Energy Market Analysis - 23-10-2015
23rd October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement yesterday as Norwegian flows decreased due to maintenance which helped to push near-curve prices higher. Contracts further along the curve moved down and ignored a rise in Brent as the Euro weakened significantly.
Energy Market Analysis - 22-10-2015
22nd October 2015 | Posted by: Daniel Birkett | Market Analysis
The end of maintenance in Norway resulted in higher imports into the UK yesterday morning but supply levels dropped in the afternoon due to unplanned outages, which led to a rebound in prices. However, weaker demand and high LNG send-outs helped contracts correct downward before the end of the session, with weaker Brent also weighing on the far-curve.
Energy Market Analysis - 21-10-2015
21st October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased yesterday despite a short gas system as the near-curve was influenced by an expected improvement in Norwegian imports today as maintenance was set to be concluded. Demand was 25mcm lower than Monday's levels which helped to weigh on the prompt further, while weakening Brent pressured down far-curve contracts.
Energy Market Analysis - 20-10-2015
20th October 2015 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices increased yesterday as a drop in Norwegian supply due to maintenance resulted in a short UK gas system; Day-Ahead rose by 1.35ppt, Front-Month by 0.40ppt and Front-Quarter by 0.20ppt. However, some losses were displayed further along the curve as the Pound strengthened against the Euro once again and Brent decreased.
Energy Market Analysis - 19-10-2015
19th October 2015 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved higher on Friday as unplanned maintenance is set to reduce Norwegian imports into the UK by 30mcm today, sending the system into undersupply. Meanwhile the Pound continued to strengthen against the Euro which restricted some of the gains and resulted in a few losses further along the curve.