Energy Insight 2018 - Week 31

Your regular snapshot of the wholesale energy markets.

At the start of last week, offshore industrial action along with scorching temperatures and strength in other fuels helped to lift British contracts across the curve. Gas production at two of Total’s offshore assets, Elgin-Franklin and Alwyn, had stopped due to industrial action. Around 13mcm/day of production capacity was offline until Wednesday and therefore kept prices supported for the majority of the week. Towards the end of the week the expectation of increased supply weighed on the NBP natural gas market, while renewed bullishness on the wider fuels complex offered some intra-day support to curve prices.

 

 

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