ENGIE Insight, Ecova UK, and the Tractebel Advisory Advanced Analytics Division are now ENGIE Impact.
Energy Price Hub
Daily updates 10/15/2019
North AmericaEuropeAsia-PacificMiddle EastSouth America
U.S. Natural GasModerately higher as record cold in the North Central is helping solidify downside support even though it won't reach the heavily populated East. The Nov-2019 contract is 2.4 cents higher at $2.304
U.S. WeatherThe 6-10 day forecast is calling for above-normal temperatures to cover much of the eastern half of the nation and West, with below-normal temperatures in much of the western half.
U.S. DollarWeaker against the British pound and euro after top EU negotiator, Michel Barnier, said a Brexit deal was possible as early as this week.
OilSliding lower on demand worries after the IMF cut its 2019 global growth estimate to 3%, the lowest pace since the 2008 financial crisis. The Nov-2019 WTI contract is 25 cents lower at $53.34.
Equity MarketsTracking European stocks higher on optimism British and EU negotiators would reach a trade deal before the U.K.'s exit later this month.
GeopoliticsU.S. Treasury Secretary Steven Mnuchin reiterated that new tariffs on $165 billion of Chinese goods will go into effect December 15th if a trade deal isn't reached.
U.K. Natural GasUK NBP natural gas climbed higher on increased power sector demand and stronger residential consumption due to colder temperatures.
Europe WeatherTemperatures are forecast to remain very warm for the southern half of Europe this week, with colder and wetter conditions in the UK and other northern countries.
OilFluctuating between small gains and losses as traders closely monitor Brexit negotiations in hopes a deal will lead to economic growth and increase demand. The Dec-2019 Brent contract is currently unchanged at $59.35.
GeopoliticsWith the UK set to leave the European Union on October 31st, both sides have agreed to intensify talks to reach some sort of agreement.