Energy Market Analysis - 17-10-2016
17th October 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Friday with direction coming from an expected drop in temperatures and weak LNG send-outs. LNG flows have been weak throughout October due to a lack of deliveries from Qatar, while a drop in UK storage also offered support to winter contracts. A below average demand forecast for the weekend and today helped to limit gains on the prompt, while rising coal and oil pushed far-curve contracts higher.
Energy Market Analysis - 14-10-2016
14th October 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased on Thursday despite stable fundamentals, with a lack of deliveries from Qatar this month resulting in weak LNG send-outs. Temperatures are also forecast to turn colder next week which helped to support prices at the front of the curve. Meanwhile, increases on the coal and oil markets helped towards gains on the far-curve.
Energy Market Analysis - 13-10-2016
13th October 2016 | Posted by: Daniel Birkett | Market Analysis
Milder temperatures and an improved supply picture helped near-curve gas contracts move down on Wednesday, while falling oil prices helped to weigh on the far-curve. Early morning gains were cancelled out in the afternoon, with a rise in imports via the BBL pipeline and weaker demand resulting in an oversupplied system.
Energy Market Analysis - 12-10-2016
12th October 2016 | Posted by: Daniel Birkett | Market Analysis
Oil prices decreased yesterday which transferred to some contracts on the gas market, with a milder weather forecast also a bearish factor. Meanwhile, cold weather resulted in a rise in demand levels which sat 18% above the seasonal norm, while outages at gas facilities in Norway were ongoing, helping to lift the prompt.
Energy Market Analysis - 11-10-2016
11th October 2016 | Posted by: Natalie Ormrod | Market Analysis
Gas prices were volatile once again yesterday, pressured by an upward revision in temperature forecasts for next week and strong flows from Norway. Rising oil prices also offered support. Curve contracts remained negative at the close, while spot prices showed some resilience amid short-term lower temperature forecasts.