Energy Market Analysis – 15-03-2021
15th March 2021 | Posted by: Daniel Birkett | Market Analysis
The return of Norwegian processing facilities and an expected rise in temperatures this week resulted in losses across the near gas curve on Friday. Movement further out was generally stable with some bullish pressure provided by a healthier outlook for oil markets.
Energy Market Analysis – 12-03-2021
12th March 2021 | Posted by: Daniel Birkett | Market Analysis
Gas contracts increased yesterday on the back of concerns regarding UK and European storage levels and ongoing outages in Norway, with additional support provided by a rebound in oil.
Energy Market Analysis – 11-03-2021
11th March 2021 | Posted by: Daniel Birkett | Market Analysis
Outages at Norwegian oil facilities limited imports into the UK yesterday, with restrictions expected to continue until the weekend. This resulted in gains across the gas curve, with the drop in temperatures also lifting demand for heating.
Energy Market Analysis – 10-03-2021
10th March 2021 | Posted by: Daniel Birkett | Market Analysis
A balanced UK gas system and strong LNG outlook resulted in losses across the near curve, with renewable power generation also expected to increase today. Further out, contracts were pressured down by a retracement in oil prices.
Energy Market Analysis – 09-03-2021
9th March 2021 | Posted by: Daniel Birkett | Market Analysis
A bullish oil market was the main market driver during Monday’s session, with energy markets increasing in unison, from coal to power. The colder weather forecast offered some support but this was offset by strong supply levels.