Thursday 08 November 2018
The problem at the Kollsnes processing plant appears to have been resolved and Langeled is flowing at full capacity. Despite a healthy supply-demand situation, the spot price has
opened 2.95p up on last night's closing level and the front month is up by 0.93p. The gains are difficult to reconcile with strengthening sterling, which is trading at 7-month high against the euro in anticipation of a deal on Brexit this month. Crude oil is up 73 cents to $72.80 a barrel.