Energy Market Analysis - 18-07-2017
18th July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased on Monday as the system was undersupplied throughout the session and further support was provided by a rise in Brent. Demand levels were 14mcm above average for this time of year and the system started the session 9mcm short. On the far-curve, prices were dictated by rising oil on the back of a lower rig count in the US.
Energy Market Analysis - 17-07-2017
17th July 2017 | Market Analysis
Gas contracts increased on Friday as supply levels tightened and oil prices increased. CCGT demand was limited due to the rise in wind levels, however a short system offered support to the near curve.
Energy Market Analysis - 14-07-2017
14th July 2017 | Posted by: Daniel Birkett | Market Analysis
The UK gas system opened long on Thursday as Norwegian flows ramped up as the outage at Kollsnes was resolved; gas prices moved down across the near-curve as a result. Meanwhile exports via the interconnector were restricted at the start of the session due to planned maintenance, although LNG send-outs were slightly down.
Energy Market Analysis - 13-07-2017
13th July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement on Wednesday as an unplanned outage reduced Norwegian flows into the UK and tightened the system, offering support to the prompt. However, Norwegian supply was expected to rise today and healthy renewable power will reduce CCGT demand, helping the rest of the near-curve move down. Further out, contracts displayed minor losses on the back of a stronger Pound.
Energy Market Analysis - 12-07-2017
12th July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts shed from their price on Tuesday as the system was long throughout the session due to healthy supply levels. The return of the SEGAL pipeline resulted in higher Norwegian output, with flows through the Langeled pipeline rising to 47mcm. LNG send outs from South Hook also increased and are expected to remain healthy throughout July with two more deliveries expected.