Energy Market Analysis - 04-07-2017
4th July 2017 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short throughout yesterday’s session with exports to Europe at full capacity, while an outage at the Entry Segal pipeline also limited supply. A significant drop in wind levels was also expected to increase gas-fired power generation today. This weak supply picture resulted in gains across the curve, with bullish oil also a factor.
Energy Market Analysis - 03-07-2017
3rd July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed losses on Friday afternoon following a rise in Norwegian flows, resulting in an oversupplied system. The LNG outlook for this week is also healthy, further weighing on near-curve prices. Meanwhile, movement on the coal and oil markets was minimal, providing little support to the far-curve.
Energy Market Analysis - 30-06-2017
30th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices turned bearish yesterday afternoon despite strong upward movement at the start of the session. The UK system was slightly short due to a rise in exports to Europe following the return of the interconnector pipeline, offering support in the morning. However, contracts were pressured down by a weaker demand outlook and significant losses on the coal market.
Energy Market Analysis - 29-06-2017
29th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased yesterday with little change to fundamentals and support coming from the coal and oil markets. Gas demand was higher in the UK and the IUK interconnector was due back online today which will result in a rise in exports. Meanwhile, the outage at the Gjoa platform in Norway was unresolved, tightening supply levels.
Energy Market Analysis - 28-06-2017
28th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices rose across the curve on Tuesday as Norwegian flows into the UK remained low due to an outage at the Gjoa platform, offering support to the near-curve. Further out, contracts were pushed higher by gains on the coal and oil markets. In other news, the production quota at the Troll gas field was increased to 36 Bcm for next year, a rise of 3 Bcm.