Energy Market Analysis - 01-08-2017
1st August 2017 | Posted by: Daniel Birkett | Market Analysis
Day-Ahead gas climbed higher on Monday as a result of unplanned outages which impacted UKCS production and Norwegian imports. However, movement along the rest of the curve was minimal despite stronger coal prices, with resistance coming from an expected rise in Russian flows into Europe.
Energy Market Analysis - 31-07-2017
31st July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed changes on Friday with a weaker outlook for Norwegian supply into the UK helping near-curve contracts climb higher; further support was also provided by a weakening Pound. Prices initially opened lower but a change in fundamentals helped most contracts erase the morning’s losses as coal and oil continued to strengthen.
Energy Market Analysis - 28-07-2017
28th July 2017 | Posted by: Daniel Birkett | Market Analysis
Improved supply levels from Norway, combined with weaker demand helped to weigh on gas contracts on the near-curve yesterday. A rise in wind levels contributed to lower demand as gas-fired generation dropped. However, rising oil prices continued to support far-curve contracts.
Energy Market Analysis - 27-07-2017
27th July 2017 | Posted by: Daniel Birkett | Market Analysis
Stronger oil prices supported the gas curve yesterday, with restricted Norwegian flows also contributing to gains on the near-curve. The outage at Kollsnes was extended until the 1st of October and imports to the UK will be limited via the Langeled pipeline. The system was short throughout the session on the back of this drop in supply, with weaker LNG send outs also playing a part.
Energy Market Analysis - 26-07-2017
26th July 2017 | Posted by: Daniel Birkett | Market Analysis
Rising oil prices and a stronger European market helped to support gas contracts across the curve on Tuesday. Coal prices also increased, while the outage at Kollsnes restricted gas flows into the UK.