energy price graph - 17-11-2017

Energy Market Analysis - 17-11-2017

17th November 2017 | Posted by: Daniel Birkett | Market Analysis

The UK gas system remained long throughout Thursday’s session as milder temperatures reduced residential demand and a rise in wind levels resulted in lower CCGT demand. This helped contracts move down as the session progressed, with little support provided by coal and oil markets.


energy price graph - 16-11-2017

Energy Market Analysis - 16-11-2017

16th November 2017 | Posted by: Daniel Birkett | Market Analysis

A milder weather outlook for the rest of the month and a sharp drop in oil prices helped gas contracts move down across the curve on Wednesday. The system remained oversupplied despite maintenance at a Norwegian gas field, while weaker coal also contributed to losses. In other news, production cuts in Holland were delayed for 12 months, providing additional bearish pressure.


energy price graph - 15-11-2017

Energy Market Analysis - 15-11-2017

15th November 2017 | Posted by: Daniel Birkett | Market Analysis

Prices moved down yesterday due to an upward revision in temperature forecasts for the rest of the month, pointing to weaker demand levels. Coal and oil markets also displayed strong losses which helped contracts at the back of the curve move down, although the Euro continued to strengthen against the Pound, limiting some of the losses.


energy price graph - 14-11-2017

Energy Market Analysis - 14-11-2017

14th November 2017 | Posted by: Daniel Birkett | Market Analysis

Demand levels reached their highest levels in 2017 so far, pushing contracts higher yesterday. This resulted in a rise in European exports into the UK, although healthy Norwegian supply helped to relieve the strain. Further out, a weaker Pound provided support but coal and oil moved down in the afternoon, limiting the gains.


energy price graph - 13-11-2017

Energy Market Analysis - 13-11-2017

13th November 2017 | Posted by: Daniel Birkett | Market Analysis

Gas prices moved higher on Friday with a cold weather outlook the main factor behind bullish movement at the front of the curve. UKCS production also decreased and gas demand was expected to be 27% above the seasonal norm today. Further out, contracts were supported by a rise in coal prices with a worker’s strike scheduled in South Africa on the 19th of November.