Market Drivers – November
We understand the business energy market can be challenging.
Our specialists compile a Market Drivers report each month.
We have highlighted Bearish drivers, expected to contribute to the market lowering, and Bullish drivers, expected to contribute to the market going higher.
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- Any positive news around Nord Stream2 certification development.
- Prospects for gas for power demand to remain weak for the time of the year with high gas prices giving more advantage for gas to coal switching in power generation.
- Additional booking of Russian transit on auction for December.
- Outlook for a small increase in LNG arrivals to NWE in November.
- Heavily reduced Russian supply to continue into November.
- NWE storage inventory remains at record low levels.
- Higher consumption as we move into the colder months.