International Energy Agency (IEA) - 11/05/2021
The pound is trading at €1.163 against the euro fuelled by a mix of dollar weakness, improved economic forecasts, lockdown easing measures, and market relief about the outcome of the Scottish election. - 11/05/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near or slightly below normal. The weekend could see more widespread and intense rain. There are 5 LNG tanker scheduled to arrive for May-21 which one due to dock today. - 10/05/2021
Power fundamentals are strong this morning as wind generation hold the power mix at 33% resulting in a suppressed demand for gas fired generation which contributes 25%. Coal and solar generation are offline and nuclear generation has ramped up to 20%. - 10/05/2021
Brent oil is trading at $68.71/bbl an upside of 0.59% since Friday's close The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware attack that forced the company to shut a critical fuel network. - 10/05/2021
Carbon prices has jumped 3.40% this morning, currently trading at €51.83/tCO2. Carbon emissions from use of fossil fuels fell across the Europe last year, the bloc's statistics office estimated, citing COVID-19 restrictions that shut down travel and factories across the region. - 10/05/2021
The pound is trading at €1.158 against the euro. Sterling was a touch higher versus the dollar and steadied against the euro on Friday but was on track for weekly gains against both as traders watched for British election results. - 10/05/2021
UK natural gas prices have opened on the back foot this morning. The weekend will be warm and dry over the continent and especially Sunday will see well above normal temperatures. The UK is expected 2 LNG arrivals on Saturday from the US and Qatar. - 07/05/2021
Power fundamentals are weak gas fired generation remains to support the overall stack at 50%. Total renewables mix at 24% because biomass and solar generation are neck and neck at 8% soon followed by wind at 6%. Coal continues to climb, currently contributing 4%. - 07/05/2021
Brent oil is trading at $68.28/bbl an upwards movement of 0.30% since yesterday's close. China's crude oil imports in April fell 0.2% YoY as refiners curbed production to relieve a squeeze in profit margins brought about by rising crude oil prices and bulging inventories. - 07/05/2021
Carbon prices have opened sideways this morning, currently trading at €49.51/tCO2. EU Allowances (EUAs) are expected to average 39.24 euros a tonne in 2021 and 46.24 euros in 2022, according to a Reuters survey of eight analysts. That is up 3.6% and 11.1% respectively - 07/05/2021
The pound is trading at €1.153 against the euro. Scotland's leader, Nicola Sturgeon, has described the election as the most important in the country's history. The outcome could ultimately put Scotland on the path towards breaking its 314-year union with England. - 07/05/2021
UK natural gas prices have opened on the front foot once again. The UK will be generally more unsettled and less warm. Next week will be again unsettled and cooler with near or below normal temperatures. There are 4 LNG tankers scheduled to arrival in early May. - 06/05/2021
Power fundamentals are weak as wind generation drops of to 9% resulting is gas fired generation forced to support the UK mix at 53%. Biomass and solar generation are neck and neck at 6% however similar to yesterday, coal generation is online and has risen up to 2% - 06/05/2021
Brent oil is trading at $69.20/bbl an upwards movement of 0.45% since yesterday's close, recouping early losses, as crude stockpiles in the United States, the world's largest oil consumer, fell more sharply than expected as refining output rose and exports surged. - 06/05/2021
Carbon prices have risen 0.20% this morning, currently trading at €49.38/tCO2 - 06/05/2021
The pound is trading at €1.156 against the euro. Britain is sending two navy patrol boats to the Island of Jersey after France suggested it could cut power supplies to the island if its fishermen are not granted full access to UK fishing waters under post-Brexit trading terms. - 06/05/2021
UK natural gas prices has opened have opened on the front foot this morning. Demand remains just shy of 15% above seasonal normal due to colder than average temperatures for the time of year. The colder temperatures are expected to last until the weekend. - 05/05/2021
Power fundamentals are firm this morning as wind generation is remains strong at 21% however gas fired generation is supporting the UK mix at 40%. Solar generation is contributing 8% and is expected to rise. Coal generation has come back online at 1%. - 05/05/2021
Brent oil is trading at $69.65/bbl an upside of +1.15% since yesterday's close after industry data indicated U.S. crude inventories fell much more than expected last week, reinforcing bullish views on fuel demand in the world's largest economy. - 05/05/2021
Carbon prices have risen +0.48% this morning, currently trading at €48.86/tCO2 after hitting a resistance level of €50/tCO2 prices have rejected off slightly. - 05/05/2021
The pound is trading at €1.159 against the euro. The Scottish National Party (SNP) is expected to win a majority in Scottish parliament, which some see as a risk for Britain. - 05/05/2021
UK natural gas prices have opened on the front foot this morning. The weekend will bring a warmer spell with sunny intervals and above normal temperatures however the week will remain cloudy with frequent rain or showers. There is one LNG arrival today. - 04/05/2021
Power fundamentals are strong this morning as wind generation dominates the power mix at 42% resulting in a suppressed demand for gas fired turbines which contributes only 25%. Solar generation is providing 4% and is expected to rise throughout the day. - 04/05/2021
Brent oil is trading at $67.57/bbl. Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks. - 04/05/2021
Carbon prices have risen by +1.20% this morning, currently trading at €49.96/tCO2. The $550 million Crimson Solar Project will be sited on 2,000 acres of federal land west of Blythe that will be capable of powering nearly 90,000 homes. - 04/05/2021
The pound is trading at €1.154 against the euro. The UK Prime Minister said this Monday that the government will be able to go ahead with further restriction loosening and dispense with the one metre-plus social distancing rule on June 21. - 04/05/2021
UK natural gas prices have opened positive this morning. Temperatures will be below normal again. Monday will be quite calm but Tuesday and Wednesday will be unsettled. Large maintenance at NCS is scheduled from 5 May when Åsgard will be shut down until 24 June. - 30/04/2021
Power fundamentals are weak this morning as wind generation drops of 4% resulting in support for gas fired generation which contributes 56% of the UK mix. Solar is providing 5% and is expected to rise however coal generation has come back online to help balance the system. - 30/04/2021
Brent oil is trading at $66.26/bbl a downwards movement of -0.45% since yesterday's close as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery. - 30/04/2021
Carbon prices have opened 0.48% this morning, currently trading at €47.94/tCO2 - 30/04/2021
The pound is trading at €1.1503 against the euro. Investors are watching political developments in Britain, as Prime Minister Boris Johnson is under pressure from a series of accusations about how he responded to the COVID-19 pandemic - 30/04/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will remain mostly below normal. The second half of the next week will likely be warmer in southern Central Europe. There are currently 4 LNG scheduled to dock the UK for May-21. - 29/04/2021
Power fundamentals are less weak as wind generation provides 15% of the UK mix relieving some pressure of gas fired turbines which is contributing 46%. Solar generation is strong at 7% and is expected to rise throughout the day. Coal also remains offline. - 29/04/2021
Brent oil is trading firm at $67.62/bbl an upside of +0.50% since yesterday's close as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil. - 29/04/2021
Carbon prices have opened +0.63% this morning, currently trading at €47.49/tCO2.U.S. Senate approved a measure to restore regulation of emissions of methane, a potent greenhouse gas, Majority Leader Chuck Schumer called a big deal in fighting climate change. - 29/04/2021
The pound is trading at €1.153 against the euro, trading in a sideways pattern against the euro for the past couple of weeks driven largely by impact of Britain's gradual reopening of its economy. - 29/04/2021
UK natural gas prices have opened on the front foot this morning. British wholesale gas prices rose sharply after zero capacity was allocated in a closely-watched auction for additional transit capacity through Ukraine, removing the prospect of higher Russian gas supplies. - 28/04/2021
Power fundamentals are supported this morning as wind generation has ramped up to 21% resulting is a suppressed need to gas fired generation which contributes 46% to the UK. Coal generation has gone back offline and solar generation is at 4% which is expected to rise. - 28/04/2021
Brent oil is trading at $66.39/bbl an sideways opening this morning. OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases. - 28/04/2021
Carbon prices have opened on the upside by 1.2% this morning, currently trading at €47.86/tCO2 $8.25 billion in loans for companies to boost the power grid as part of the Biden administration's goal to set the country on a path to 100% clean energy by 2035. - 28/04/2021
The pound is trading at €1.149 against the euro, lacking momentum as investors waited for more concrete signs of the impact of the UK's latest lockdown easing measures, while political developments presented only a limited downside risk. - 28/04/2021
UK natural gas prices have opened on the front foot this morning. Towards the end of the next week, a potential change in the general weather pattern towards a warmer. There are currently 4 LNG tankers scheduled to come to the UK in the next 2 weeks. - 27/04/2021
Power fundamentals remain weak with gas fired generation support the mix at 52%. Wind generation and biomass generation are neck and neck at 8% and solar generation is contributing 5% and is expected to rise throughout the day. - 27/04/2021
Brent oil is trading at $66.16/bbl an upwards movement of 0.67%. BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to resume share buybacks. - 27/04/2021
Carbon prices have dropped -0.25% this morning, currently trading at €46.67/tCO2. U.S. utilities and green groups for a national clean energy mandate are backing efforts to require the U.S. grid to get 80% of its power from emissions-free sources by 2030. - 27/04/2021
The pound is trading at €1.150 against the euro. British Prime Minister Boris Johnson on Monday denied a newspaper report that he had said he would rather bodies piled high in their thousands than order a third COVID-19 lockdown. - 27/04/2021
UK natural gas prices have opened on the back foot this morning. Temperatures will remain low and below normal. Next week will continue with the unsettled and still cool weather. There is only 1 LNG tanker left to arrive for April-21 - 26/04/2021
Power fundamentals are weak once again as gas fried turbines are forced to support the system at 52%. Wind and solar generation are at 8% and 6%. Further support of 5% is also coming through the France interconnector - 26/04/2021
Brent oil is trading at $65.43/bbl a downwards movement of 1% since Friday's close on fears that surging COVID-19 cases in India will dent fuel demand and investors adjusted positions ahead of a planned increase in OPEC+ output from May. - 26/04/2021
Carbon prices have risen 1.2% this morning, currently trading at €47.51/TCO2. The UK has increased the emissions target previously set to 78% reductions of 1990 greenhouse gas levels. This is an increase of ten percent with a deadline of 2035. - 26/04/2021
The pound is trading at €1.151 against the euro after strong retail sales data and business surveys showed Britain's economy might already be recovering from its worst annual contraction in 300 years. - 26/04/2021
UK natural gas prices have opened on the back foot this morning. Weather models are confident of cooler temperatures until the end of April, while warmth is anticipated for the start of May. The UK is expecting 1 LNG tanker today due to dock at the Isle of Grain. - 23/04/2021
Power fundamentals remain weakened as gas fired generation is forced to support the mix at 55%. Wind generation is contributes to 3% however solar generation and biomass generation are neck and neck at 6%. We are currently importing 6% through the France interconnector. - 23/04/2021
Brent oil is trading at $65.82/bbl an upside of 0.64% since yesterday's close. U.S. assets and personnel overseas could be at risk if the country decided to pass a bill against OPEC, known as NOPEC, The Organization of the Petroleum Exporting Countries told member states. - 23/04/2021
Carbon prices have dropped -0.79% this morning, currently trading at €46.68/tCO2. Joe Biden's climate summit will turn to the issue of technology on Friday, featuring remarks from entrepreneurs Bill Gates and Michael Bloomberg, sought to rally world ambition to reduce global warming. - 23/04/2021
The GBP/EURO is trading at €1.152 The European markets made further progress as the European Central Bank said there were “clear signs of improvement” in the Eurozone economy. - 23/04/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near normal in the UK for the foreseeable. The UK is only expecting 3 LNG tankers for the rest of the month after the 2 arrivals the docked the mainland yesterday. - 22/04/2021
Power fundamentals remain weakened as gas fired generation dominates the UK mix at 53%. Solar generation has ramped up this morning to 8% however wind generation remains low at 5%. Coal remains offline for now and biomass has increased to 10% - 22/04/2021
Brent oil is trading at $64.89/bbl a downwards movements of 0.67% since yesterday's close as a surprise build-up in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan fuelled fears that a recovery in global economy and fuel demand may be stalled. - 22/04/2021
Carbon prices have rose by 0.83% this morning, currently trading at €46.70/tCO2. The White House is still putting the finishing touches on its plan to cut U.S. greenhouse gas emissions by 2030, ahead of a summit this week with world leaders including Russia's Vladimir Putin. - 22/04/2021
The pound is trading at €1.156 against the euro. The European Central bank will meet today and are expected to announce no change to the interest rates. This will be followed by the usual press conference at 1.30pm. - 22/04/2021
UK natural gas prices have opened on the front foot this morning. Cooler temperatures are expected to remain until the end of the month, where we should move above seasonal normal levels around the 3rd of May. The UK is expecting 2 LNG arrivals today. - 21/04/2021
Power fundamentals remained weakened as gas fired generation still dominates the power mix at 50%. Wind generation has ramped up this morning to 18% meaning coal can go offline. Solar generation is firm at 5% and is expected to rise throughout the day. - 21/04/2021
Brent oil is trading at $66.44/bbl a downwards movement of -0.20% since yesterday's close. Major oil trading companies are stowing diesel and jet fuel on newly built supertankers in Asia and Africa in anticipation of COVID-19 vaccinations driving prices higher in the months ahead - 21/04/2021
Carbon prices have risen 0.50% this morning, currently trading at €45.04/tCo2. The European Union clinched a deal in the early hours of Wednesday on a climate change law that commits the bloc to more than halving its net greenhouse gas emissions by the end of the decade. - 21/04/2021
The pound is trading at €1.160 against the euro. The UK is gradually reopening supported by fast vaccinations, which, combined with businesses getting used to the new EU-UK trading relationship, means that the outlook for the UK economy looks much brighter. - 21/04/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to rise above seasonal average today however this is temporary. After the high LNG imports to the UK we are only expecting 5 tankers for the rest of the month with 1 scheduled for today. - 20/04/2021
Power fundamentals are weak this morning as wind generation has dropped off to 1% resulting in a spike in gas fired generation which is holding the UK mix at 59%. Solar generation is up to 6% this morning however coal generation remains online at 4%. - 20/04/2021
Brent oil is trading at $67.84/bbl an upside of 1.20% since yesterday's close. China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived. - 20/04/2021
Carbon prices have dropped -0.60% this morning, currently trading at €44.11/tCo2. Global CO2 emissions from energy are seen rising nearly 5% this year, suggesting the economic rebound from COVID-19 could be anything but sustainable for the climate - 20/04/2021
The pound is trading at €1.152 against the euro. Traders will be watching PMI surveys for the United Kingdom, together with data on the labour market, inflation and retail sales this week. - 20/04/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to rise and is set to hit seasonal average as of tomorrow. The outlook for the month does still remains below seasonal average. The UK is expecting 3 LNG arrivals today. - 19/04/2021
Power fundamentals are weak this morning as gas fired generation is forced to support the UK mix at 57%. Wind and solar generation are neck and neck at 6% and coal generation remains online and firm at 4%. Nuclear power is down to 13% - 19/04/2021
Brent oil is trading at $66.79/bbl. Prices were lower today as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. - 19/04/2021
Carbon prices have risen 0.40% this morning, currently trading at €44.79/tC02. The United States, the world's biggest economy and second-biggest emitter of greenhouse gases behind China, will host a virtual climate change summit on April 22-23. - 19/04/2021
The pound is trading at €1.154 against the euro. The pound rose against the euro on Friday and was set for weekly gains against the common currency as traders weighed how the re-opening of Britain’s economy would affect its recovery. - 19/04/2021
UK natural gas prices have opened on the front foot this morning. The UK is expecting 2 LNG arrivals today, both scheduled to dock at the Isle of Grain. The weekend will be cloudy and cool with light precipitation and brief sunny intervals only. - 16/04/2021
Power fundamentals remain weakened as gas fired generation is forced to support the UK mix at 50%. Wind and coal generation are neck and neck at 4%. Solar generation is providing 7% and is expected to rise throughout the day. - 16/04/2021
Brent oil is trading firm at $67.18/bbl an upside of +0.34% this morning. China's daily crude oil throughput surged 19.7% in March from a year earlier, as refiners ramped up operations to meet robust fuel demand and to build up inventories. - 16/04/2021
Carbon prices have risen +1.15% since yesterday's close, currently trading at €44.54/tCO2. The US hopes to restore its shattered credibility when it hosts a climate change summit next week by pledging to cut its greenhouse emissions by at least half. - 16/04/2021
The GBP/EUR has dropped -0.40% this morning, trading at €1.147 against the euro - 16/04/2021
UK natural gas prices have opened positive this morning. Next week will start similar with cool and cloudy conditions however temperatures are set to climb. After yesterday's 3 LNG arrivals the UK is still expecting 12 LNG arrivals for April-21 - 15/04/2021
Power fundamentals are weak and wind, solar and biomass generation are all neck and neck at 6% resulting in another day of support from gas fired turbines which is contributing 56%. Coal generation remains online at 4% and nuclear power is consistent at 15% - 15/04/2021
Brent oil is trading is trading at $66.42/bbl a downwards movement of 0.30% Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming. - 15/04/2021
Carbon prices have rose 0.70% this morning, currently trading at €44.16/tCO2. Corporate executives and investors say they want world leaders at next week's climate summit to embrace a unified and market-based approach to slashing their carbon emissions. - 15/04/2021
The pound is trading at €1.152 against the euro. Prices supported by the speed of Britain's vaccine rollout and recovering from a dip the previous day that was triggered by the resignation of the Bank of England's chief economist. - 15/04/2021
UK natural gas prices has opened on the upside this morning. A further 2 LNG tankers have been scheduled for the UK, we are expecting two arrivals today to port at South Hook and the Isle of Grain. Weather activity and wind speeds will remain low for this week. - 14/04/2021
Power fundamentals are weak as wind generation remains down at 2% meaning gas fired generation is forced to support the mix at 57%. Solar generation is contributing 5% and is expected to rise throughout the day. Coal generation has come online to support at 4% - 14/04/2021
Brent oil is trading at $64.42/bbl which is an upside of 1.2% since yesterday's close. China's record imports of Iranian crude in recent months has squeezed out supply from rival producers, forcing sellers of oil to slash prices and divert shipments to India and Europe. - 14/04/2021
Carbon prices has risen 0.25% this morning, trading at €43.93/tCO2. U.S climate envoy John Kerry will travel to China this week to discuss international efforts to tackle global warming to make emissions reduction targets despite tension in the U.S.-China. relationship. - 14/04/2021
GBP/EURO is currently trading at €1.152 against the euro. Early 2021 GBP, and USD, strength was aided by the successful vaccine rollouts. The UK was expected to approve the JNJ vaccine shortly and has ordered 30 million doses for summer delivery. - 14/04/2021
UK natural gas prices has opened on the front foot this morning. UK temperatures are set to rise as of today however this will remain below seasonal average for the foreseeable. The UK is expecting a LNG arrival every day this week which will help support the system. - 13/04/2021
Power fundamentals are weak this morning as wind generation drops further to 1% resulting in a major support from gas fired turbines which supports 55% of the UK mix. Solar generation is up to 6% this morning and is expected to rise throughout the day. - 13/04/2021
Brent oil is trading firm at $63.70/bbl an upside of +0.66% since yesterday's close as China's crude oil imports jumped 21% in March from a low base of comparison a year earlier as refiners ramped up operation amid robust fuel demand post-COVID-19. - 13/04/2021
Carbon prices have dropped 0.50% this morning, currently trading at €44.17/tCo2. An overhaul of bank capital rules would be the most effective step regulators could take to support climate action, a group of 50 sustainable finance experts said this morning. - 13/04/2021
The pound is trading at €1.156 against the euro. Both GBP/USD and EUR/GBP show a turnaround in the pound following Friday's technical signals suggesting further weakness was in the pipeline. - 13/04/2021
UK natural gas prices have opened on the front foot this morning. The UK system opened overwhelmingly 23mcm/d short this morning, which is driven by soft Norwegian import via both Vesterled and Langeled. The UK has 11 LNG tankers on the horizon. - 12/04/2021
Power fundamentals are weak this morning as wind generation and solar generation are neck and neck at a low 4% meaning gas fired turbines are forced to ramp up to support the UK mix, currently at 54%. Pumped hydro is high at 5% and nuclear remains firm at 15% - 12/04/2021
Brent oil is trading at £62.52/bbl a drop of -0.70% since Friday's close as rising COVID-19 case numbers in some parts of the world kept a lid on prices, even as the Federal Reserve signalled the U.S. economy may soon rebound as vaccinations accelerate. - 12/04/2021
Carbon prices have risen +0.55% today, currently trading at €43.69/tCo2. Replacing coal-fired power generation by gas, wind and solar, as well as improvements in combustion efficiency, has reduced emissions per unit of energy consumption in most countries - 12/04/2021
The pound as rose +0.40% this morning, trading at €1.157 against the euro. The pound had its best quarter against the euro since 2015 in the first three months of 2021, boosted by the UK's vaccine rollout, one of the fastest in the world - 12/04/2021
UK natural gas prices have opened on the front foot this morning. The end of the next week will likely bring slowly milder weather with near normal conditions but a quick transition to warm and dry seems unlikely before April 20 at least. - 09/04/2021
Power fundamentals are weak this morning as wind generation drops of to 13% resulting in gas fired generation supporting the UK mix at 47% Solar is at 4% but is expected to rise throughout the day. Nuclear generation is firm at 13% - 09/04/2021
Brent oil is trading at $62.84/bbl an downwards movement of -0.60% since yesterday's close as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. - 09/04/2021
Carbon prices have rose +0.50% this morning, currently trading at €43.5t/bbl. Demand for feedstocks from renewable fuel producers is expected to surge in the United States in coming years as companies scramble to expand output. - 09/04/2021
The pound continues to the trade at €1.152 against the euro. Early-2021 sterling optimism over Brexit relief and rapid COVID vaccine deployment has run its course, with traders seeking opportunities in other currencies following the pound's weakness - 09/04/2021
UK natural gas prices opened this morning on the front foot. UK temperatures are set to rise as of today however this will remain below seasonal average for the foreseeable. With the 11 LNG tankers bound for the UK 3 of them have docked the mainland today. - 08/04/2021
Power fundamentals are firm today as wind generation is up to 33% which is suppressing the demand for gas fired turbines, currently at 28% of the UK mix. Solar generation has ramped up to 13% bringing out total renewables mix to 54%. Nuclear power is consistent at 15%. - 08/04/2021
Brent oil is trading at $62.98/bbl which is a drop of -0.35% since yesterday's close after official data showed a big increase in U.S. gasoline stocks on the back of higher refinery runs while demand remained subdued compared with pre-pandemic levels. - 08/04/2021
Carbon prices have remained flat throughout the day and moved 0.20% on the downside, currently trading at €43.72/tCO2 Equinor and British utility SSE have agreed to jointly develop the world's first 100% hydrogen-fuelled power plant in Britain. - 08/04/2021
GBP/EURO is currently trading at €1.158. The pound racked up losses of 1.2% against the dollar and 1.7% against the euro between Tuesday and Wednesday as investors took cash off the table after a strong first quarter for the British currency. - 08/04/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures have dipped to 2 degrees Celsius remaining below seasonal average for the most of April-21. A further 6 LNG tankers have no been scheduled bringing up to 11 expected arrivals. - 07/04/2021
Power fundamentals are weak as gas fired turbines dominate the power mix at 43% as wind generation has dropped off to 23%. Nuclear power has come off to 13% and biomass generation to 7%. Solar is online at 4% - 07/04/2021
Brent oil is trading at $62.93/bbl an upside of 0.30% since yesterday's close on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel consumer, fell. - 07/04/2021
Carbon prices have risen by 0.20% this morning, currently trading at €43.93/tCO2 - 07/04/2021
The pound is trading at €1.163 against the euro. The euro rallied to a two-week high of $1.18785, its biggest gain since Dec. 10, in a reversal from the pound's steady gains during the last quarter. - 07/04/2021
UK natural gas prices have opened on the front foot this morning. The next seven days are seen similar among the models with Scandinavia remaining under the influence of cold air of Arctic. There are currently 7 LNG tanker already scheduled for the UK for April. - 06/04/2021
Power fundamentals are strong as wind generation is holding the mix at 33% meaning in a reduced demand for gas fired generation which is at 27%. Biomass generation has dropped off to 5% but nuclear generation is firm at 15%. - 06/04/2021
Brent oil is trading at $62.94/bbl an upside of +1.2% since Friday's close. BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a very strong quarter. - 06/04/2021
Carbon prices is trading at €43.04/tCO2. Thanks to early decisions to buy power grids and build renewable plants, the once-staid utilities are now among a handful of global green energy majors going into battle with Big Oil to supply low-carbon power full of confidence. - 06/04/2021
The pound is trading at €1.175 against the euro, joining other major currencies as they rolled over the dollar in the wake of record-high U.S. ISM services PMI with the gains brightening the pound's chart prospects. - 06/04/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be above normal for the rest of the week, the Easter weekend and likely also next week will be cooler with occasional precipitation partially falling as snow even in the lowland areas. - 31/03/2021
Power fundamentals have weakened this morning as wind generation and biomass generation drop to 8% resulting in forced support from gas fired turbines which makes up 50% of the UK's mx. Nuclear power is firm at 15%. - 31/03/2021
Brent oil is trading at $64.62/bbl an upside of 0.78% since yesterday's close. OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures. - 31/03/2021
Carbon prices have rose 1.5% this morning, currently trading at €43.39/tCO2. The value of share offerings in fossil fuel companies dropped by almost 20% since 2012, while low-carbon companies gained ground in the shift towards clean energy. - 31/03/2021
The pound is trading at €1.172 against the euro. Some lockdown restrictions in England ended on Monday, in contrast to much of Europe, where France and Germany are among the countries contending with a third wave of COVID-19 infections and hospitalisations. - 31/03/2021
UK natural gas prices have opened on the back foot this morning. UK temperatures are set to remain above average for the next few days before a colder week below average in April. The UK is expecting its final LNG arrival for March today due from Qatar. - 30/03/2021
Power fundamentals have weakened this morning as wind generation drops off to 18% forcing gas fired generation support the overall mix at 39%. Solar is only at 3% this morning but is expected to rise throughout the day. Biomass remains consistent at 10% - 30/03/2021
Brent oil is trading at $65.10/bbl which is an upwards movement of 0.20%%. Shipping was on the move again late on Monday in Egypt's Suez Canal after tugs refloated a giant container ship which had been blocking the channel for almost a week - 30/03/2021
Carbon prices have rose 0.35% since yesterday's close, currently trading at €42.14/tCO2. A growing number of climate economists say the world should take immediate and drastic action to tackle climate change, according to a survey published yesterday. - 30/03/2021
The pound is trading at €1.172 against the euro. The EU last week stopped short of imposing a ban on vaccine exports, which relies on imports of COVID-19 inoculations for its rapid vaccination programme, which has benefited the pound. - 30/03/2021
UK natural gas prices have opened on the back foot this morning. UK temperatures are set to rise as of today and remaining above seasonal average until the end of the month. There are currently 3 LNG tankers on the horizon for the UK. - 29/03/2021
Power fundamentals are strong this morning as wind generation provides 38% of the overall stack meaning gas fired generation eased off to 19%. Biomass is comfortable at 10% and nuclear power is providing 16%. The UK’s renewables mix is at highs of 52% - 29/03/2021
Brent oil is trading at $63.85/bbl which is a downwards movement of -1.2%. A massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, , raising hopes the busy waterway will soon be reopened. - 29/03/2021
Carbon prices have dropped -0.7% this morning, currently trading at €40.98/tCO2. Concerns over the blocked Suez Canal continued to support energy prices and provided an additional bullish signal to carbon. - 29/03/2021
The pound is trading at €1.170 against the euro. After a poor COVID-19 performance in 2020, the UK has handled the coronavirus rollout far more effectively than the EU. The UK has vaccinated over 30 million people. - 29/03/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures have dipped today and will drop further as of tomorrow by 3 degrees. Forecasts are predicting temperatures to rise to 11 degree Celsius towards the end of the month. - 26/03/2021
Power fundamentals are strong this morning as wind generation has ramped up to 36% resulting in a diminished gas fired demand which is reduced to 21%. Nuclear generation is flat at 15% and biomass generation has remained high at 9% and solar is at 5% - 26/03/2021
Brent oil is trading at $63.40/bbl an upside of 2.3% since yesterday's close. Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway. - 26/03/2021
Carbon prices have risen 2.5% this morning, currently trading at €41.31/tCO2. A new Climate Change Commission for St Helens will be created that brings together different sectors to tackle climate change in the borough. - 26/03/2021
The pound is trading at €1.169 against the euro which is a saving grace for sterling bulls is that Europe's recovery prospects appear worse than the UK's, which pushed EUR/GBP to 13-month lows by 0.8534 this month. - 26/03/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures remain above average however a short-term dip is expected over the weekend. After yesterday's LNG arrival to the UK, we are expected a further 3 tankers for March-21 - 25/03/2021
Power fundamentals are strong as wind generation makes up 20% of the UK mix as well as solar generation at 6% resulting in a decline in gas fired turbines which is providing 32%. Biomass is comfortable at 10% and nuclear power is firm at 16%. The UK's renewable mix is 37%. - 25/03/2021
Brent oil is trading at $63.49/bbl a downwards movement of -1.5% since yesterday as fresh COVID lockdowns revived worries about demand. Efforts to dislodge a 400 m long container vessel that has choked traffic along the Suez Canal resumed at high tide today. - 25/03/2021
Carbon prices have dropped -0.4% this morning, currently trading at €41.20/tCO2 - 25/03/2021
The pound is trading at €1.159 against the euro. Sterling fell yesterday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to countries, such as Britain. - 25/03/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to remain above average until the end of week where forecasts indicate a 3 degree's drop. April's first LNG tanker has been scheduled for Good Friday which will provide support. - 24/03/2021
Power fundamentals are stronger this morning as wind generation increases to provide 22% depressing the need the gas fired generation which is at 40%. Nuclear is firm ar 15 as well as biomass generation at 10%. Coal is offline and solar is steady at 3%. - 24/03/2021
Brent oil is trading at $61.97/bbl an upside of 2% since yesterday's close as investors sought bargains following the previous day's slump, but the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe. - 24/03/2021
Carbon prices have opened short by-0.68%, currently trading at €41.03/tCO2 - 24/03/2021
The pound has dropped further this morning, currently trading at €1.158 against the euro. After falling far behind post-Brexit Britain and the United States in rolling out vaccines, European Union leaders are due to discuss a possible ban on exports to Britain on Thursday. - 24/03/2021
UK natural gas prices have opened on the downside this morning. UK temperatures are set to remain above seasonal average until the end of the week. There are 5 LNG tanker sue to dock the mainland for March with one arrival expected today at South Hook. - 23/03/2021
Power fundamentals have improved since yesterday as wind generation increases to 16% reducing the demand for gas fired generation which is at 41%. Biomass is firm at 10% and nuclear has increased to 15% as solar and coal generation are reduced to 2%. - 23/03/2021
Brent oil is trading at $63.60/bbl which is a downwards movement of -1.58% since yesterday's close, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in demand, while producers cut prices in a sign of plentiful supply. - 23/03/2021
Carbon prices have dropped -1% this morning, currently trading at €42.35.tCO2. The European Union plans to label some gas power plants as sustainable investments. - 23/03/2021
The pound is trading at €1.161 against the euro. There are growing tensions between the UK and the EU, with more and more EU countries considering backing a vaccine export ban to the UK, which may delay the UK's vaccination plan. - 23/03/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will be near or slightly above normal with moderate wind speeds. Next week will likely be warmer and sunnier with above normal temperatures until the end of the month. - 22/03/2021
Power fundamentals are weak as wind generation and biomass generation are neck and neck at 8% resulting is gas fired generation to support the UK's stack at 53%. Nuclear is comfortable at 13% however solar generation is providing 5% to the UK. - 22/03/2021
Brent oil is trading at $64.28/bbl which is a downside of -0.40% this morning as concerns that European lockdowns may slow an anticipated recovery in demand for fuel products. China's crude oil imports from Oman and the United Arab Emirates rose 30% . - 22/03/2021
Carbon prices have rose 0.22% since Friday's close, currently trading at €42.16/tCO2 - 22/03/2021
The pound is trading at €1.165 against the euro. EUR/GBP eyes 13-month low after Germany's COVID warning. German health minister Jens Spahn on Friday The rising case numbers may mean that we cannot take further opening steps in the weeks to come - 22/03/2021
UK natural gas prices have opened on the back foot this morning despite slightly cooler temperatures are experienced across the country. LNG remains very high at 109mcm. Current weather forecasts show mild weather for the short to mid term. - 19/03/2021
Power fundamentals are weak this morning as wind generation falls of further to 6% resulting in gas fired turbines support the UK stack at 53%. Solar and coal generation are neck and neck at 2% and nuclear power is consistent at 14% . - 19/03/2021
Brent oil is trading at $64.13/bbl which is an upwards movement of 1.13% since yesterday's close. The strong gain seen so far in 2021 were seen has occurring too fast and many participants began to view Brent as overbought.. - 19/03/2021
Carbon prices have dropped -0.6% this morning, currently trading at €42.05/tCO2 - 19/03/2021
The pound is trading at €1.169 against the euro which is an increase of 4.3% form year to date largely due to Britain's success in rolling out COVID-19 vaccines and relief that a last-minute Brexit trade deal was reached at the end of 2020 - 19/03/2021
UK natural gas prices have opened on the front foot this morning. Temperatures will remain below normal with widespread night frost. Next week will be generally sunnier and milder than this week. 7 LNG tankers are left to dock for March - 18/03/2021
Power fundamentals are weakened as wind generations backs off to 17% forcing gas fired generations to support the overall stack at 53%. Nuclear power has increased to make up 14% and coal and solar generation are neck and neck at 2% - 18/03/2021
Brent oil is trading at $67.34/bbl an downwards movement of nearly 1% this morning. With oil prices surging as producers curb supply, fuel prices in many countries have hit multi-year and even all-time highs despite the pandemic knocking demand. - 18/03/2021
Carbon prices have rose 1.5% since yesterday's close, currently trading at €43.56/tCO2 - 18/03/2021
The pound is trading at €1.169 against the euro. Sterling steadied against both the euro and the dollar on Wednesday after Britain's dismissal of safety concerns over the AstraZeneca vaccine saw the currency recover some ground - 18/03/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to drop to 6/7 degrees as of today however remaining above seasonal average levels. After yesterday's 3 arrivals the UK is now expecting 8 LNG tankers for March - 17/03/2021
Power fundamentals are weak as wind generation only provides 20% to the mix resulting in gas fired turbines supporting at 41%. Biomass generation is flat at 8% however coal generation has come back online as solar drops to 3%. - 17/03/2021
Brent oil is trading at $68.23.bbl which is an downwards movement of -0.25%. Oil prices are unlikely to mount a dramatic and sustained surge despite vaccines expected to boost demand later this year - 17/03/2021
Carbon prices have opened 1% on the upside, currently trading at €41.94/tCO2 - 17/03/2021
The pound is trading back at €1.168 against the euro. GBP edged higher and erased some of its earlier losses against the dollar after Europe's medicines watchdog said there was no evidence AstraZeneca's COVID-19 vaccine was unsafe. - 17/03/2021
UK natural gas prices have opened on the back foot this morning. UK temperatures are set to rise to 9 degrees Celsius as of today as well as the UK is expected to receive 3 LNG tankers today which will balance the overall system. - 16/03/2021
Power fundamentals have weakened compared to yesterday as wind generation provides 20% of the UK's stack. Gas fired turbines are forcing to dominate at 43%. Solar is suppressed this morning to 2% however this will increase. - 16/03/2021
Brent oil has opened on a downwards movement of 1% this morning, currently trading at $68.20/bbl. Extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery. - 16/03/2021
Carbon prices is trading at €42.02/tCO2 which is a drop of -0.69% since yesterday's close - 16/03/2021
The pound is trading at €1.158 against the euro after GBP fell again as the recent rise in U.S. Treasury yields and as the EU launched legal action against unilateral British changes to Northern Irish trading arrangements. - 16/03/2021
UK natural gas prices have opened negative this morning. UK temperatures are set to remain above seasonal average until the end of this week. There are 11 LNG tankers set to arrive to the UK with 2 arriving today docking the mainland today which will support the system. - 15/03/2021
Power fundaments are comfortable as wind generation provides 20% of the UK's mix resulting in gas fired generation supporting at 46%. Coal generation has been offline for a couple of days and solar is online currently providing 5% and biomass is stable at 8% - 15/03/2021
Brent oil is trading at $69.88/bbl an upwards movement of 1% since Friday's close heading toward $70 a barrel, as data showed China's economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world's largest oil importer. - 15/03/2021
Carbon prices have dropped nearly 0.8% this morning, currently trading at €42.72/tCO2 - 15/03/2021
The pound continues to trade at 1.168 against the euro. Trade between the UK and the Europe was hammered in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides. - 15/03/2021
UK natural gas prices have opened on the back foot this morning. UK temperatures are above seasonal normal and is expected to remain this way until next week. Further LNG tankers have been scheduled to the UK which bring us to 10 on the horizon. - 12/03/2021
Power fundamentals are strong this morning as wind generation has ramped up to generate 35% resulting in a suppressed gas fired generation to 23%. Coal generation remains offline however solar generation is online at 4%. Nuclear power is firm at 12% - 12/03/2021
Brent oil is trading at $69.37/bbl which is a downwards movement of -0.4% since yesterday's close. OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers. - 12/03/2021
Carbon prices have dropped -0.9% this morning, currently trading at €41.53/tCO2. While global peers like BP BP.L, Royal Dutch Shell RDSa.L have announced cuts in hydrocarbon output and huge renewable energy investments to cut emissions. - 12/03/2021
The pound is trading at €1.168 against the euro as it continues to respect 1.17 resistance level. Britain's relatively successful COVID-19 vaccine programme would support its economic recovery. - 12/03/2021
UK natural gas prices have opened on the upside this morning. UK temperatures are set to rise over the next few days to 9 degrees highs. A further 4 LNG tankers was scheduled yesterday in order to support the UK system and replenish storage levels. - 11/03/2021
Power fundamentals are strong this morning as the recent high wind speeds has forced generation up to 33% resulting in a suppressed gas fired generation, 27%. Solar is back online at 3% and we are currently importing at capacity through the French interconnector. - 11/03/2021
Brent oil is trading at $68.71.bbl an upside of 1.2% this morning as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm. - 11/03/2021
Carbon prices have opened relatively flat compared to yesterday's close, currently trading at €41.59/tCO2 - 11/03/2021
The pound sterling is trading at 1.164 against the euro. Britain has Europe's highest COVID-19 death toll and has recorded its biggest economic contraction in 300 years. Its vaccine rollout is the fastest in the world and has seen more than 40% of adults receive their first shot. - 11/03/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to rise to 8/9 degrees over the next 48 hours. A reported incident at Norway's Nyhamna gas plant that involved a compressor ended and had no impact to production. - 10/03/2021
Power fundamentals have strengthened this morning as wing generations have ramped up to 27% resulting is a slack in gas fired turbines which is contributing 40%. Biomass generation is comfortable at 8% however coal generation remains offline. - 10/03/2021
Brent oil has opened- 0.25% this morning , currently trading at $67.43/bbl. Oil fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data due later in the day for pointers on where prices will head next. - 10/03/2021
Carbon prices are trading at €41.49/tCO2 which is an upside of 2.5% since yesterday's close. - 10/03/2021
The pound is trading at €1.167 against the euro. The European Union's slow rollout of COVID-19 vaccines continues to weigh on the euro -- particularly compared with ex-member Britain. EUR/GBP fell to a two-week low on Wednesday - 10/03/2021
UK natural gas prices have opened on the back foot this morning.UK temperatures are set to rise back above average which will provide some support to the gas system. After the 3 arrivals to the UK mainland yesterday the UK is still expecting a further 6 for March-21 - 09/03/2021
Power fundaments remain weakened as wind generations continues to be down at 10% forcing gas fired generation to support the UK mix at 53%. Biomass generation does contribute 8% however coal is nearly offline and solar generation is currently providing 5% to the stack. - 09/03/2021
Brent oil is trading at $68.57/bbl an upwards movement of 0.50% since yesterday's close. The US expressed alarm at genuine security threats to Saudi Arabia from Yemen's Iran-aligned Houthis and elsewhere in the region after attacks on the heart of the Saudi oil industry. - 09/03/2021
Carbon prices have opened sideways this morning compared to Monday's close, currently trading at €39.14/tCO2. The European Parliament is set to vote on a report covering the EU's plan to impose carbon costs on imports of polluting goods. - 09/03/2021
The pound sterling is trading at €1.167 against the euro. The Bank of England Governor Andrew Bailey painted a cautiously optimistic picture for Britain's economy after the COVID pandemic and did not expect a big jump in inflation - 09/03/2021
UK natural gas price have opened on the front foot this morning as temperatures dropped to 3 degrees over the weekend and the forecasts are set to improve as of today. 7 tankers are on the horizon for the UK which 3 of which are docking today at the South Hook terminal. - 08/03/2021
Power fundamentals are weak this morning as wind generation remains suppressed at 10% resulting in gas fired generation supporting the demand at 55%. Biomass generation is proving strong at 10% however coal generation remains online at 3%. - 08/03/2021
Brent oil is trading at $69.80/bbl an upwards movement of +0.7% since Friday's close. Prices climbed above $70 a barrel for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years. - 08/03/2021
Carbon prices have opened +0.67% this morning, currently trading at €38.79/tCO2 - 08/03/2021
The pound continues to climb, trading at €1.163 against the euro. European Central Bank policymakers have drawn the battle lines ahead of a meeting next week which they will decide whether to step up the pace of emergency bond purchases to calm skittish financial markets. - 08/03/2021
UK natural gas prices have opened positive this morning. The UK received further LNG arrivals however the outlook remains strong with more bookings, currently at 8. UK Temperatures are set to drop today before rising above seasonal average next week. - 05/03/2021
Power fundamentals remains weakened as the renewable mix is down resulting in support from gas fired turbines at 54%. Wind generation and biomass generation are neck and neck at 8% and we are currently importing at max capacity from France. - 05/03/2021
Brent oil is trading firm at $67.83/bbl which is an upside of +1.66% since yesterday's close after hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand . - 05/03/2021
Carbon prices have dropped -0.65% this morning, trading at €38.08/tCO2. The IEA Executive Director, Dr Fatih Birol, and the President of COP26, Alok Sharma, met in Paris on 3 March to discuss priorities for accelerating clean energy transitions worldwide. - 05/03/2021
The pound has breached the 1.16 mark once again, currently trading at €1.161 against the euro. Sterling rose against the dollar and euro on Thursday after the government rolled out an expansive annual budget designed to prop up the economy. - 05/03/2021
UK natural gas prices have opened on the front foot this morning as UK temperatures temporarily dip below seasonal average. The week after next week could bring again calmer weather to the continent but uncertainty is high. 7 LNG tankers are on the horizon for the UK. - 04/03/2021
Power fundamentals remain weak as gas fired generation dominates the power mix at 58%. Wind generations remains low at 6%. Biomass generation is supporting the renewable mix at 8% however coal is online at 5% and would expect this to stay until warmer weather. - 04/03/2021
Brent oil is trading at $64.41/bbl a upwards movement of 0.5%. Yemen's Houthi forces fired a cross-border missile at a Saudi Aramco facility in Saudi Arabia's city of Jeddah, but there was no immediate confirmation from Saudi authorities. - 04/03/2021
Carbon prices have dropped -0.6% this morning, currently trading at €37.27/tCO2 - 04/03/2021
The pound sterling is climbing once again, currently trading at €1.157 against the euro. Sterling longs may be in line for a windfall if pro-independence parties unexpectedly fail to win a majority in the Scottish parliamentary election on May 6. - 04/03/2021
UK natural gas prices have opened negative this morning. UK temperatures are set to hover around the seasonal average however we can expect a short term drop to 2 Degrees. 8 LNG tankers are on the horizon for the UK providing some support to the overall gas system. - 03/03/2021
Power fundamentals are weak this morning as wind generation drops off to 1% resulting in a rally in gas fired turbines, currently providing 60% of the UK stack. Solar is online to match wind at 1% however coal is at 5%. Nuclear power is comfortable at 10%. - 03/03/2021
Brent oil is trading at $62.67/bbl a relatively flat opening compared to yesterday's close. Oil prices rose today as signs of progress in the COVID-19 vaccine rollout in the United States, the world's biggest consumer, raised demand expectations. - 03/03/2021
Carbon prices have dropped -1.2% this morning, currently trading at €37.98.tCO2 - 03/03/2021
The pound is trading at €1.156 against the euro. Bets that Britain's rapid vaccine rollout would underpin an economic rebound boosted sterling as far as 4.2% above its year-end price. - 03/03/2021
Natural gas prices opened on the back foot as increased demand for gas and lower wind generation provide support. An unplanned outage in a field has resulted in a flow reduction from Langeled. - 01/03/2021
UK power prices started on the upside this morning however we might see gains fading as we move through the day. Wind generation dropped to also 2% contribution to the generation mix. Injections are expected to increase as more LNG arrives. - 01/03/2021
Brent oil keeps strong $65.00/bbl. - 01/03/2021
Carbon prices have opened 1.5% higher from last close, currently trading at €38.00/tCO2 - 01/03/2021
The pound is trading at €1.158 against the euro and $1.39 against the US Dollar. - 01/03/2021
UK natural gas prices opened marginally higher from last close, while they are expected to follow the overall bearish movement as we approach the end of winter. - 26/02/2021
Power fundaments move sideways with Win-21 prices slowly approaching the 100 day SMA thus indicating the slow drop on prices we have seen over the last few weeks. - 26/02/2021
Brent oil is trading at $66.34/bbl. OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices. - 26/02/2021
Carbon prices have opened -0.73% this morning currently trading at €37.77/tCO2. - 26/02/2021
The pound is trading at €1.148 against the euro. Britain said on Wednesday it was confident in manufacturers' timely supply of COVID-19 vaccines to keep fuelling one of the world's fastest rollouts despite a slowdown this week. - 26/02/2021
UK natural gas prices have opened on the front foot this morning as temperatures are set to drop 7 degrees over the next two days potentially dipping below seasonal average. 2 tankers are set to dock today providing some resistance. - 25/02/2021
Power fundaments weakened this morning as wind generation drops of to 22% resulting in a increase need to gas fired generation, currently at 39%. Biomass generation remains firm at 9% and solar generation and coal generation are both at 2% - 25/02/2021
Brent oil is trading at $67.60/bbl which is an opening of +0.9% since yesterday's close the highest levels seen in more than 13 months. OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices. - 25/02/2021
Carbon prices have opened -0.2% this morning currently trading at €39.18/tCO2 - 25/02/2021
The pound is trading at €1.159 against the euro. Britain said on Wednesday it was confident in manufacturers' timely supply of COVID-19 vaccines to keep fuelling one of the world's fastest rollouts despite a slowdown this week. - 25/02/2021
UK natural gas prices have opened on the back foot this morning. Temperatures are set to spike to 12 degree Celsius of today helping to support the system.8 LNG tanker are on the horizon to dock to the UK. - 24/02/2021
Power fundamentals are strong as wind generation continues to dominate the mix at 33% forcing gas fired generation down to 27% Biomass remains firm at 10% and coal generation has gone offline. We are currently importing 5% through France - 24/02/2021
Brent oil is trading at €65.33/bbl a sidewards opening compared to yesterday's closing price. The value of Saudi Arabia's oil exports in December dropped nearly 30% compared with the year before, official data showed on Wednesday. - 24/02/2021
Carbon prices have opened -0.6% this morning, currently trading at €38.64/tCO2 - 24/02/2021
The pound is trading at €1.160 against the euro after Asian session jump to one year highs as well as the EU's slower rollout of COVID-19 vaccines vs UK is helping weigh on EUR/GBP - 24/02/2021
UK natural gas prices have opened on the front foot this morning despite the increasing temperatures however latest temperature forecasts suggest mild temperatures could emerge over the next few weeks. LNG send out has ramped up today. - 23/02/2021
Power fundamentals are strong as wind generation ramps up to 32% suppressed the demand for gas fired turbines which is providing only 25% Biomass is up to 10% which has almost taken coal offline currently at 1%. Solar has increased to 2% - 23/02/2021
Brent oil is trading at $66.32/bbl which is an upside of 1.7% this morning. OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices. - 23/02/2021
Carbon prices have opened +0.5% since yesterday's close, trading at €38.09/tCO2 - 23/02/2021
The pound continues to climb, currently trading at €1.158 against the . Since December, the pound has gained more than five percent against the euro making it a top performer among major currencies. - 23/02/2021
UK natural gas prices have opened on the back foot this morning. UK average temperatures are set to have a increased spike hitting 12 degrees Celsius. Despite all the recent LNG arrivals the U still has 8 tankers on the horizon. - 22/02/2021
Power fundamentals are weakened as wind generation has dropped off to 12% forcing gas fired turbines to support the UK mix at 47% Biomass however is firm at 8% bringing coal generation down to 2%. Solar is also online at 1% - 22/02/2021
Brent oil is trading at $63.42/bbl an upside of 0.8% since Friday's close. OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices. - 22/02/2021
Carbon prices have opened slightly up by -0.1% since this morning, trading at €37.47/tCO2 - 22/02/2021
The pound sterling remains on the increase, currently trading at €1.157 against the euro. Britain's economy has stabilised after a new COVID-19 lockdown last month hit retailers. - 22/02/2021
UK natural gas prices have opened on the upside this morning. UK average temperatures are above average however latest forecasts indicate a spike which is expected to hit 11 Degree Celsius LNG arrivals have now been booked for March-21. - 19/02/2021
Power fundamentals remain strong as wind generation holds the top position at 33% , gas fired turbines follow suit at 28%. The total renewables mix is 42%. Nuclear generation is getting firmer to 15%, coal generation is suppressed to 3% - 19/02/2021
Brent oil is trading at $63.01/bbl an downside of -1.45% since yesterday's close. Saudi Arabia’s oil minister has called for a cautious approach to raising production, even as prices surge. - 19/02/2021
Carbon prices have opened on the upside by 0.2% this morning, currently trading at €38.38/tCO2. - 19/02/2021
The pound is trading at €1.153 against the euro. Sterling edged higher against both the euro and the dollar on Thursday, reaching its highest in almost a year. - 19/02/2021
UK natural gas prices have opened on front foot this morning. UK average temperatures remain above seasonal average. Despite the 3 arrivals we had over the last two days, the LNG outlook continues to with 7 now on the horizon - 18/02/2021
Power fundamentals remain firm as wind generation continues to hold the stack at 32% however soon followed by gas fired turbines at 28% Biomass generation and nuclear is flat at 10% & 15%. Solar is online this morning at 1% - 18/02/2021
Brent oil is trading at $64.83/bbl , an upside of 0.7% since yesterday's close. Texas's freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled with massive refining outages. - 18/02/2021
Carbon prices have opened 1.4%on the upside this morning, trading at €38.54/tCO2 - 18/02/2021
The pound continues to rise in value, currently trading at €1.156 against the euro. The pound rises to fresh 10-month high. - 18/02/2021
UK natural gas prices have opened positive this morning. UK temperatures are above seasonal average and will remain this way for the rest of the month. 11 LNG tankers are set to arrive to the mainland on set for a record high month. - 17/02/2020
Power fundamentals are strong this morning as wind generation dominates the power mix at 33% and gas fired turbines follow at 30%. Biomass generation is firm at 10% and coal is suppressed to 4%. - 17/02/2020
Brent oil is trading at $63.88/bbl an upside of +0.85% since yesterday's close. The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks due to the lack of power to run operations. - 17/02/2020
Carbon prices have opened positive by +0.7% this morning, currently trading at €39.14/tCO2 - 17/02/2020
The pound is trading at €1.150 against the euro which is continuing to rise currently at 10 month highs. - 17/02/2020
Natural gas prices have opened on the front foot this morning. UK temperatures are now above seasonal average and is forecasted to remain above until the end of the month. 8 LNG tankers left on the horizon after yesterday's arrival. - 16/02/2021
Power fundamentals are even stronger this morning as wind generation spikes further to contribute 32% resulting in gas fired generation providing 36% Biomass is at 8% bringing the UK's renewals mix to 42%. Nuclear has jumped further to 15% - 16/02/2021
Brent oil is trading at $63.30/bbl a sidewards opening compared to yesterday's close. Oil prices hover near 13-month highs on the back of a cold snap shutting wells in Texas, the biggest crude producing state in the United States. - 16/02/2021
Carbon prices have opened positive this morning by +2.2%, trading at €40.21/tCO2 - 16/02/2021
The pound is continuing to climb in value, currently trading at €1.146 against the euro. British Prime Minister Boris Johnson said he would plot a cautious but irreversible path out of the COVID-19 lockdown this week after the vaccination of 15 million. - 16/02/2021
UK natural gas prices have opened negative this morning with the month ahead market dropping -5.96%. UK temperatures are set to rise back above seasonal average today which should release pressure on the system. - 15/02/2021
Power fundamentals are firm this morning as wind generation provides 23% of the UK mix resulting in a suppressed need to gas fired turbines which provides 38%. Biomass is strong at 8% and nuclear at 14% - 15/02/2021
Brent oil is trading at $63.14/bbl an upside of +1.2% since Friday's close. Oil hits 13-month highs on concerns of Middle East tensions while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support. - 15/02/2021
Carbon prices have opened on the upside of +0.4% this morning, currently trading at €40.16/tCO2. European carbon prices have hit record highs, volatility will continues for the coming months before new permits are available later this year. - 15/02/2021
The pound sterling is trading at €1.145 against the euro The forex has advanced this year and has ample room to rise further. - 15/02/2021
UK natural gas prices have opened on the back foot once again on the back on the increase LNG supply to the mainland. UK temperatures are set to be cold over the weekend before increasing above average as of next week. - 12/02/2021
Power fundamentals are strong this morning as wind generation has spiked to produce 30% of the UK mix resulting in a suppressed gas fired need which currently provides 41%. Solar has moved to 2% however coal generation remains at 4% - 12/02/2021
Brent oil is trading at $60.48/bbl a downwards movement of -1% since yesterday's close. Global oil and fuel prices are picking up as demand returns to pre-pandemic levels amid easing coronavirus lockdowns in key countries like China and India - 12/02/2021
Carbon prices have dropped -2.3% this morning, currently trading at €37.89/tCO2 - 12/02/2021
The pound is trading at €1.138 against the euro. The European Union's chief Brexit negotiator said Britain must accept the realities of Brexit and it was the UK's exit from the EU that had caused tensions over Northern Ireland. - 12/02/2021
UK natural gas prices have opened on the back foot this morning as temperature forecasts have been revised to rise back to seasonal average as of next week. 12 LNG arrivals are now on the horizon with an arrival yesterday afternoon. - 11/02/2021
Power fundamentals weaken further as gas fired turbines are forced to support at 50% as wind generation dropped to 13%. Biomass and coal generation remain neck and neck at 6% and nuclear generation is flat at 12%. - 11/02/2021
Brent oil is trading at $61.47/bbl a downward movement of- 0.55% since yesterday's close. Global oil supply still outstrips demand due to persistent COVID-19 lockdowns, vaccines should help demand recover. - 11/02/2021
Carbon prices have opened positive by 0.90% this morning, currently trading at €39.47/tCO2 - 11/02/2021
The pound si trading flat at €1.14 flat against the euro. The upbeat post-Brexit and vaccine growth outlook has also diminished UK negative rate expectations, which have, until recently, stalled GBP gains. - 11/02/2021
UK natural gas prices have opened negative this morning despite UK temperatures continuing to fall with forecasts expecting -2 as of tomorrow. The system has opened long mainly due to the increase in MRS withdrawals. - 10/02/2021
Power fundamentals open weaker as wind generation drops to 15% forcing gas fired turbines to support jumping to 50% of the UK mix. Biomass and coal generation are neck and neck at 7%. Solar has come online to 1% . - 10/02/2021
Brent oil prices are trading at $61.03/bbl a downwards opening of -0.1%. Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business. - 10/02/2021
Carbon prices have dropped a further -1.6% since yesterday's close, currently trading at €37.64/tCO2. Signals are pointing towards a neutral session for carbon today. - 10/02/2021
The pound is trading around €1.141 against the euro. Sterling hit its highest level against the dollar since April 2018 and traded just below eight-month highs against the euro on Tuesday. - 10/02/2021
UK natural gas prices have opened on the back foot this morning. Temperatures are now below 0 Degree Celsius and will remain below until the end of the week. 2 more tankers have been scheduled, ramping up our LNG arrivals for Feb-21 - 09/02/2021
Power fundamentals remain firm as wind generations continues to provide 20% resulting in a low gas fired generation mix of which is providing 48%. Biomass and coal are neck and neck as 6% Nuclear generation is flat at 13% - 09/02/2021
Brent oil is trading at $60.87/bbl which is an upside of +0.5%. Oil prices advanced on this morning to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. - 09/02/2021
Carbon EUA prices have dropped -2.26% since Monday's close, trading at €37.94/tCO2 - 09/02/2021
The pound has dropped since yesterday' highs, currently trading around the €1.139 against the euro. Drop to pre-BoE lows influenced by faster UK rollout of COVID vaccines vs EU - 09/02/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are below seasonal average and is forecasted to remain below until late Feb. 7 LNG tankers left on the horizon after 2 arrived over the weekend. - 08/02/2021
Power fundamentals are comfortable this morning as wind generation provides nearly 30% of the total UK mix. Gas fired generation does remain dominate at 42%. Coal generation has been suppressed to 1% and biomass is strong at 7% - 08/02/2021
Brent oil is trading at $60.06/bbl an upside of +1.2% since Friday's close and rising to their highest in just over a year supported by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand. - 08/02/2021
Carbon EUA prices have opened positive by +1.8% since market opening, currently trading at €38.76/tC02 - 08/02/2021
The pound is trading at €1.14 flat against the euro this morning remaining at 9 month highs as the Bank Of England sees risks if negative rates used in under 6 months. - 08/02/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to dip below seasonal average today with forecasts indication drops to -2 degree celcus. 9 LNG tankers are on the horizon. - 05/02/2021
Power fundamentals opens level with yesterday. 42% of the mix is being provided by gas fired generation. Wind generations continues to provide 20%. Biomass and coal at providing 8% and 4% - 05/02/2021
Brent oil is trading at $59.51/bbl an upside of 1.2% since yesterday's close. U.S oil refiners are predicting a strong recovery in fuel demand in the second half of this year as vaccination rates increase. - 05/02/2021
Carbon prices have opened positive by 3% this morning, currently trading at €38.34/tCO2 - 05/02/2021
The pound is trading at €1.143 against the euro extending north the up side to new nine-month high near €1.1450 - 05/02/2021
UK natural gas prices have opened on the front foot this morning despite average temperatures remaining above seasonal average. Another LNG tanker has been booked for the 19th thus increasing the send out capacity. - 04/02/2021
Power fundamentals are comfortable this morning as wind generation provides 21% of the UK mix thus bringing down gas fired generation to 46%. Biomass generation is strong at 7% and coal generation has come off to 1% - 04/02/2021
Brent oil is trading at $58.82/bbl which is a upwards movement of 0.6% since yesterday's close. OPEC+ maintained its oil output policy at a meeting on Wednesday despite an uncertain outlook for a recovery in demand as the pandemic lingers. - 04/02/2021
Carbon prices have increased by 1.3% this morning, currently trading at €37.40/tCO2. Biden's EPA pick assures lawmakers he will listen to states in climate fight - 04/02/2021
The pound is trading at €1.against the euro. The British pound held steady against the dollar and traded near an eight-month high versus the euro ahead of a Bank of England policy meeting due to discuss negative interest rates. - 04/02/2021
UK natural gas prices have opened negative this morning. UK temperatures are now set to remain above average until the weeks end. The LNG outlook as improved with a further 2 tanker set to arrive bringing Feb-21 to 9 tankers so far. - 03/02/2021
Power fundamentals firm this morning as wind contributes 20% of the UK mix. Gas fired generation remains in front at 42% and while nuclear power is flat at 13% Biomass and coal generation have increased up to 8% and 6% - 03/02/2021
Brent oil is trading at $57.78/bbl an upside of 0.6% since yesterday's close. U.S. refiners talk up renewable projects following the year of grim losses amid pandemic lockdowns that dented demand. - 03/02/2021
Carbon prices have increased by 1% this morning, trading at €35.13/tCO2 - 03/02/2021
The value of the pound continues to rise, currently trading at €1.136 against the euro. The pound has rallied, breaking a succession of major tech levels that suggest the rally could go much further. - 03/02/2021
UK natural gas prices have opened on the front foot this morning as temperatures dip below average once again. LNG send out has ramped up as of this morning on the back of yesterday's arrival, another is set to arrive this morning. - 02/02/2021
Power fundamentals are strong as wind generation has ramped up to 32% of the mix relaxing the need for gas fired turbines which now provide 38% Biomass is suppressed to 3% however the need to for coal has reduced which only provides 2% - 02/02/2021
Brent oil is trading around $56.85/bbl this morning, an upside of nearly 1% since yesterday's close. China's efforts to keep people from travelling for Chinese New Year because of several clusters of COVID-19 infections. - 02/02/2021
Carbon has opened 1% on the upside this morning. Rising back above the €33 mark to €33.10/tCO2. - 02/02/2021
Trading at €1.134 against the euro, the pound has reached new highs despite the news that Britain suffered the sharpest economic hit from the COVID-19 pandemic among Group of Seven nations.(G7). - 02/02/2021
UK natural gas prices have opened on the back foot this morning. UK temperatures remain below seasonal average for today however will rise above before coming back down to a cold Feb-21. 7 LNG tankers are set to arrive in the next 2 weeks. - 01/02/2021
Power fundamentals are weak as wind generation is suppressed down to 8% and coal and biomass are neck and neck at 5% forcing gas fired turbine to support the UK mix at 56% Nuclear power is comfortable at 13 - 01/02/2021
Brent oil is trading at £55.69/bbl an upside of 1.2% since Friday's close. Goldman Sachs reported Oil prices could rise to $65 a barrel by July amid a tight oil market and slow rebound in demand - 01/02/2021
Carbon prices have opened on the dropped by 2.5% this morning, currently trading at €32.95/tCO2 - 01/02/2021
The pound sterling is trading at €1.135 against the euro. Strengthened on vaccine optimism. The UK said it expected its supply of COVID-19 shots would not be interrupted. - 01/02/2021
UK natural gas prices opens on the front foot this morning. UK average temperatures are set to drop below average today with the outlook for Feb looking cold. Global LNG-Asian prices fall to near two-month low as demand slows - 29/01/2021
Power fundamentals are strong as the UK still receives high wind generation, currently at 26% which has suppressed the need to gas fired generation (33%). Biomass also remains strong at 8% and coal generation at 5 % - 29/01/2021
Brent oil is trading at $55.72/bbl which is an upside of 0.5% this morning. The U.S. oil industry is seeking to forge an alliance with the nation's corn growers and biofuel producers to lobby against the Biden administration's push for electric vehicles. - 29/01/2021
Carbon prices have dropped -1.4% since yesterday's close, currently trading at €33.48/tCO2 - 29/01/2021
The pound is trading at €1.130 against the euro. The EU to allow vaccine export ban until member states have order filled as the AstraZeneca is seeing supply shortages. - 29/01/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to remain above seasonal average until the week. The LNG outlook has increased to 4 tankers with the new one set to arrive tomorrow from Russia. - 28/01/2021
Power fundamentals have regained some strength this morning as wind generation has ramped up to provide 21% releasing pressure of gas fired generation which is at 38% Coal has come off from its 10% highs and biomass is strong at 8% - 28/01/2021
Brent oil is trading at $55.46/bbl this morning, a downward movement of 0.6%. Global oil demand is expected to rise by nearly 7% this year, boosted by quicker vaccine distribution and a better economic outlook. - 28/01/2021
Carbon pricing has dropped 0.7% this morning, currently trading at €33.13/tCO2. Carbon market plan could provide excuse to pollute, says Greenpeace - 28/01/2021
The pound is trading at €1.128 against the euro. The Euro drops to fresh 8-month low vs GBP on ECB rate cut risk data released yesterday afternoon. - 28/01/2021
UK natural gas prices have opened negative once again as temperatures are set to increase above seasonal average as of today. There is now 3 LNG tankers are scheduled to arrive in Feb-21 providing some support to the system. - 27/01/2021
Power fundamentals remain weakened as gas fired generation dominates the power mix at 53%. Wind generation and biomass are neck and neck providing 8% to the mix however coal generation has ramped up to nearly 10% this morning. - 27/01/2021
Brent oil is trading at $56.33/bbl an upside of 0.75% since yesterday's close. U.S. court ruling deals another blow to Dakota crude pipeline. The decision is the latest in a series of legal and regulatory setbacks for the U.S. - 27/01/2021
Carbon prices have dropped by -1.6% this morning, currently trading at €32.75/tCO2 - 27/01/2021
The pound has risen to €1.13 against the euro, rising towards last week's eight-month high. The pound has traded positively since Brexit, an event long feared. - 27/01/2021
UK natural gas prices have opened on the back foot this morning.UK temperatures are set to increase with expectations to rise above seasonal average as of tomorrow. There is currently 2 LNG tanker set to arrive to the UK this week. - 26/01/2021
Power fundamentals are weak as wind generation is down at 7%, gas fired generation is forced to support the UK mix at 54%. Biomass looks comfortable at 7% with coal following behind at 6%. Nuclear power is firm at 13%. - 26/01/2021
Brent oil is trading at €55.81/bbl a downwards move of 0.13% since yesterday's close as the prospects for the rapid approval of new U.S. economic stimulus waned while increasing new COVID infections raised questions of any recovery in demand. - 26/01/2021
Carbon prices have opened slightly positive by 0.2% this morning, currently trading at €33.30/tCO2 - 26/01/2021
The pound is trading at €1.124 against the euro - 26/01/2021
UK power prices moved sideways during the previous week with the week ending on the upside on the power curve. Increased wind generation at the start of the week provided flexibility before cold weather kicked in. - 25/01/2021
UK natural gas prices gained last week, as gas fired generation started picking up towards the end for the week. Increased support from LNG withdrawals and MRS storage weighted on pricing on Thursday. - 25/01/2021
The pound has dropped since yesterday's highs, currently trading around the €1.139 against the euro. Drop to pre-BoE lows influenced by faster UK rollout of COVID vaccines vs EU - 25/01/2021
Carbon at €34/tCO2e. 15m EUAs will be auctioned next week. - 25/01/2021
Pound at €1.12 and $1.37. - 25/01/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures have dipped below seasonal average with expectations to be 0 Degrees Celsius over the weekend. The UK is expected a LNG arrival today. - 22/01/2021
Power fundamentals weaken as calmer weather conditions arrive forcing gas fired generation up to 40% and supressing wind generation down to 24%. Biomass also slightly weakened to 6% bring coal back online to 4% - 22/01/2021
Brent oil has dropped 1.4% this morning, currently trading at $55.38/bbl. Iran has achieved record high exports of petroleum products despite U.S. sanctions. Oil drops 1% as China's surging COVID-19 cases trigger clampdowns. - 22/01/2021
Carbon prices are trading at €33.68/tCO2 which is a downwards movement of 0.75%. U.S. envoy Kerry says climate change measures must be stepped up - 22/01/2021
The pound has dropped 0.5% since yesterday's close, trading at €1.124 against the euro. EUR/GBP rises to threaten 0.89 on UK retail sales data miss. - 22/01/2021
UK natural gas prices have opened on the back foot this morning. Temperatures are above average however is set to dip below as of tomorrow. The UK is expected to receive a LNG tanker on Saturday morning. - 21/01/2021
Power fundamentals are strong as storm Christoph provides 34% of wind generation, gas fired generation follows behind at 31%. Biomass continues to provides 8% and the recent healthy renewable generation has forced coal less that 1%. - 21/01/2021
Brent oil is trading at $55.68/bbl a downwards movement of -0.8% since yesterday's close. Oil slipped this morning after industry data showed a surprise build in U.S. crude inventories that reignited pandemic-led demand concerns. - 21/01/2021
Carbon prices have opened positive by 1% this morning, currently trading at €33.09/tCO2. Climate-change leaders and campaigners worldwide welcomed U.S. President Joe Biden's move to re-join the 2015 Paris Agreement. - 21/01/2021
The pound is trading at €1.133 against the euro. The forex has risen to eight-month high levels. - 21/01/2021
UK natural gas prices have opened on the upside this morning. UK temperatures are above seasonal average before dipping below at the end of the week. LNG-Asian prices rise to record high but warmer weather to weigh on pricing. - 20/01/2021
Power fundamentals are comfortable this morning as wind generation provides 18% to the power stack resulting in a release in pressure on gas fired turbines which is providing 47%. Biomass is strong at 8% and coal remains low at 4% - 20/01/2021
Brent oil is trading at $56.36/bbl which is a upwards movement of 0.8% this morning. Saudi Arabia, the world's biggest oil exporter, beat Russia to keep its ranking as China's top crude supplier in 2020. - 20/01/2021
Carbon prices have increased by 1.5% since yesterday's close, currently trading at €33.39/tCO2 - 20/01/2021
The pound is trading at €1.129 against the euro rising to eight-month high just shy of €1.13 - 20/01/2021
UK natural gas prices have opened on the front foot this morning. The UK is now expecting 3 LNG arrivals for January which provides some support to the system. Temperatures are above seasonal average before dropping at the end of the week - 19/01/2021
Power fundamentals are comfortable as wind generation provides 20% supporting the gas fired generation which has come down to 45% Biomass is strong at 8% and coal generation is down at 4% - 19/01/2021
Brent oil is trading at $55.22/bbl which is an upside of nearly 1% since yesterday's close. Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs - 19/01/2021
Carbon prices have opened positive by 2.7% this morning, currently trading at €32.31/tCO2 - 19/01/2021
The pound is trading at €1.123 against the euro. The forex holds above 1.1200 after fall from nine-week high - 19/01/2021
UK natural gas prices have opened back foot this morning. The UK LNG outlook has slightly improved with 2 tankers now set to arrive. UK temperatures are above seasonal average and is set to remain this way until mid week. - 18/01/2021
Power fundamentals are stronger this morning as wind generation provides nearly 30% of the UK mix resulting in gas fired turbines coming down to 45%. Coal generation has also come down to 3% to match biomass. Nuclear is comfortable at 16% - 18/01/2021
Brent oil is trading at $54.61/bbl which is a downwards movement of -0.9% Friday's close. Biden may cancel Keystone XL pipeline permit as soon as his first day in office. Oil supply-led rally comes to and end as virus cases surge - 18/01/2021
Carbon prices have opened positive by 0.6% this morning, currently trading at €31.1/tCO2. UN Chief Calls for 'Urgent Transition' From Fossil Fuels to Renewable Energy - 18/01/2021
The pound is trading at €1.121 against the euro continuing at last week close with the Euro remaining at nine week lows - 18/01/2021
UK natural gas prices have opened downwards once again. UK average temperatures is set to remain around 3-4 degree Celsius until the end of the week. The UK is expected 1 LNG arrival on the 22nd of Jan. - 15/01/2021
Power fundamentals are weak as gas fired generation dominated the power mix at 54% due to the fact wind generation has dropped to 4%, Coal generation remains to provide 8% to the UK and hydro is supporting 2% - 15/01/2021
Brent oil is trading at $55.77/bbl a downwards movement of -1.15% since yesterday's closing price. China's crude imports hit record on stockpiling with oil drops as Chinese lockdowns, U.S. unemployment data drains the recent rally. - 15/01/2021
Carbon prices have come off by nearly -1.5% this morning, currently trading at €33.07/tCO2 - 15/01/2021
The pound sterling is trading around €1.125 against the euro this morning. Euro falls to nine-week low against the pound - 15/01/2021
UK natural gas prices have opened on the front foot this morning. UK average temperatures have dipped back below seasonal average levels. LNG price boom set for fall as warmer weather looms in Asia. - 14/01/2021
Power fundamentals are firmer this morning as wind generation has increased to 21% supressing the demand for gas fired turbines which contribute 49%. Biomass remains around 5% and coal also remains at highs of 8%. - 14/01/2021
Brent oil is trading at $56.09/bbl which is relatively flat compared to yesterday's close. China's 2020 crude oil imports hit record on stockpiling, new refineries. The vaccine role out continues to blur the oil outlook. - 14/01/2021
Carbon prices have opened negative by -0.8% this morning, currently trading at €33.28/tCO2 - 14/01/2021
The pound is trading at €1.124 against the euro.Price ascends to threaten Wednesday's seven-week highs - 14/01/2021
UK natural gas prices have opened on the back foot this morning as the short rise in UK average temperature supports the system. Norwegian imports are lower today with the drop in demand releasing some pressure on the system. - 13/01/2021
Power fundamentals are weak as wind has dropped even further to 8% forcing gas fired turbines to increase to 52%. Biomass has fallen to 4% and coal generation has increased back to high levels of around 8% - 13/01/2021
Brent oil has traded positive by 0.5% since yesterday's close, currently trading at $56.79/bbl. Saudi Aramco cuts Feb crude supply to some Asian refiners as well as the U.S.tells European companies they face sanctions risk on Nord 2 pipeline - 13/01/2021
Carbon prices have opened this morning at €34.54/tCO2 which is a downwards movement of nearly 1%. - 13/01/2021
The pound is trading at €1.122 against the euro this morning as the forex rises to its highest level for seven weeks. - 13/01/2021
UK natural gas prices have opened on the front foot once again despite the system opening oversupplied this morning. UK Temperatures remain cold however we are fluctuating around seasonal average. There is no LNG arrivals scheduled for the UK. - 12/01/2021
Power fundamentals are weak as wind generation dropped off to 14% gas fired generation has to support at 50%. Nuclear power is up at 15% and coal generation has ramped up to contribute 10% of the UK mix. - 12/01/2021
Brent oil is trading at $55.95/bbl an upside of 0.6% since yesterday's close. Oil prices rise on expected inventory drawdown. Demand concerns continue on the global fears of the rising Covid-19 cases. - 12/01/2021
Carbon prices have opened positive by 1% this morning, currently trading at €34.91/tCO2 Analysts sharply raise EU carbon price forecasts on tougher climate goals. - 12/01/2021
The pound is trading at €1.115 against the euro . Prices rises to one-week high as gilt yields rise - 12/01/2021
UK natural gas prices have opened positive this morning. The UK is expecting 1 LNG arrival in total scheduled to dock the mainland today and UK temperatures are set to rise above seasonal average today - 11/01/2021
Power fundamentals are hopeful this morning as wind generation provide 30% of the UK power mix resulting in gas fired generation supressing itself down to 40%. Biomass and coal generation are neck and neck at 4% - 11/01/2021
Brent is trading at $55.53/bbl which is a downside of nearly -1% this morning. Severe coronavirus restrictions around the world to contain surging infection rates continue to rise concern. - 11/01/2021
Carbon prices have dropped -1% since Friday's close, trading at €34.82/tCO2. Norway plans to more than triple its national tax on carbon dioxide (CO2) emissions by 2030 to help it reach its climate goals - 11/01/2021
The sterling is currently trading at €1.108 against the euro. UK ramps up COVID vaccinations as it faces 'worst weeks' of pandemic - 11/01/2021
UK natural gas prices have opened positive once again. There is just 1 LNG tanker on the horizon for the UK, expected on the 11th January as another tanker has diverted to Portugal. UK Temperatures are set to be 0 degrees Celsius today. - 08/01/2021
Power fundamentals are weak once again as wind drops off further to 7% resulting gas fired generation supporting at 54% Biomass and coal generation are neck and neck at 7% - 08/01/2021
Brent oil is trading at $54.86 an upside of nearly 1% since yesterday's close. We could expect this to continue to rise as the US begins the ‘orderly transition’ to a new presidency. - 08/01/2021
Carbon prices have opened up by 0.45%, currently trading at €34.85/tCO2 - 08/01/2021
The pound is trading at €1.111 against the euro. If Britain's vaccination program goes to plan, it could give a spring boost to a UK economy, which looks likely to tip back into recession - 08/01/2021
UK natural gas prices have opened on the front foot this morning. Temperatures are set to get to freezing today before rapidly increasing until early next week. A further LNG tanker is on the horizon for this week making three arrivals in total. - 07/01/2021
Power fundamentals remain weakened as wind generation contributes 7% to the power mix resulting in gas fired turbines supporting at 53%. Coal generation continues to generation at 9% as well as biomass at 7% - 07/01/2021
Brent oil is trading at $54.63/bbl which is an upside of 0.6% since yesterday's close. Decembers oil output rises for sixth month in the row led by Libya with output is set to rise further in January. - 07/01/2021
Carbon prices have opened positive by 1.25% this morning, currently trading at €33.95/tCO2 - 07/01/2021
The pound is trading at €1.107 against the euro - 07/01/2021
UK natural gas prices have opened on the front foot this morning. UK temperatures are set to drop until tomorrow before ramping up above seasonal average. We have a LNG arrival today with another now due to dock on the 9th. - 06/01/2021
Power fundamentals are weak as wind generation has dropped to 8% resulting in a spike in gas fired turbine, 51%. Biomass has increased to 7% after yesterday's drop however coal generation has ramped to nearly 10%. - 06/01/2021
Brent oil is trading at $53.91/bbl which is an upside of 0.6% this morning. Brent oil has hit the highest levels since Feb-20 after Saudi Arabia vows extra cuts as OPEC+ agrees small rise in oil output. - 06/01/2021
Carbon prices have opened positive this morning by 1.7%, currently trading at €33.44/tCO2 - 06/01/2021
The pound is trading at €1.105 against the euro. UK's 'Herculean' vaccine target can be achieved with the aim to vaccinate around 14 million of the most vulnerable people against COVID-19 by the middle of next month. - 06/01/2021
UK natural gas prices have opened on the back foot this morning. A LNG tanker has been scheduled to arrive tomorrow from Russia. Asian LNG prices have hit 6 year highs. Temperatures are set to increase from tomorrow. - 05/01/2021
Power fundamentals remains weakened as gas fired generation dominates the stack at 48%, wind generation has reduced since yesterday to 20%.Coal generation has ramped up to 8% as biomass comes of to 5% - 05/01/2021
Brent oil has opened flat this morning, trading at $51.14/bbl. Volatility provided by the new Covid-19 strain. Demand concerns continue to weigh on the commodity. Last-minute White House decision opens more Arctic land to oil leasing. - 05/01/2021
Carbon prices have dropped nearly 1% this morning, currently trading at €33.11/tCO2 - 05/01/2021
The pound is trading at €1.104 against the euro. Boris Johnson announce a new national lockdown yesterday evening. - 05/01/2021
UK natural gas prices have opened on the front foot this morning. The LNG outlook for Jan-21 doesn’t have any expected arrivals as of yet. Temperatures remain below seasonal average. - 04/01/2021
Power fundamentals are weak as gas fired turbines dominate the power mix at 47%, we see a strong wind generation at 22%. Nuclear power remains firm at 15% and biomass continues to contribute 7% of the UK's mix. - 04/01/2021
Brent oil is trading at $53.01/bbl an upside of 2.3% this morning. OPEC sees plenty of downside risks for oil markets in the first half of 2021 and Venezuela's oil exports sink to 1940's level under tighter U.S. sanctions. - 04/01/2021
Carbon prices have opened positive by nearly 5% this morning, currently trading at €33.98/tCO2 - 04/01/2021
The sterling is trading at €1.114 againt the euro. UK members of Parliament meet and agreed to pass a the Brexit trade deal providing an upside in the forex. - 04/01/2021
UK natural gas prices have opened on the front foot this morning UK temperatures are set to drop as of today before getting to 1 degrees on Christmas. Three LNG tankers are expected in the next two days providing support to gas demand. - 23/12/2020
Power fundamentals are stronger this morning as wind generations ramps up to 18% which matches nuclear generation at 18% . Gas fired turbines are thus suppressed to 38% of the power mix. Coal power provide 5%. - 23/12/2020
Brent oil is trading at $49.93/bbl which is a downwards movement of 0.4% since this morning. Some unforeseen volatility yesterday pushed oil u to $51 however this was short lived with the new Covid strains weighing on the commodity. - 23/12/2020
Carbon prices have opened positive by 1.55% this morning, currently trading at €31.61/tCO2 - 23/12/2020
The pound is trading at €1.101 against the euro. The recent jump is due to hopes rising as a Brexit deal could yet be agreed. New Covid strains also provide volatility for the forex markets. - 23/12/2020
UK natural gas prices have opened on the front foot once again as an increase in demand has been seen due to an increase in storage injections. UK weather temperatures are expected to dip below seasonal normal just after Christmas. - 22/12/2020
Power fundamentals are weak as wind generations has dropped off to 11% resulting in an increase of gas fired turbines which are contributing 51% of the power mix. Biomass provides 6% and coal contributes 4%. - 22/12/2020
Brent oil is trading softly as it trades at $50.26/bbl a downwards movement of -1.3% since yesterdays close. The large impact is contributed by the news of another strain of coronavirus spreading and what impact that may see on demand. - 22/12/2020
Carbon prices have opened short by -1.5% this morning, trading at €30.71/tCO2 - 22/12/2020
The pound gained strength yesterday, currently trading at €1.100 against the euro. Brexit talks are ongoing yet unlikely. - 22/12/2020
UK natural gas prices opened on the front foot this morning. The UK is expected to received 8 further LNG tankers before the end of the year. Temperatures remain above seasonal average until the final week of the year. - 21/10/2020
Power fundamentals are weak this morning as gas fired generation dominates the power mix at 40%, wind generation has increased up to generate 24%. Nuclear generations provide a firm 17% and biomass continues to hover around the 7% mark. - 21/10/2020
Brent oil is trading at $50.41/bbl a downwards movement of -3.6% this morning. The new strains of coronavirus is providing further demand concerns. - 21/10/2020
Carbon prices have opened -1.8% since yesterday's close, currently trading at €30.38/Co2 - 21/10/2020
The sterling has dropped -1.5% this morning, currently trading at €1.086 against the euro - 21/10/2020
The UK power prices have opened fairly flat today, as the wider commodities lost some of their gains from the beginning of the week. - 18/12/2020
The UK gas system is long today, with stable pipeline flows through Langeled, whereas LNG sendout has dropped to just 25mcm. However, 8 LNG cargoes are expected to arrive in Britain until the end of the year. - 18/12/2020
Brent oil prices keep their levels as of the last couple of days with Brent trading above $51.00/bbl. - 18/12/2020
Carbon prices softened as we progressed towards the end of the week and currently trading just at €31.53/tCO2e. - 18/12/2020
The pound keeps moving sideways, currently at €1.102 against the euro, while we are about to enter another week of Brexit developments. - 18/12/2020
The UK gas system is undersupplied this morning. Gas demand for power generation has increased. St Fergus flows are reduced by 11mcm this morning and LNG flows are also lower. - 17/12/2020
Wind generation remains healthy and is expected to reach highs of 13GW over the weekend. UK is exporting 0.7GW through the French interconnector, compared with over 1GW import yesterday. This has increased CCGT reliance. - 17/12/2020
Brent oil prices increased above $51.7/bbl. US inventory data from yesterday showed a drop of 3.1 million barrels against a 15 million barrel increase from the a week before. - 17/12/2020
Carbon prices continue to see strength and currently trading just below above €32.00/tCO2e. - 17/12/2020
The pound is up and trading at €1.11 against the euro as chances of a deal between the EU and the UK seem to increase in likelihood. - 17/12/2020
Gas prices open slightly lower this morning from yesterday’s settlement as cooler than seasonal normal temperatures do not allow for further softening. - 16/12/2020
Power prices follow suit with a lower change in magnitude than that of natural gas. Despite an increase in wind generation, the French and Nemo interconnectors support the UK mix with 1GW of flows each, as of the time of writing. - 16/12/2020
Brent oil prices ticked up and trading just below $51.00/bbl, despite a 2m barrel build up in US stockpiles as reported yesterday. - 16/12/2020
Carbon prices keep trading above €32.00/tCO2e. - 16/12/2020
The pound is only 0.05% higher this morning from previous close and currently trading at €1.107 against the euro. - 16/12/2020
Gas and power prices open firmer for another day as the cold weather for Christmas week and the increase in carbon prices, have added support on natural gas and power contracts. - 15/12/2020
Power prices have increased more moderately than those of gas, while renewables generation is expected to increase substantially tomorrow and provide flexibility. - 15/12/2020
Brent oil prices move sideways with prices trading at $50.20/bbl as of the time of writing, as OPEC+ 2021 demand forecast has been revised lower from before but higher than 2020 demand. - 15/12/2020
Carbon prices rose to €32.00/tCO2 during yesterday’s trading. Starting from the new year, the UK will leave the European Union Emissions Trading Scheme (EU ETS) and will launch the UK Emissions Trading Scheme (UK ETS). - 15/12/2020
The pound keeps moving sideways at €1.09 against the euro, as the currency pair remains headline driven. - 15/12/2020
UK natural gas prices rose last week despite a well-supplied UK gas market with MRS and LNG withdrawals adding further support to the system flexibility. - 14/12/2020
UK power fundamentals have been tight all week as gas fired generation peaked on the back of lower that seasonal normal temperatures. - 14/12/2020
Oil saw strong gains on Thursday, despite EIA data from Wednesday showing a significant build-up of crude stocks. The main reason behind the price support is the increase in Asian demand. - 14/12/2020
Carbon prices rose above €31.00/tCO2. - 14/12/2020
Nothing new in the trade negations as the crucial week (and the agreed deadline) remains the last week of December. The £ is still trading at € 1.10, with movements of +-1% in the pound being expected by the market, as the trade talks continue. - 14/12/2020
UK natural gas prices has opened on the front foot this morning. Temperatures have now risen above seasonal average. LNG send out has increased along with Norwegian import to the mainland. - 11/12/2020
Power fundamentals opens the same to yesterdays with a firm wind generation of 18% forcing gas fired generation to support at 47%. Coal and biomass are neck and neck at 7% and nuclear is comfortable at 15%. - 11/12/2020
Brent oil opens at $50.25/bbl which is a downside of -0.2 after yesterday's spike above $50/bbl which is the highest price seen since March. The EU is preparing new sanctions over the newly found Turkish gas field. - 11/12/2020
Carbon prices are trading 0.45% lower this morning, trading at €30.70/tCO2. Prices have hit a all time high after the EU climate deal. - 11/12/2020
The pound has dropped in value by 0.6%, currently trading at €1.089 against the euro. - 11/12/2020
UK natural gas prices have opened on the firm this morning. The UK is expected to receive a further 5 LNG tankers before the years end. Temperatures are expected to be above seasonal average today. - 10/12/2020
Power fundamentals are less weak this morning as wind generation has ramped up to 20% of the power mix bringing down gas fired turbines to 48%. Coal has increased to 7% to match biomass. - 10/12/2020
Brent oil is trading at $49.12/bbl which is an upside of 0.6% this morning as oil increased on the back of the coronavirus vaccine release. Vaccinations could starts on the weekend for the United States. - 10/12/2020
Carbon prices have opened 1% higher compared to yesterday's closing price, currently trading at €30.02/tCO2. - 10/12/2020
- 10/12/2020
UK natural gas prices have opened on the front foot this morning. The system has opened over supplied with storage injection easing off. Temperatures remain below average however is set to increase as of today. - 09/12/2020
Power fundamentals remains weakened as gas fired turbines hold the stack at 54%. Wind generation has dropped to 9% however forecasts still expect a rising is generation. Nuclear has increased up to 16% and biomass to 7%. - 09/12/2020
Brent oil is trading at $49.41/bbl which is an upside of +1.2%. Fluctuations are being caused by the build in oil inventories reported, 1.14 million barrels per week along with Coronavirus vaccine news. - 09/12/2020
Carbon prices have opened +1.5% since yesterday's close, currently trading at €30.05/tCO2 - 09/12/2020
The pound opens positive this morning as it currently trades at €1.107 against the euro. Boris Johnson is travelling to Brussels in the hope of securing a break through in talks with President of the EU Council Ursula von der Leyen. - 09/12/2020
UK natural gas prices have opened firm this morning. Warmer temperatures are expected around the 13th of December across the continent. LNG stocks are likely to be healthy with another 7 cargoes expected in December. - 08/12/2020
Power fundamentals remains weak as gas fired turbines hold the power mix at 52%. Wind generation is providing 12% and is expect to increase as of the next week. Biomass is at 7% and coal generation continues to be high at 6%. - 08/12/2020
Brent oil is trading at $48.66/bbl a downwards movement of -0.3% since yesterday's close. Any news on the back of Brexit talks with provide some movement, despite a deal looking less and less likely. - 08/12/2020
Carbon prices have opened positive by 1.1% this morning, currently trading at €29.99/tCO2 with some likely volatility due to the EU summit towards the end of the week. - 08/12/2020
The pound is trading at €1.101 against the euro. The vaccine has now been rolled out across the UK with the first patients receiving the dose today in Coventry. - 08/12/2020
UK natural gas prices have opened on the back foot this morning. Temperatures remain below seasonal average however forecasts show a reversal towards the end of the week. LNG send out has increased this morning. - 07/12/2020
Power fundamentals are weak as wind generation is suppressed down to 5% resulting is support from gas fired generation which provides 56% of the mix. Coal generation up at 6% however biomass is also up to 7%. - 07/12/2020
Brent oil is trading at $48.61/bbl a downwards movement of -1.3% continuing to see strength this morning on the announcement of OPEC production cuts being reduced to a less than expected levels. - 07/12/2020
Carbon prices have dropped -1.6% this morning, currently trading at €29.62/tCO2. - 07/12/2020
The pound is trading at €1.093 against the euro. A drop of -1.1% since Friday's close. Brexit talks continue with the loss in confidence being provided by the conflicting reports on weather a deal is likely. - 07/12/2020
UK natural gas prices have opened on the front foot this morning with month ahead increasing nearly 3%. Temperatures continue to fall below seasonal average as a result UK demand increases, LNG send out remains firm to support. - 04/12/2020
Power fundamentals look stronger this morning as wind generations has increased to 26% resulting is a demand drop in gas fired generation, currently at 43%. Coal generation has also dropped to 2% and biomass remains firm at 7%. - 04/12/2020
Brent oil is trading at $49.85/bbl which is an upside of 2.3% since yesterday's closing price as a result of yesterday OPEC+ meeting which decided to increase production. Opec+ and Russia also agreed a deal to increase from January. - 04/12/2020
Carbon prices have opened positive by 2.2% this morning, trading at €29.66/tCo2. - 04/12/2020
The pound is currently trading at €1.104 against the euro. - 04/12/2020
UK natural gas prices have opened this morning on the back foot. We see a strong demand with the UK low temperatures. LNG send out remains strong with the outlook for vessels arriving continues to appear positive. - 03/12/2020
Power fundamentals are weak this morning as suppressed wind generation (10%) is forcing gas fired generation to support the UK mix at 55%. Nuclear generation remains comfortable at 15% and coal contributes 5% of the stack. - 03/12/2020
Brent oil has opened positive this morning by 0.5%, trading at $48.47/bbl. The delayed OPEC meeting is scheduled to take place today with reports indicating that OPEC could see a reduction in production cuts from early 2021. - 03/12/2020
Carbon prices open short this morning by -0.7%, trading at €29.36/tCO2 - 03/12/2020
The pound continues to drop in price, currently trading at €1.105 against the euro. Reports show French officials are pushing for the EU to allow only 48 hours of negotiations. - 03/12/2020
UK natural gas prices open on the back foot this morning as the system opens comfortable once again despite the drops in temperatures. LNG outlook is optimistic with 8 tankers due to arrive in December. - 02/12/2020
Power fundamentals remain dominated by gas fired turbines which provides 52%. Wind generation contributes 13% and biomass gives 7% to the stack however coal has increased to 6%. - 02/12/2020
Brent is trading at $47.50/bbl. Opening relatively flat this morning but support levels have been provided by the news that the Pfizer-BioNTech vaccine has been approved for use in the UK as early as next week. - 02/12/2020
Carbon prices have dropped -0.5% this morning, trading at €28.79/tCO2 - 02/12/2020
The pound is continuing to drop in value, currently trading at €1.108 against the euro. EU’s chief negotiator again states that there may be no Brexit deal - 02/12/2020
UK natural gas prices have opened on the front foot this morning. The system is comfortable with a strong LNG send out and import flows from Norway despite the colder temperatures for the UK and the continent. - 01/12/2020
Power fundamentals are weak this morning as gas fired generation dominates the power mix at 54%, wind generation is low at 15% however biomass continues to provide 8% to the stack. Coal and hydro provide 2% each. - 01/12/2020
Brent oil is trading at $48.25/bbl an upside of nearly 1% this morning. The OPEC meeting that was scheduled for today has been delayed by two days meaning we have to wait to see if production will remain reduced. - 01/12/2020
Carbon prices have opened on the upside by 2%, currently trading at €29.72/tCO2 continuing its bullish momentum. - 01/12/2020
The pound is trading at €1.118 against the euro this morning. Recent losses as we edge closer to deal with the EU. - 01/12/2020
UK natural gas prices have opened on the front foot this morning. LNG flows have dipped today despite the arrival yesterday and the one scheduled for today. Norwegian flows remain strong to the mainland. - 27/11/2020
Power fundamentals remain weak as gas fired generation dominate the mix at 62% as wind contributes only 2%. Biomass continues to provide 8% on the other hand coal increased further to 7%. - 27/11/2020
Brent oil is trading at €47.59/bbl which is a downwards movement of -0.5% since yesterday's close. Libyan oil supplies have come back online with a reserve of 1.3 million barrels per day. A keen eye is on the OPEC meeting next week. - 27/11/2020
Carbon prices have opened positive by 1.2%, currently trading at €28.48/tCO2 - 27/11/2020
The pound opens flat this morning, currently trading at €1.12 against the euro. - 27/11/2020
UK natural gas prices have opened on the front foot this morning. Weather models show warmer temperatures for next week. LNG send out has risen on the back of the yesterday's arrival. - 26/11/2020
Power fundamentals are weak as wind generation drops off to 1% resulting in gas fired generation supporting at 62% and coal generation at 6%. Nuclear power continues flat at 15% - 26/11/2020
Brent oil has opened at $47.80/bbl this morning which is a drop of -1.7% since yesterday's close. Any news regarding the vaccinations will help support the commodity. - 26/11/2020
Carbon prices have dropped by -0.8% this morning, currently trading at €27.43/tCO2 - 26/11/2020
The pound continues to trade at €1.12 against the euro. - 26/11/2020
UK natural gas prices have opened on the front foot this morning. Temperatures remain above seasonal normal. LNG send out is strong and the UK is expecting a tanker today. Higher prices are rerouting Norwegian flows to the UK. - 25/11/2020
Power fundamentals are weak this morning as gas fired generation dominates the power stack at 57%. Wind generation is contributing 13% and biomass is providing 8% however coal power is online and at 3% to support. - 25/11/2020
Brent oil is trading at $48.64/bbl which is a upside of 1.7% since yesterday's close. Reports that the new Covid-19 vaccines and Donald Trump are accepting a transition are the main drivers behind the move. - 25/11/2020
Carbon prices have opened positive this morning by 0.3% this morning, currently trading at €27.74/tCO2 - 25/11/2020
The sterling continues to trade at €1.12 against the euro. - 25/11/2020
UK gas prices bounced back this morning following yesterday’s gains made on the back of positive vaccine news. LNG sendout is at 70% while gas fired generation dropped from yesterday and currently contributing 33% to the power generation mix. - 24/11/2020
Power prices are yet to start trading this morning while first prices show a drop, in line with natural gas prices. Wind generation is up to 10GW, or 30% of the overall generation mix, thus adding further pressure on prices. - 24/11/2020
Brent crude prices are currently priced above $46.00/bbl amid positive Covid vaccine news that raise hopes of faster global demand recovery, while the president elect of the US has given the green light to begin the government transition. - 24/11/2020
Carbon prices are flat today, at €27.25/tCO2e. - 24/11/2020
The pound keeps trading around €1.12 against the euro. - 24/11/2020
UK gas prices opened firmer today on the back of the colder weather, however temperatures are expected to become milder in the first week of December. LNG is strong while 7 tankers are scheduled for arrival this week. - 23/11/2020
Power prices follow suit as coal contributes 1GW to the power mix while gas fired generation makes up 45% of the overall mix. Wind generation remains at 20%. Imports from the Dutch, Nemo and French interconnectors add further support to the UK. - 23/11/2020
Brent crude prices are currently priced above $45.00/bbl amid positive news from AstraZeneca’s vaccine trials. Market looks more optimistic about global demand recovery in the future. - 23/11/2020
Carbon prices are also higher this morning and currently trading at €27.25/tCO2e. - 23/11/2020
The pound is currently changing hands above €1.12 against the euro while PMI news are expected today for both the EU and the UK. - 23/11/2020
UK gas prices softened further this morning, as short term gas drives weighing on the near curve. No change has ben made in fundamentals from yesterday while a small increase has occurred on gas fired generation from the previous day. - 20/11/2020
Power prices come off, though more moderately than gas. Milder weather weighed on the prompt and the near curve. Wind generation contributes 6.5GW or 17% of the power generation mix and expected to increase further throughout the day. - 20/11/2020
Brent crude prices are currently priced at $44.40/bbl with little changes made overnight. OPEC+ is expected to delay any rises in production for the following months. - 20/11/2020
Carbon prices ticked up at today’s opening, at 26.65/tCO2e. - 20/11/2020
The pound keeps trading at €1.11-€1.12 against the euro, as the EU-UK trade negotiations continue. - 20/11/2020
UK natural gas prices softened again this morning, thus reflecting the well supplied market with a comfortable LNG outlook and milder temperatures. The effect of the cold weather expected for today, was cancelled out by the strong fundamentals once again. - 19/11/2020
Power prices are yet to start trading, however these are expected to soften and mirror the direction of gas prices, as wind generation remains strong despite a slight drop from yesterday’s levels. - 19/11/2020
Brent crude prices trade flat at $44.00/bbl this morning, following the latest update on US crude stock levels. - 19/11/2020
Carbon prices trade softer as a result of a softer wider energy commodity complex. Currently prices are moving below €27.00/tCO2e. - 19/11/2020
The pound trades sideways and below €1.12 against the euro, as the same story continues, in terms of EU-UK trade negotiations, without a deal yet in place. - 19/11/2020
UK natural gas prices have opened flat this morning following yesterday’s drop. Average temperatures are expected to drop closer to seasonal normal levels. The system remains well supplied today with Norwegian flows comfortable, however gas demand for power generation has slowed down today. - 18/11/2020
Power prices are yet to open, with first signs of the day showing a strong wind generation and reduced reliance on gas fired generation. Imports from the continent are strong this morning. - 18/11/2020
Brent crude prices continue to signal upside daily movements on the back of optimism around vaccine developments for Covid -19. Prices moved 1% higher as of the time of writing from last night’s close, at $44.15/bbl. - 18/11/2020
Carbon prices started slightly on the upside this morning with EUAs trading at €27.72/tCO2e, as we move towards Phase 4 of the EU ETS. - 18/11/2020
The pound continues to hold strength at €1.113 against the euro and more volatility is expected as we approach the end of the year and no deal has been agreed yet. The market consensus is that some sort of deal will be achieved between the UK and the EU. - 18/11/2020
UK natural gas prices have opened on the back foot this morning. The seemingly increasing prospect of a cold spell across Europe is expected at the end of November. LNG send out has opened short with the UK's low demand. - 17/11/2020
Power fundamentals are strong this morning as wind generation contributes 34% of the power mix thus supressing gas fired generation to 20%. Biomass contributions continue to increase now at 8%. - 17/11/2020
Brent oil opens fairly flat since yesterday's close, trading at $43.82/bbl. Yesterday’s statement by US biotechnology firm Moderna that its coronavirus vaccine was up to 94.5% effective which led to price strength in oil markets. - 17/11/2020
Carbon prices have opened negative this morning by -1.6%, currently trading at €26.96/tCO2. Like the oil markets the price of EUA's have also seen the impact from the increasing optimism around a Covid vaccine. - 17/11/2020
The pound continues to hold strength at €1.113 against the euro. Conflicting reports with this morning with one report suggest the real deadline is the 31st December and the other and other suggest a deal by early next week. - 17/11/2020
UK natural gas prices have opened on the front foot this morning as gas fundamentals look comfortable. Norwegian imports rose firmer over the weekend and we the UK is expected six cargoes by the 6th December. - 16/11/2020
Power fundamentals are strong this morning with wind generation dominating the power mix at 38%. Gas fired generation is at 31% and bio is high at 7% which makes the total renewables pot 47%. - 16/11/2020
Brent oil is trading at $43.77/bbl which is an upside of 2.3% since Friday's close as OPEC members have all agreed to cut oil production back in October. Hopes of a coronavirus vaccine continues to hold the price. - 16/11/2020
Carbon prices are seeing a positive morning by 1.5%, currently trading at €26.67/tCO2 - 16/11/2020
The sterling is trading at €1.1160 against the euro with the uplift coming from the Brexit talks. The EU leaders conference on Thursday will likely create some volatility. - 16/11/2020
UK natural gas prices have opened on the back foot this morning with temperatures continuing to be above seasonal normal. LNG send out despite this the system opened slightly undersupplied this morning. - 12/11/2020
Power fundamentals are strong with wind generation and gas fired generation neck and neck at 29% bringing the total renewables stack to 40%. Biomass remains are 6% and nuclear continues to contribute 17% - 12/11/2020
Brent oil is down by -0.75% since yesterday's close trading at $43.46/bbl following the fact that a vaccine for Covid-19 will not have a marked impact for some time. - 12/11/2020
Carbon prices are trading at €25.71/tCO2 this morning which is a downside of -1.65% since yesterday's close - 12/11/2020
The pound has dropped below the €1.12 mark, currently trading at €1.116 against the euro all eyes will now be moving back towards the lack of developments in Brexit. - 12/11/2020
UK natural gas prices have opened on the front foot this morning with gas demand remaining low allowing the reduced LNG send out to have a very minimal impact. Temperatures continue to show above seasonal-normal temperatures. - 11/11/2020
Power fundamentals have strengthened as wind generation contributes 25% to the power stack. Gas fired turbines remains in the lead at 38%. Nuclear generation continues to contribute 18% to the power mix. - 11/11/2020
Brent oil is trading at $44.57/bbl which is an upside of 2% since yesterday's close. The commodity continues to see gains with the world can now see a potential way out of the Covid-19 pandemic. - 11/11/2020
Carbon prices have opened positive by 1.8%, currently trading at €26.69/tCO2 on the back of global optimism for increased demand - 11/11/2020
The pound is trading at €1.128 against the euro showing strong gains as the UK is reported to be at the front of the queue for an order of 40 million doses of the new Pfizer cure. - 11/11/2020
UK natural gas prices open on the front foot this morning. Temperatures are set to be higher than seasonal average which is why demand is low. LNG send out is fairly strong this morning along with Norwegian imports. - 10/11/2020
Power fundamentals are weak as gas fired generation holds the power mix at 57%, Wind generation is contributing 7% and nuclear generation is comfortable at 18%. The UK in still importing at capacity via the French interconnector. - 10/11/2020
Brent oil is trading at $42.85/bbl.The market has increased nearly 9% in the last 2 days following the announcement of a Covid-19 vaccine with 90% effectiveness being produced. - 10/11/2020
Carbon prices saw a bullish drive of 5% yesterday afternoon however this has opened short this morning of -0.5%, currently trading at €26.47/tCO2. - 10/11/2020
The pound is trading at €1.12 against the euro this morning. - 10/11/2020
UK natural gas prices have opened on the front foot this morning. Despite the increased demand the system has opened oversupplied. LNG send out has increased with 5 tankers on the horizon for the next 2 weeks. - 04/11/2020
Power fundamentals are weak as wind generation drops of further to 11% resulting in gas fired turbines supporting the mix at 50%. Biomass continues at 6% however coal generation has come online to 3%. - 04/11/2020
Brent oil is trading at $39.91/bbl which is an upside of 0.5% this morning. One main driver in the market is the US election Trump is perhaps somewhat prematurely claiming victory. - 04/11/2020
Carbon prices have dropped by -1.4% since yesterday's close - 04/11/2020
The pound is trading at €1.108 against the euro. Brexit talks have been placed on hold until the end of the week, The uncertain election is expected to create some volatility in the worlds markets. - 04/11/2020
UK natural gas prices open on the front foot as the system is well supplied. Colder weather is on the horizon for the end of the month. LNG send out has increased with the outlook increasing to 7 tankers. - 03/11/2020
Power fundamentals are weak as wind generation drops off to 18% gas fired turbines are forced to support at 41% Nuclear and biomass generation remain level at 18% and 6%. Coal remains offline. - 03/11/2020
Brent oil is trading at $39.65/bbl an upside of nearly 2% since yesterday's close. OPEC are scheduled to meet at the end of the month to discuss whether to increase previously agreed Q1 production cuts. - 03/11/2020
Carbon prices have opened +2.2% up this morning - 03/11/2020
The pound is trading at €1.1108 against the euro ahead of the lockdown and Brexit negotiations. - 03/11/2020
UK natural gas prices open on the back foot this morning. Temperatures continue to be slightly above seasonal normal with gas demand remaining low. LNG send out has also began to tick higher with recent arrivals - 30/10/2020
Power fundamentals are strong with wind generation provides 28% of the stack, gas fired generation remains in front at 33% Nuclear generation is flat at 18% and coal generation is offline. - 30/10/2020
Brent oil is trading at $37.81/bbl, an upside of 0.5% since yesterday's close. Ongoing concerns around the Covid-19 pandemic continue with London heading into a tier 3 lockdown - 30/10/2020
Carbon prices have dropped a further - 1.4% this morning - 30/10/2020
The pound is trading at €1.107 against the euro. There doesn’t seem to be any concrete Brexit deal which is when the currency is trading sideways. The UK’s chief negotiator David Frost has reportedly travelled to Brussels today for continued talks. - 30/10/2020
UK natural gas prices open on the back foot once again as demand levels drop in the UK with the mild temperatures. An unplanned outage at the Kollsnes facility in Norway has reduced flows - 28/10/2020
Power fundamentals are strong this morning as wind generation hold the power mix at 32%. Gas fired generation is lowered to 29% The total renewables mix is at 42% and nuclear generation is level at 18% - 28/10/2020
Brent oil is trading at $39.99 a downside of nearly -3% since yesterday's close. Growing concerns across Europe of an increase in Covid-19 cases in particular in Germany and Belgium add to the rising concerns. - 28/10/2020
Carbon prices have dropped -3.5% this morning, currently trading at €23.24/tCO2 - 28/10/2020
The pound is trading at €1.105 against the euro. Continuing to trade sideways until more information about the Brexit negotiations is learned. - 28/10/2020
UK natural gas prices open on the back foot this with month ahead prices dropping 1%. Temperatures are slightly below seasonal average however there is a reported outage at the Kollsnes processing plant. - 27/10/2020
Power fundamentals are stable as wind generation contributes 21% to the power mix. Gas fired generation holds the stack at 37% Coal generation is up to 2% and nuclear power is flat at 18% - 27/10/2020
Brent oil is trading at $40.86/bbl an upside of 1% this morning despite the recent downs in value which grow global economic concerns, the potential for a second wave of Covid-19 also is rising concerns. - 27/10/2020
Carbon prices have dropped a further 1.1% this morning, currently trading at €23.58/tCO2 - 27/10/2020
The pound is trading at €1.102 against the euro. Brexit negotiations continue to see no development - 27/10/2020
UK natural gas prices open back foot this morning. Temperatures are forecasted to be mild until the early weeks of November despite this gas saw gains on Friday. The UK LNG outlook looks strong with 4 tankers expected in the next 2 weeks. - 26/10/2020
- 26/10/2020
- 26/10/2020
- 26/10/2020
- 26/10/2020
UK natural gas prices open on the front foot this morning with month ahead (Nov-20) increasing 2.2%. The system remains calm as mild temperatures continue and demand is relatively low. A LNG tanker is expected to dock today. - 23/10/2020
Power fundamentals are weak this morning as gas fired generation dominates the mix at 42% due to wind generation falling off to 20% Nuclear generation is 18% and coal generation has turned offline. - 23/10/2020
Brent oil is down by -0.5% this morning, trading at $42.26/bbl. As coronavirus cases rise the concerns follow suit. Reports for potential US sanctions targeting the Nordstream 2 pipeline are not expected to affect the progress of the project. - 23/10/2020
Carbon prices have opened positive by 5% this morning, currently trading at €25.36/tCO2 - 23/10/2020
The pound is trading at €1.106 against the euro.Brexit negotiations yesterday provided some support for the currency. - 23/10/2020
UK natural gas prices open on the back foot this morning. Milder temperature is weighing on natural gas demand for the UK, Norwegian imports are up this morning. An LNG tanker is now expected to arrive tomorrow. - 22/10/2020
Power fundamentals are comfortable this morning as wind generation contributes 25%, The total renewables mix is at 36% resulting is gas fired turbines coming down to 35%. Coal generation remains online at 2% - 22/10/2020
Brent oil has opened positive by 0.5% this morning, trading at $41.9/bbl as concerns of the rise in coronavirus cases weighs on the energy complex. - 22/10/2020
Carbon prices open short by -1% this morning, currently trading at €23.32/tCO2. - 22/10/2020
The pound is trading at €1.107 against the euro. - 22/10/2020
UK natural gas prices open short as demand is below seasonal normal demand. The rest of October will be mild as per the most recent forecast. There is an unplanned outage at Oseberg which is restricting flows to the mainland. - 21/10/2020
Power fundamentals are weakened once again as wind contributions drop of to 18% forcing gas fired turbines to support increasing it to 48% Coal is back online at 2% of the mix and nuclear continues flat at 18%. - 21/10/2020
Brent oil trades at $42.56/bbl a downside of -1.4% since yesterday's close . There was an unexpected build-up in US crude inventories raised concerns of a supply glut. - 21/10/2020
Carbon prices open negative this morning of -0.8%, trading at €24.21/tCO2 - 21/10/2020
The pound is trading lower this morning, currently trading at €1.098 against the euro. Further UK counties enter tier 3 lockdowns such as Greater Manchester and South Yorkshire - 21/10/2020
UK natural gas prices have opened on the front foot this morning. UK temperature is above seasonal normal average as a result LNG send out and Norwegian flows have reduced to meet the UK's weaker demand. - 20/10/2020
Power fundamentals are strong this morning and wind generation contributes 27% resulting gas demand reducing to 33%. Nuclear generation is comfortable at 18% and coal generation remains offline. - 20/10/2020
Brent oil has seen a negative morning of around -0.6%, trading at $42.41/bbl. The rise in coronavirus cases raises concerns of oil demand. Libya continue to increase their production adding the supply glut. - 20/10/2020
Carbon prices have opened short of -2% this morning, currently trading at €24.49/tCO2 - 20/10/2020
The pound is trading at €1.100 against the euro. - 20/10/2020
UK natural gas prices have opened on the front foot this morning. The gas system opened well supplied as demand is below seasonal normal levels. Only one LNG is scheduled for the UK on the 24th which provided support. - 17/10/2020
Power fundamentals are slightly weaker compared to last week as wind generation supports 20% to the stack. Gas fired turbines remains in charge contributing 45% Coal generation remains offline - 17/10/2020
Brent oil trades at $42.68/bbl a downside of -0.6% since Friday's close. The high volatility saw in oil comes from the uncertainty around the global economy as a result of the Covid-19 pandemic however the US Crude draws provided support. - 17/10/2020
Carbon prices have opened negative by -0,2% this morning, currently trading at €24.84/tCO2 - 17/10/2020
The sterling continues to see volatility, trading at €1.101 against the euro. The currency is weighed down by Brexit however news that negotiations would continue provided support. - 17/10/2020
UK natural gas prices open on the front foot once again. LNG send out continues to be subdued however we are expected 2 tankers next week. Temperatures are set to increase as of Monday - 16/10/2020
Power fundamentals are weak as gas fired turbines dominate the power mix at 58%. Wind generation contributes shorts at 7% Coal generation has increased to 4% and nuclear generation is level at 16% - 16/10/2020
Brent oil is trading at $42.85/bbl a downwards motion of nearly 1% this morning. Brent continues to hover around the lower $40/bbl as concerns around global demand weigh on the prices. - 16/10/2020
Carbon prices open short this morning, currently trading at €24.92/tCO2 - 16/10/2020
The pound is trading at €1.102 against the euro. The forex continues to see volatility as Brexit negotiations continue along with weighted concerns around the new coronavirus restrictions that has come into play in the UK. - 16/10/2020
UK natural gas prices have opened firm this morning despite the comfortable supply of LNG on the horizon. Temperatures are set to increase as of next week which should release some pressure on gas demand. - 15/10/2020
Power fundamentals are weak as wind generation continues to drop of in generation meaning gas fired demand is forced to respond to keep the mix supported. Coal generation has come back online to 1%. - 15/10/2020
Brent oil is trading at $43.01/bbl a downside of 0.8% since yesterday's close/ API data released showed a crude draw in the US. News that OPEC plan to reduce oil production from the start of 2021 - 15/10/2020
Carbon prices have dropped -2.2% this morning, currently trading at €25.20/tCO2 - 15/10/2020
The pound is trading at €1.107 against the euro continuing to gain strength following reports that Brexit negotiations will continue after today's deadline. - 15/10/2020
UK natural gas prices have opened on the front foot this morning. Temperatures are set to be milder as of next week along with a healthy LNG supply. - 14/10/2020
Power fundamentals are weak as gas fired generation holds the power mix at 51%. Wing generation has opened high at 19% with Nuclear following close at 18%. Coal has gone offline as milder temperatures is on the horizon. - 14/10/2020
Brent oil is trading at $42.22/bbl a downside of -0.6% since yesterday's close which was pressured by news that Libya’s largest oil field is back online. Concerns around a second Covid-19 wave continues to weigh on the commodity. - 14/10/2020
Carbon prices are 0.4% higher this morning, currently trading at €25.31/tCO2. - 14/10/2020
The pound is trading at €1.101 against the euro. Brexit talks of Thursday is rapidly approaching. - 14/10/2020
UK natural gas prices have opened on the back foot this morning. Gas on the near-curve has ticked up over yesterday's session slightly, but remains under pressure from news of the end of the strike at Norwegian operator Equinor. - 13/10/2020
Power fundamentals are weak as gas turbines hold 50% of the generation mix. Wind is contributing 13% and nuclear energy continues flat at 18%. As temperatures drop we have seen coal generation come back online . - 13/10/2020
Brent oil opens relatively flat this morning as it trades at $41.79/bbl. Traders will look towards the UK government announcements for the potential for a second lockdown for direction in the short-term. - 13/10/2020
Carbon prices have dropped by -1.86% since yesterday's close, currently trading at €25.40/tCO2. - 13/10/2020
The pound is trading at €1.105 against the euro. The pound continues to be driven by both Brexit and the ongoing coronavirus pandemic. - 13/10/2020
UK natural gas prices have opened on the back foot this morning. Temperatures are set to drop in the short term increasing pressure on gas demand levels however this should improve the LNG outlook for the UK - 12/10/2020
Power fundamentals are weak as gas demand dominates the power mix as temperatures drop thus increasing gas demand. Wind is contributing 11% to the power mix and Nuclear generation is flat at 17%. - 12/10/2020
Brent oil is trading at $42.35/bbl a downside of -1.2% since last weeks close as supply concerns in the US as Hurricane Delta disrupted production in the Gulf of Mexico. - 12/10/2020
Carbon prices have opened short by -1.3% this morning, currently trading at €25.40/tCO2. Carbon prices ended down across last week as there is a potential for an increase in the 2030 EU target for emissions reductions. - 12/10/2020
The sterling is trading at €1.102 against the euro, an increase which was strongly driven by the developments in the Brexit negotiations - 12/10/2020
UK natural gas prices open on the back foot this morning. Norwegian flows have increased which makes up for the lack of LNG. The UK is expected two LNG tankers next week which should replenish LNG stocks. - 09/10/2020
Power fundamentals are firmer compared to yesterday as wind generation is contributing 23%. Gas fired generation is dominating the power mix at 43% with nuclear holding strong at 18% - 09/10/2020
Brent oil is trading at $43.28/bbl a slight drop this morning as news that Storm Delta to due to the hit the mainland in Texas/Louisiana later tonight. This has led to large scale shut-downs in the Gulf of Mexico. - 09/10/2020
Carbon prices have opened short of -0.8%, currently trading at €26.15/tC02 - 09/10/2020
The pound is trading at €1.099 against the euro - 09/10/2020
UK natural gas prices open firm this morning. The system has opened short with concerns over the ongoing strike at Norwegian operator Equinor continue. Temperatures continue to drop below seasonal normal levels. - 08/10/2020
Power fundamentals are weak as gas fired generation contributes 46% of the power stack. Wind generation is at 21% resulting in coal generation remaining offline. Nuclear generation is stable at 18%. - 08/10/2020
Brent oil is trading at £42.49/bbl an upside of 1.2% since yesterday's close despite Hurricane Delta being reportedly poised to reduce Gulf production by some 29% - 08/10/2020
Carbon prices open short by -1.7%, currently trading at €26.47/tCo2. - 08/10/2020
The pound is trading at €1.104 against the euro. Participants continue to be concerned that the UK government appears to be sticking with the October 15th deadline and are prepared to walk away. - 08/10/2020
UK natural gas prices have opened firm this morning. Norwegian import flows are up as LNG send out remains low on the back of no recent tankers. Front month gas softened further following strikes at Norwegian operator Equinor. - 07/10/2020
Power fundamentals are strong this morning as wind generation holds the stack at 34% resulting in gas generation being suppressed to 31% Nuclear generation is stable at 18 and coal generation remains offline - 07/10/2020
Brent oil opens 1% lower this morning, currently trading at £42.23/bbl. Storm Delta continues to rise concerns in the Gulf of Mexico.News of President Trump’s discharge from hospital has also helped buoy oil and equity markets. - 07/10/2020
Carbon prices open nearly 3% higher this morning, trading at €27.59/tC02 - 07/10/2020
The pound opens lower compared to yesterday, currently trading at €1.099 against the euro - 07/10/2020
UK natural gas prices are trading on the front foot this morning as the overall system opened well supplied with increase gas demand. Norwegian flows have increased above normal levels this . - 06/10/2020
Power fundamentals are weak as gas fired turbines dominate the power stack at 46%, wind generation is down at 13% and nuclear generation is up at 18% as only 5 reactors are offline from the original 10 reactors. - 06/10/2020
Brent oil is trading at $41.32/bbl following the recent news that 6 oil fields went offline yesterday. Further concerns around storm Delta which may cause companies to evacuate their platforms in the Gulf of Mexico. - 06/10/2020
Carbon prices are trading sideways this morning, currently trading at €26.98/tC02 - 06/10/2020
The pound is trading at €1.102 against the euro. Most impact on the forex pair is due to Brexit trade talk speculation. - 06/10/2020
UK natural gas prices open firm this morning as cooler temperatures increase the demand for gas. LNG storage levels have dipped below Y-o-Y levels after this year’s heavy maintenance period. Norwegian flows to the UK are strong. - 05/10/2020
Power fundamentals starts the week soft as wind drops to 11% after Storm Alex swept through the UK over the weekend. Gas fired generation is holding the power mix at 54%. Nuclear is up supporting 18% making coal generation redundant. - 05/10/2020
Brent oil is trading at $40.15/bbl, an upside of 2.2% back above the $40/bbl mark as the market buoyed by news that the US President could soon be discharged from hospital. Pressure remains as Libyan production continues to grow. - 05/10/2020
Carbon prices have seen a negative morning of -0.5% since Friday's close, currently trading at €26.96/tCO2. Any upside of in the contract is expected to be limited as 21 million allowances will be auctioned off this week. - 05/10/2020
The pound is trading at €1.103 against the euro which is 0.2% higher than last weeks close. - 05/10/2020
UK natural gas prices open on negative this morning. Norwegian flows have ramped up as send out is down however the UK is expecting to receive to and LNG cargo next Monday and Wednesday. - 02/10/2020
Power fundamentals are supported as wind increases to 24% of the power mix forcing gas fired turbines to reduce to 42% Coal generation has gone offline as well as solar generation. - 02/10/2020
Brent oil is trading at $39.81/bbl dropping by -2.8% since yesterday's close. OPEC oil production has seen an increase for the third month in a row as Iranian and Lybian oil exports rise. - 02/10/2020
Carbon prices open short by -1%, trading at €26.26/tCO2 - 02/10/2020
The pound trades on the upside this morning, currently trading at €1.102 against the euro - 02/10/2020
UK natural gas prices opened negative this morning. Temperatures remain below seasonal average. The system has opened well supplied as gas demand increases. The unplanned outage at Kollsnes processing plan is still ongoing. - 30/09/2020
Power fundamentals open stronger compared to yesterday as wind generation rose to contribute 27% Gas fired turbines are therefore suppressed to 48% The UK is currently not exporting or importing any power from mainland Europe. - 30/09/2020
Brent oil is trading at $40.75/bbl a downside of -0.7% since opening as the increase in covid-19 cases is raising major concerns of energy demand. - 30/09/2020
Carbon prices have dropped -0.7% this morning, currently trading at €26.62/tCO2. - 30/09/2020
The pound is trading at €1.093 against the euro. GDP data shrank in Q2-20 by 20% during the lockdown as spending was limited. There was a short boost in Q3-20 as restrictions was eased. The UK expects a lower decline of 7-10% in Q320. - 30/09/2020
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
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 trading at €26.39/tCO2 a downside of -1.7% since yesterdays close - 25/09/2020
- 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 outage 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 maintenance - 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 suppressed 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 suppressed 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 suppressed 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 suppressed 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 fundamentals. 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 suppressed 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 suppressed to 3% and solar is contributing 10%. The three large interconnectors are importing close to capacity 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 harassment 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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