Energy Market Analysis - 04-12-2015
4th December 2015 | Posted by: Daniel Birkett | Market Analysis
Mild temperatures resulted in weak demand yesterday which helped the prompt shed from its price. Supply levels were generally comfortable and the gas system was balanced throughout the session. However, the Euro strengthened against the Pound later in the day which restricted some of the losses further along the curve.
Energy Market Analysis - 03-12-2015
3rd December 2015 | Posted by: Daniel Birkett | Market Analysis
Despite a bullish opening to the session, gas prices moved down on Wednesday afternoon on the back of positive fundamentals. Mild weather is set to continue over the coming days and supply levels are set to improve despite reduced LNG send-outs.
Energy Market Analysis - 02-12-2015
2nd December 2015 | Posted by: Daniel Birkett | Market Analysis
The majority of gas prices moved higher yesterday despite a healthy supply picture at the start of the session. Norwegian flows increased significantly and Dutch imports also rose which resulted in a long UK gas system. However, an outage led to a decrease in flows via the Langeled pipeline in the afternoon which helped the prompt climb higher. Fewer LNG deliveries into the UK also reduced send-outs, providing further upward pressure.
Energy Market Analysis - 01-12-2015
1st December 2015 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short for the majority of yesterday’s session and LNG output is also set to decrease over the next few weeks which offered support to gas prices. Storage withdrawals ramped up in an attempt to balance the system, offsetting the drop in Dutch output. Meanwhile, Brent rallied higher and contributed to bullish movement further along the curve.