Gas prices firmer – DMR

The UK gas prices have opened firmer this morning, according to npower’s daily market report. The system is short as flows into the UK have declined and all the main mid-term storage facilities are offline. Nicholas Morgan from the Optimisation Desk said: “These may well come back online later today as prices look to firm […]

Gas demand higher – DMR

Gas demand is higher than seasonal normal levels at 44mcm, according to npower’s daily market report. That makes the system undersupplied with the linepack expected to close 5mcm short. Nicholas Morgan from the Optimisation Desk said: “Nominations from Belgium are slightly down today adding to the pressure on other supply sources to make up the shortfall […]

Gas system undersupplied – DMR

The UK gas system is expected to close 5mcm short, according to npower’s daily market report. That’s because demand is 57mcm higher than seasonal normal levels and flows from Belgium into the UK are falling. Healthy flows from Norway and Europe are supporting the UK gas system, while Centrica is expected to start withdrawing from the Rough […]

Gas system long – DMR

The UK gas system is trading softer this morning, according to npower’s daily market report. The linepack is forecast to close 2mcm long as temperatures are getting closer to seasonal normal levels. Rodney Johnson from the Optimisation Desk said: “Temperatures are at around 1°C below seasonal normal levels and set to stay below normal levels […]

Oil prices above $50/bbl after OPEC deal – DMR

Brent oil is trading at $50.47/bbl (£40.37/bbl) following OPEC’s deal to cut production, according to npower’s daily market report. Yesterday, OPEC members set a production target of 32.5 million barrels per day from January. The gas market is trading softer this morning on stronger sterling. The linepack is forecast to close 6mcm short with demand being […]

Gas system long – DMR

The UK gas system is 5mcm long, according to npower’s daily market report. That’s despite demand being 66mcm above seasonal normal levels. Rodney Johnson from the Optimisation Desk said: “Temperatures are around 3°C below seasonal normal levels although latest forecasts show it will be warmer from the middle of next week.” On the power system, […]

Gas demand above seasonal normal levels – DMR

The UK gas system is forecast to close 4mcm long, according to npower’s daily market report. That’s despite demand being 66mcm above average for this time of the year. Rodney Johnson from the Optimisation Desk said: “Temperatures are forecast to be as much as 4°C below seasonal normal levels today. Although temperatures are forecast to […]

Gas system short – DMR

The UK gas system is trading firmer this morning, according to npower’s daily market report. The linepack is expected to close 2mcm short. Temperatures are expected to remain below seasonal normal levels for the rest of the month as a high pressure system will bring cold dry air into the UK. On the power system, demand […]

Gas contracts trading firmer – DMR

UK gas contracts are trading firmer this morning, according to npower’s daily market report. The system has opened more than 5mcm long despite demand expected to be 35mcm higher than seasonal normal levels. Flows from Norway and the Netherlands are comfortable, supporting the system length. Sam Hill from the Optimisation Desk said: “We have some […]

Gas system opens in length – DMR

The gas system has opened in length this morning, according to npower’s daily market report. Belgian imports have now been increasing for three days in a row. Norwegian flows remain strong, nominating 10mcm more than the seasonal average. There are still no LNG tankers forecast for arrival. December temperatures are now predicted to be 2℃ above […]