Auxilione’s Post

DAILY MARKET REPORT - 02/05/2024 An unwinding of Mondays gains seen in yesterdays session. No real change in outlook as the weather is expected to stay close to seasonal normal throughout the month, allowing gas stocks to be refilled at leisure. As such the market continues to hold in the range it has enjoyed the last few weeks, showing small gains or losses across a few days over the period, moreso when there is news of some description to allow it to ‘react’ albeit for a very short period of time. Yesterday saw the TTF Front Month contract settle at €28.73 (from €29.12) and the NBP Front Month contract at 69.81p (from 71.53p). No unplanned outage this morning and we see a flow level at 283mcm (282). Russian nominations showing Velke Kapusany at 41.9mcm (41.5) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 62.32% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 1. This morning we see the Front Month TTF contract at €29, NO CHANGE to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €29, Front Season €34 (vs €29 and €34) Curve NBP Front Month 70p, Front Season 88p (vs 72p and 89p) UK Gas NBP spot 70p (from 73p) UK Power DA £63 (from £69) UK power prices show the UK Front Month Baseload contract at £61 (£62) and Front Season at £78 (£79). In other areas of the market Brent Oil is at $83 ($86) and EUAs are at €68 (€69). Henry Hub is at $1.93 ($1.99) and JKM is at $10.24 ($10.34) with TTF Equiv of $9.01 ($9.13). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 21/03/2024 A bearish session seen yesterday after a few bullish ones towards the end of last week and then a flat one on Tuesday. As said yesterday, the fundamental outlook remains unchanged of late and so the market seems to have found an area of comfort to trade in, reacting upwards when there is potential concerning news (such as ship attacks in the Red Sea) or lowering when there is little news reported and the outlook generally looks favourable for the months ahead. Yesterday saw the TTF Front Month contract settle at €27.74 (from €28.87) and the NBP Front Month contract at 71.38p (from 73.70p). No unplanned outage this morning and we see a flow level at 337mcm (332). Russian nominations showing Velke Kapusany at 40.5mcm (40.7) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 59.39% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 4. This morning we see the Front Month TTF contract at €27, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €27, Front Season €28 (vs €28 and €29) Curve NBP Front Month 71p, Front Season 70p (vs 73p and 72p) UK Gas NBP spot 68p (from 77p) UK Power DA £68 (from £77) UK power prices show the UK Front Month Baseload contract at £65 (£66) and Front Season at £65 (£66). In other areas of the market Brent Oil is at $86 ($87) and EUAs are at €61 (€61). Henry Hub is at $1.70 ($1.74) and JKM is at $9.57 ($9.90) with TTF Equiv of $8,83 ($9.19). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 04/03/2024 An upward session to end the week, undoing the fall seen on Thursday which in itself was undoing the gains seen in Wednesdays session. We’re now in the final delivery month of winter delivery and EU gas storage has held impressive levels, very similar to that of last year and also of 2020 – both years saw prices relax during the summer where storage refills were not required to be aggressive, unlike 2021 and 2022 where prices quickly rose with low storage levels. Of course only time will tell what we have instore for this year. Friday saw the TTF Front Month contract settle at €25.81 (from €24.87) and the NBP Front Month contract at 64.28p (from 61.58p). No unplanned outage this morning and we see a flow level at 347mcm (337). Russian nominations showing Velke Kapusany at 39.0mcm (39.4) and Sudzha at 42.0mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 62.12% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 2. This morning we see the Front Month TTF contract at €25, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €25, Front Season €26 (vs €26 and €25) Curve NBP Front Month 64p, Front Season 65p (vs 62p and 62p) UK Gas NBP spot 64p (from 64p) UK Power DA £67 (from £65) UK power prices show the UK Front Month Baseload contract at £60 (£59) and Front Season at £61 (£59). In other areas of the market Brent Oil is at $84 ($82) and EUAs are at €56 (€56). Henry Hub is at $1.84 ($1.86) and JKM is at $8.30 ($8.37) with TTF Equiv of $8.20 ($7.89). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 08/05/2024 An adjusted day of trading seen yesterday with the UK markets rising and the European ones falling, following a misaligned day of activity on Monday. No real change to any outlook with warmer temperatures expected throughout this week and holding around seasonal normal for the foreseeable future. Gas stocks now starting to rise and piped flow remains stable. LNG arrivals on the low side, but not too concerning at the moment. Yesterday saw the TTF Front Month contract settle at €31.07 (from €31.80) and the NBP Front Month contract at 75.86p (from 74.47p). No unplanned outage this morning and we see a flow level at 292mcm (294). Russian nominations showing Velke Kapusany at 41.5mcm (41.1) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 63.81% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 1. This morning we see the Front Month TTF contract at €30, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €30, Front Season €36 (vs €31 and €37) Curve NBP Front Month 76p, Front Season 94p (vs 74p and 93p) UK Gas NBP spot 76p (from 82p) UK Power DA £77 (from £77) UK power prices show the UK Front Month Baseload contract at £67 (£67) and Front Season at £82 (£82). In other areas of the market Brent Oil is at $83 ($83) and EUAs are at €71 (€73). Henry Hub is at $2.21 ($2.20) and JKM is at $10.50 ($10.47) with TTF Equiv of $9.82 ($10.05). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 17/09/2024 The bears were back in control yesterday as prices continued to fall across the board yesterday. A return to some of the Norwegian flows this morning after several weeks of planned maintenance this month will help maintain confidence, although Oseberg has a small unplanned reduction on flow levels. Some warmer temperatures expected towards the end of the week before settling at seasonal normal for the rest of the month and throughout October in the latest long term forecasts. Yesterday saw the TTF Front Month contract settle at €34.08 (from €35.65) and the NBP Front Month contract at 81.17p (from 85.76p). Oseberg on unplanned outage this morning and we see a flow level at 204mcm (186) Russian nominations showing Velke Kapusany at 37.1mcm (37.6) and Sudzha at 42.3mcm (42.0). Nord Stream remains unavailable. EU gas storage showing at 93.40% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 2. This morning we see the Front Month TTF contract at €34, NO CHANGE to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €34, Front Season €36 (vs €34 and €38) Curve NBP Front Month 81p, Front Season 91p (vs 86p and 95p) UK Gas NBP spot 80p (from 85p) UK Power Base spot £81 (from £84) UK power prices show the UK Front Month Baseload contract at £69 (£73) and Front Season at £85 (£85). In other areas of the market Brent Oil is at $73 ($72) and EUAs are at €63 (€65). Henry Hub is at $2.37 ($2.31) and JKM is at $13.13 ($13.33) with TTF Equiv of $11.11 ($11.59). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 14/06/2024 A slight uptick come the end of yesterdays session after yet more nerves creep into the market. Issues with LNG facilities in Australia, potentially meaning a diversion of cargoes expected towards Europe, have injected another level of concern on top of all of those others mentioned in recent reports. However repairs to the facility are currently ongoing. Closer to home the warmer weather appears to be slowly pushing out to further days after it showing to be expected to arrive around now in last weeks forecasts – it is now expected towards the middle of next week. Underlying all of this, and likely for the coming weeks, will be the various claims made by political parties as the UK and parts of Europe undergo elections, followed later in the year by the US Presidential election – all of which may influence future energy policy. Yesterday saw the TTF Front Month contract settle at €35.72 (from €35.29) and the NBP Front Month contract at 84.30p (from 83.87p). Visund remains on unplanned outage this morning and we see a flow level at 330mcm (331) Russian nominations showing Velke Kapusany at 42.9mcm (43.1) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 72.50% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 1. This morning we see the Front Month TTF contract at €35, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €35, Front Season €40 (vs €36 and €39) Curve NBP Front Month 84p, Front Season 101p (vs 84p and 101p) UK Gas NBP spot 88p (from 85p) UK Power DA £70 (from £81) UK power prices show the UK Front Month Baseload contract at £76 (£76) and Front Season at £90 (£90). In other areas of the market Brent Oil is at $83 ($83) and EUAs are at €71 (€71). Henry Hub is at $2.96 ($3.05) and JKM is at $12.10 ($12.03) with TTF Equiv of $11.27 ($11.23). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 05/06/2024 The market breathed a huge sigh of relief in yesterdays session as the gains seen in Mondays session were unwound. It is expected that the issues relating to the reduced output from Norway will be addressed by the end of the week, after initially being concerned it could take some time to resolve. With that problem, hopefully, being short lived the market avoids further panic – but it has once again displayed the tension it sits under, despite the prices declining over the course of the last year or so, as global issues still have a rapid and direct impact on energy markets. Yesterday saw the TTF Front Month contract settle at €33.80 (from €36.01) and the NBP Front Month contract at 80.59p (from 87.12p). Nyhamna remains on unplanned outage this morning and we see a flow level at 281mcm (264) Russian nominations showing Velke Kapusany at 42.3mcm (42.1) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 70.62% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 1. This morning we see the Front Month TTF contract at €34, NO CHANGE to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €34, Front Season €38 (vs €34 and €40) Curve NBP Front Month 81p, Front Season 99p (vs 87p and 104p) UK Gas NBP spot 82p (from 89p) UK Power DA £62 (from £74) UK power prices show the UK Front Month Baseload contract at £75 (£80) and Front Season at £91 (£94). In other areas of the market Brent Oil is at $78 ($78) and EUAs are at €72 (€75). Henry Hub is at $2.59 ($2.76) and JKM is at $11.99 ($12.05) with TTF Equiv of $10.79 ($11.51). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 12/07/2024 A slight uptick, unwinding previous days losses, was seen in yesterdays session as the market continues to just bobble along a flat-ish trajectory. EU gas storage ticks above the 80% marker. The EU rules state this must hit 90% by November, so this looks to be well with grasp early once again. Visund issues appears to have been fixed and it no longer shows as being on unplanned outage after several weeks of continued issues. Temperatures are expected to rise again next week, after a bit of a cool spell this week. Yesterday saw the TTF Front Month contract settle at €31.11 (from €30.78) and the NBP Front Month contract at 72.17p (from 71.21p). No unplanned outage this morning and we see a flow level at 340mcm (336) Russian nominations showing Velke Kapusany at 39.7mcm (40.6) and Sudzha at 42.4mcm (42.4). Nord Stream remains unavailable. EU gas storage showing at 80.09% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 0. This morning we see the Front Month TTF contract at €31, NO CHANGE to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €31, Front Season €37 (vs €31 and €36) Curve NBP Front Month 72p, Front Season 94p (vs 71p and 93p) UK Gas NBP spot 73p (from 71p) UK Power DA £72 (from £73) UK power prices show the UK Front Month Baseload contract at £64 (£64) and Front Season at £83 (£83). In other areas of the market Brent Oil is at $85 ($85) and EUAs are at €68 (€68). Henry Hub is at $2.27 ($2.33) and JKM is at $12.37 ($12.35) with TTF Equiv of $9.92 ($9.78). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 06/11/2024 A small uptick in prices, although hardly noticeable, in yesterdays session as the market holds firm at the current levels. Impact of the US elections may affect global markets across the world today, although it is starting to become apparent on who the winner is likely to be. Spot prices, particularly in power, continue to rise to levels not seen for a while. In yesterdays day ahead auction for delivery today, in some hours, the UK market topped £300/MWh. Yesterday saw the TTF Front Month contract settle at €40.49 (from €40.30) and the NBP Front Month contract at 102.69p (from 102.46p). No unplanned outage this morning and we see a flow level at 334mcm (325) Russian nominations showing Velke Kapusany at 41.2mcm (41.2) and Sudzha at 42.3mcm (42.3). Nord Stream remains unavailable. EU gas storage showing at 95.01% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 3. This morning we see the Front Month TTF contract at €40, NO CHANGE to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €40, Front Season €39 (vs €40 and €39) Curve NBP Front Month 103p, Front Season 96p (vs 102p and 95p) UK Gas NBP spot 102p (from 102p) UK Power Base spot £127 (from £116) UK power prices show the UK Front Month Baseload contract at £86 (£86) and Front Season at £75 (£75). In other areas of the market Brent Oil is at $76 ($75) and EUAs are at €64 (€65). Henry Hub is at $2.67 ($2.78) and JKM is at $13.54 ($13.48) with TTF Equiv of $12.97 ($12.87). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar

DAILY MARKET REPORT - 13/11/2024 Markets continued to push higher still yesterday. Revised temperature forecasts for the week ahead show colder days to be expected in the coming week which will push heating demand. As gas is still making up the main input to power generation, this is also pushing power prices with them. The front month contracts have not been this high for a year, last seen in November 2023. In the months that followed prices fell by half, but that was shortly (and partly due) to the energy crisis price levels which were considerably higher still. The market is in a very different place once again this winter, and there remains plenty of various and global concerns to hold prices firm. Yesterday saw the TTF Front Month contract settle at €44.26 (from €43.73) and the NBP Front Month contract at 112.43p (from 110.56p). No unplanned outage this morning and we see a flow level at 345mcm (344) Russian nominations showing Velke Kapusany at 40.8mcm (41.2) and Sudzha at 42.1mcm (42.3). Nord Stream remains unavailable. EU gas storage showing at 93.04% full as per AGSI+. LNG vessels due to arrive in UK next couple of weeks is 3. This morning we see the Front Month TTF contract at €43, DOWN €1 to the previous settlement. A quick check on some key contracts (rounded to nearest whole): Curve TTF Front Month €43, Front Season €43 (vs €44 and €42) Curve NBP Front Month 112p, Front Season 104p (vs 111p and 103p) UK Gas NBP spot 109p (from 111p) UK Power Base spot £112 (from £106) UK power prices show the UK Front Month Baseload contract at £92 (£92) and Front Season at £80 (£80). In other areas of the market Brent Oil is at $72 ($72) and EUAs are at €68 (€68). Henry Hub is at $2.91 ($2.92) and JKM is at $13.57 ($13.55) with TTF Equiv of $13.75 ($13.66). Numbers in brackets show the previous reports value. We ask that you ‘like’ and use the ‘repost’ function rather than copy from our updates – thank you. More information about Auxilione can be found on our website at www.auxilione.com. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #oilandgas #oilandgasindustry #renewables #sustainability #solar