(Heren Energy) - The Zeebrugge prompt market moved bullishly on Thursday with uncertainty regarding the return of the North Sea ’s Elgin-Franklin field. “It was expected to return today and the uncertainty drove the price moved up,” said one player.
It emerged that the field did return, albeit at low capacity. The Weekend contract traded between 19.60 p/th and 19.70 p/th on the back of colder temperatures over the weekend and fears of lower north sea production.However some players felt it was surprisingly high, with the basis at around the +1.60 p/th mark. “The Weekend basis always tends to be greater than Day- ahead basis. I
Freitag, 16.05.2003, 10:13 Uhr
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