Energy Market Analysis - 23-11-2016
23rd November 2016 | Posted by: Daniel Birkett | Market Analysis
The Bacton Seal terminal suffered an unplanned outage yesterday which reduced UKCS production, with flows via St Fergus also limited due to maintenance. This resulted in a rebound on the near-curve, while rising oil and coal prices were supportive further out.
Energy Market Analysis - 22-11-2016
22nd November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts recorded losses on Monday with a milder weather forecast resulting in bearish movement on the near-curve. Improved imports from Norway and mainland Europe resulted in a long gas system which helped the prompt to shed from its price. However, an increase in oil prices restricted some of the downward movement on the far-curve.
Energy Market Analysis - 21-11-2016
21st November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Friday afternoon with an unplanned outage at the St Fergus terminal reducing UKCS flows, resulting in a short gas system. St Fergus is also set to undergo scheduled maintenance from the 20th of November until the 18th of December; limiting output by 12mcm/ day. A milder weather forecast for this week restricted some of the gains on the near-curve, while falling coal and oil limited upward movement further out.
Energy Market Analysis - 18-11-2016
18th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas systems across Europe were comfortable yesterday which helped towards losses on the near-curve. An increase in imports from Norway and Belgium contributed to a long UK gas system despite a 29mccm rise in demand levels. Temperatures are also expected to turn milder next week which was another factor behind the downward trend.
Energy Market Analysis - 17-11-2016
17th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday afternoon despite a bullish opening to the session, with a milder weather forecast for next week helping to weigh on the prompt; wind power was also set to rise which will reduce the UK’s reliance on more expensive CCGT generation. Meanwhile, the UK gas system was well-supplied throughout the session and the Pound strengthened against the Euro.