11th August 2020 | Posted by: Rebecca Haughton | Market Analysis
Gas prices sank yesterday in both the UK and on the continent as an uptick in LNG cargos was announced and global gas prices pulled back. Coal also retreated making fuel for power generation cheaper. Oil and carbon made gains yesterday.
10th August 2020 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close Gas prices closed out Friday broadly unchanged in both the UK and on the continent. Commodities displayed mixed movement as oil fell, coal gained and carbon was unchanged. Front end support from gas and low liquidity helped to produce gains for the UK power prices on Friday. The weather outlook continues to point towards a bullish sentiment as the demand …
6th August 2020 | Posted by: Rebecca Haughton | Market Analysis
Gas prices continued their ascent yesterday, however the air may be getting thinner as the day on day increase slowed considerably. Part of the lift came from a gain in oil prices, coupled with new highs in equities, coal and carbon were flat.
Gas prices continued to move higher in Tuesday’s session as traders closed their short positions en masse. A rise in gas-fired power demand also offered support to the near curve, in addition to a rise in oil, carbon and coal.