• ENERGY PROCUREMENT
    As energy markets become increasingly complex, the vast array of pricing options and contract structures available to large energy users can prove daunting...
  • RISK MANAGEMENT
    Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation....
  • MARKET INTELLIGENCE
    We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
  • CARBON MANAGEMENT
    Managing your exposure to the carbon market is an essential ingredient in energy price risk management...
  • RISK MANAGEMENT
    Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation...
  • MARKET INTELLIGENCE
    We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
  • CARBON MANAGEMENT
    Managing your exposure to the carbon market is an essential ingredient in energy price risk management...

Archived Summaries

Wednesday 15 August 2018
Market Close
T
he Energy Information Administration reported a surprisingly large build of 6.8 million barrels to U.S. crude oil stocks for the

last week and prices tanked. Brent for October shed $1.70 to close at a four-month low of $70.76 a barrel. The decline in the crude oil price along with lower coal prices weighed on UK gas futures as contracts declined by an average of 0.80p. UK gas demand was reduced due to a lower requirement for gas fired generation in the power stack and prompt prices eased by up to 1.30p.

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Market Update

  • Friday 19 July 2019:Crude oil prices fell for a fourth straight session this week leaving Brent crude down $4.59 a barrel lower week-on-week shedding $1.73 to settle at a 5 week low of $61.93 a barrel

  • Friday 19 July 2019:The slide in prices is a response to renewed concerns for global over-supply for the coming year

  • Friday 19 July 2019:A modest increase in demand on the UK gas system met with a sluggish supply-side response to leave the system forecast 8MCM short early morning

  • Friday 19 July 2019:The market ignored the minor imbalance from the start however with prompt prices at the NBP falling lower, the within day contract finishing 1.80p lower day-on-day

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