Oil price up – DMR

The price of oil has increased, according to npower’s daily market report. Brent oil has grisen to $65 a barrel (£41/Bbl). Gas linepacks are 3mcm long. Balgzand Bacton Line (BBL)  […]

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The price of oil has increased, according to npower’s daily market report.

Brent oil has grisen to $65 a barrel (£41/Bbl).

Gas linepacks are 3mcm long.

Balgzand Bacton Line (BBL)  imports have increased however LNG sendout and Langeled flows have dropped.

The current supply mix is set to change tomorrow when the Interconnector maintenance ends.

 

CCGT demand stands at 35mcm as renewable feed-in remains muted.

Wind load factors are flat and solar feed-in is expected to drop to 3GW in the next few days. Ben Spry from npower’s optimisation desk said: “CCGTs should continue to fill the gap.”

The Dutch and French interconnectors are importing to the UK at maximum capacity.

Gas and coal margins have decreased by 2GW this morning.

Mr Spry added: “Greek optimism continues to weaken as the proposals look likely to be rejected by parliament, potentially forcing a referendum or snap election.”