Intense AG

Nordic power prices are falling further on Wednesday, but if the forecast precipitation is delivered the front is still overpriced, players said.

The Week 38 contract last traded at EUR 31.50/MWh at Nasdaq OMX, down EUR 1.75 from Tuesday, while the Week 39 contract last changed hands at EUR 36.25/MWh, down... (... reservoirs there is intense production pressure...)

Oil prices are edging lower ahead of Wednesday's Opec meeting in Vienna as players anticipate that the oil cartel will raise its production targets....

The front month contract for Brent North Sea crude oil was last seen changing hands at USD 116.15/bbl on the ICE platform, down USD 0.63 on Tuesday's close.... (... on news of the intense air strikes by...)

Crude prices are continuing to rise on Thursday as oil infrastructure in Libya has been put out of action in the ongoing conflict, further exacerbating concerns...

The front month contract for Brent North Sea crude oil was last seen changing hands at USD 116.41/bbl on the ICE platform, up USD 0.47 on Wednesday's close,... (... USD 104.83/bbl. "Intense fighting in Libya,...)

Nordic forward prices are strengthening on Wednesday morning on the back of stronger oil prices and dry weather forecasts, players said.

The Q2 09 contract last traded at EUR 38.15/MWh at Nord Pool, up EUR 1.35 from Tuesday. "It is a reaction to the dry and colder weather forecasts," said a... (... oil prices. "The intense connection with...)

Forward prices are climbing Friday morning on the back of among other things reasonably dry forecasts and a strong oil market. However, players expect the market... (... today, after two intense trading days.)

The front quarter has been traded back and forth between EUR 72.40 and 73.20 this morning, and was last seen at EUR 72.75, up 1.55 euros from yesterday's...

The front curve continued to soften this morning on the back of a significantly weaker spot, higher temperatures and expectations of wetter days ahead.

Portfolio manager Antti Kokkonen from Energiakolmio described the market as spot-driven, though a feeling of wait-and-see is still dominating. "Tomorrow's... (... precipitation. A more intense low looks likely...)

The forward market is adjusting slightly upwards after yesterday's falls, in anticipation of a possible change to drier and colder weather in March.

The coming days will be exceptionally wet and mild, while the monthly forecasts have suggested a change to drier and colder conditions from March. According to... (... mild and wet, with intense precipitation and...)

Forward prices are slipping Monday morning, primarily driven by the mild weather. The front quarter was last seen at EUR 41.30/MWh, and players expect the EUR 40...

Gunnar Aronsen, an independent Norwegian trader, saw a potential for further falls. "Forecasts are still mostly wet and mild, which comes on top of an already... (... development is an intense low pressure,...)

The forward market is easing off Wednesday morning, but the far end of the curve is described as nervous.

"The market is a bit perplexed," a Norwegian trader says. "There is a lot of uncertainty and nervousness in the long end of the curve. The Nordic market is... (... we get an early and intense melting, the...)

Milder and wetter weather forecasts are pushing prices down Friday morning. Q2-07 was traded at EUR 25.75 earlier today, but has eased off to EUR 25.25.

"The weather conditions seem to turn milder and wetter next week, and consequently prices are down," one analyst says. With this outlook it will be hard to lift... (... throughout the week intense low pressure centers...)

Forward prices are easing off Thursday morning, due to somewhat wetter and milder weather forecasts. Nevertheless, market players emphasise the steadily diminishing...

"The forecasts are a little wetter, and it gets milder at the end of the period. Still, I believe the market will remain firm, based on a steadily weakening hydro... (... "It has been an intense start to the year....)

The bullish run continues Wednesday morning, and Q1-06 has gained more than 2 euros from the lowest trade on Monday. In addition to a turn towards normal weather...

Q1-06 opened at EUR 38.50/MWh, traded up to 39.05, before easing off to a last trade of 38.75, up 70 eurocents from yesterday´s settlement. "The movements are... (... we will see less intense low pressure...)

The market opened strongly this morning, with the SO-05 contract testing the 173 NOK/MWh level. Later prices adjusted downwards, and a Norwegian trader believes...

The Norwegian trader said that we have been witnessing "a perfect technical correction" in the forwards market. - Since the market bottomed out with a closing... (... - We have had an intense downtrend since...)

The morning market weakened a little with the small changes seen in the weather outlooks. Uncertainties remain beyond the nearest pressured days, but according...

The rain and snow melt keep the pressure on the physical system high, and regulating power fell to not very strong 4 NOK/MWh this morning. And the spot will be... (... spot will be under intense pressure the next...)

The Monday morning session was in a bearish, thin state and the autumn contract gapped down 6 NOK at open. More rain and a weak spot are the factors that cause...

High amounts of precipitation are priced into the present curve, and the trend is clearly pointing south. The rain seen in today´s weather forecasts will have... (... middle of the most intense melting period....)

Monday opened slightly weaker than Friday and fell another couple of NOKs during the morning, but remained in familiar waters as far as prices are concerned....

The week started off bearish, as weather forecasts are not dry. Rain has arrived, and Saturday some 725 GWh was delivered, Sunday 1.1 TWh. One estimate Friday... (... characterized as less intense than earlier. - It´s... Sweden will be less intense than right now,...)

After yesterday´s correction the market was back down again today as rain delivers and weather forecasts are soaking wet. V2-03 opened down at 236 NOK/MWh and...

One calculation is that 4.2 TWh more than normal has been delivered the last ten days. The last 24 hours some 400GWh above normal values were delivered over the... (... again after the most intense melting has come...)

The Tuesday market opened up, but corrected back a notch as a wetter weather scenario is seen next week. The Monday gap was thus filled, and a Swedish trader...

As players are speculating in a possible change of the weather trend, Winter2 was brought down to the NOK 166s during morning hour trading, but traders were both... (... on production more intense, but with a prolonged...)