• 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

  • Thursday 15 November 2018:Crude oil markets finally ended the recent bear run with benchmark prices turning higher on Wednesday on prospects of OPEC reinstating production limits when it meets in 3 weeks’ time

  • Thursday 15 November 2018:Brent crude ended up 1% at $66.12 a barrel while WTI ended its longest losing run since records began, also gaining 1% to settle at $56.25

  • Thursday 15 November 2018:Prompt gas prices continued to strengthen on Wednesday with the spot and day ahead contracts playing catch up on the week ahead contract

  • Thursday 15 November 2018:Despite demand remaining below the seasonal norm and a well-supplied system on the day, the prompt market remained volatile, within day gas gaining 2.27p and day ahead rising by 1.60p

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