Energy Market Analysis - 27-06-2017
27th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday with a short system supporting contracts on the near-curve. An unplanned outage in Norway restricted imports into the UK and UKCS production fell, with weak wind levels contributing to an increase in gas-fired power generation. Further out, a rebound in oil prices helped contracts add to their price.
Energy Market Analysis - 26-06-2017
26th June 2017 | Market Analysis
European gas prices were roughly unchanged at the close on Friday. Prospects of increasing demand in the residential sector for the week ahead as temperatures are expected to fall from recent highs.
Energy Market Analysis - 23-06-2017
23rd June 2017 | Market Analysis
European gas prices weakened on Thursday as Brent prices plunged below £45/bbl overnight on Wednesday and news that Centrica applied to British regulator for permission to release almost 1Bcm of remaining stocks and cushion gas from the Rough storage site mostly in Q4-17.
Energy Market Analysis - 22-06-2017
22nd June 2017 | Posted by: Daniel Birkett | Market Analysis
Movement along the gas curve varied on Wednesday, with tight supply and a falling oil market continuing to dictate prices. The UK gas system was short as storage injection demand remained high, while an on-going outage in Norway restricted imports. Meanwhile, strong losses on the oil market contributed to bearish sentiment on the far-curve.
Energy Market Analysis - 21-06-2017
21st June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement yesterday with a tight UK gas system offering support at the front of the curve and a falling oil market weighing on the far-curve. A drop in Norwegian supply and a rise in storage injections contributed to the short system, despite lower demand levels. Elsewhere, coal prices stabilised and the Pound weakened further against the Euro.