ENGIE Insight, Ecova UK, and the Tractebel Advisory Advanced Analytics Division are now ENGIE Impact.
Energy Price Hub
Daily updates 10/18/2019
U.S. Natural GasEdging higher even after the EIA reported a 104 Bcf injection, with flipped the deficit compared to the 5-year average to a surplus for the first time since September 2017. The Nov-2019 contract is 1.3 cents higher at $2.316
U.S. WeatherThe 6-10 day forecast is calling for above-normal temperatures in the East and West, with below-normal temperatures spread throughout the middle of the country.
U.S. DollarWeaker against the euro and pound after a tentative Brexit pact was reached between the European Commission and UK PM Boris Johnson.
OilGiving back some of yesterday's gains after disappointing industrial sector data raised concerns over economic growth and future demand for the commodity. The Nov-2019 WTI contract is 42 cents lower at $52.94.
Equity MarketsMarginally higher despite some weaker-than-expected economic data as investors welcome an early round of upbeat Q3 corporate earnings.
GeopoliticsTurkey agreed to a U.S.-brokered ceasefire in northern Syria to allow Kurdish-led forces to withdraw.
U.K. Natural GasUK NBP natural gas prices were slightly lower as the system was balanced with demand forecast at 242 Mcm and flows at nearly 242 Mcm/day.
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.
OilMarginally lower as traders digest the tentative Brexit deal and what it may mean for economic growth and demand. The Dec-2019 Brent contract is 40 cents lower at $59.02.
GeopoliticsUK Prime Minister hailed the deal that was reached for an orderly exit from the EU, but it will need to make it through Parliament before it becomes official.