Global Markets

NBP sees renewed price support

Prices at the UK hub have seen supply-side support as a result of further production outages in Norway Prices at the UK hub have seen supply-side support as a result of further production outages in Norway.
By Catriona Scott 19 July 2017 0 26836

The NBP day-ahead has been around 35 p/th since the start of the week after rising from roughly 33-34 p/th last week. However, pressure could mount in the coming days.

Further unexpected outages in Norway have resulted in disruptions to flows from the country. A short-lived outage at the Åsgard field hit flows at the start of the week, while an unexpected outage at the Kollsnes plant, which started late on Monday, has also reduced Norwegian supplies.

The outage at Kollsnes is scheduled to be resolved by...