(Heren Energy) - Zeebrugge contracts closed lower across the board on Monday, following the announcement from pipeline operator IUK that the Bacton-Zeebrugge Interconnector had switched to reverse flow (UK import mode) in the early hours of Sunday morning.
Higher temperatures at the start of the week than had been predicted early last week added further downward pressure to prices, players said. Traders reported strong volatility in the Zeebrugge/NBP basis, as Within-day was quoted at zero and +1.00 p/th within the same hour. Dayahead basis was heard at –0.40 p/th, having traded earlier at –0.60 p/th. Outright, Day-ahead traded
Dienstag, 11.11.2003, 08:22 Uhr
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