Energy Market Analysis - 09-11-2016
9th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday on the back of well-supplied gas systems across Europe and a milder weather forecast for the coming days. Imports into the UK via the BBL and IUK pipelines increased and more than offset the rise in residential demand, weighing on prices at the front of the curve. Elsewhere, the French national grid released details regarding its winter supply/ demand outlook, although no surprising information was revealed and it had little effect on the market.
Energy Market Analysis - 08-11-2016
8th November 2016 | Posted by: Daniel Birkett | Market Analysis
Residential demand in the UK rose by 22% on Monday due to below average temperatures, leading to gains across the near curve in the morning. However, Brent recorded another loss and flows from Norway and Holland were comfortable, helping to weigh on gas contracts in the afternoon. Meanwhile, two additional LNG deliveries could dock in the UK this month which may have helped towards some of the losses.
Energy Market Analysis - 07-11-2016
7th November 2016 | Posted by: Natalie Ormrod | Market Analysis
European gas prices ended the week on a bearish note on Friday, pressured by forecasts of normal temperatures after a widely awaited cold snap in the coming days and weak oil prices. The UK system was comfortable thanks to high imports from Norway and the continent.
Energy Market Analysis - 04-11-2016
4th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday afternoon, erasing some of the morning’s strong gains, with comfortable gas systems across Europe providing bearish pressure. Concerns regarding power supply over the winter period offered support at the start of the session but higher imports into the UK from Belgium and falling Brent helped contracts record a loss.
Energy Market Analysis - 03-11-2016
3rd November 2016 | Posted by: Daniel Birkett | Market Analysis
A below average weather forecast and concerns regarding power supply over the coming months helped to push gas contracts higher on Wednesday. Scheduled maintenance in Norway on Friday will also reduce flows by 20mcm, while LNG supply will remain weak. A delayed restart in withdrawals from the Rough storage facility was another supportive factor and cold temperatures led to a 15% rise in residential demand.