Energy Insight 2018 – Week 36

Your regular snapshot of the wholesale energy markets.

Bullishness due to undersupply and a strengthening fuels complex in the first half of the week ultimately prevailed, despite strong bearishness towards the end of last week; as contracts still finished stronger week-on-week across both the NBP natural gas and UK wholesale power markets.

Prompt contracts on the NBP gas market began the week by reaching new highs, as yearly maintenance on the Kollsnes processing plant continued, removing just under 36mcm from the system.

Further unplanned outages were announced at the Asgard and Gulfaks fields, which took a total of 53mcm/day of within-day capacity off line…

 

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