Energy Market Analysis - 22-02-2016
22nd February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Friday on the back of healthy supply levels and a drop in demand; European prices displayed more significant losses compared to the UK as the Euro further strengthened against the Pound. An increase in oil prices offered some support to the far-curve but the overall sentiment remained bearish.
Energy Market Analysis - 19-02-2016
19th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts displayed an upward trend yesterday morning, although a drop in Brent later in the session helped to cut some of the gains. The UK gas system also moved long in the afternoon which reduced demand and helped to weigh on near-curve prices.
Energy Market Analysis - 18-02-2016
18th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices rallied higher yesterday afternoon following an increase in Brent, with some optimism in regards to potential cuts to oil production. The UK gas system remained rather tight as demand levels were 17% above the seasonal norm which also offered support to near-curve contracts.
Energy Market Analysis - 17-02-2016
17th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday afternoon and were dictated by a strong decrease in oil and an improved supply/ demand outlook. Despite an expected uptick in demand levels in the short term, Day-Ahead decreased as storage withdrawals increased to help balance the system.
Energy Market Analysis - 16-02-2016
16th February 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was undersupplied on Monday which offered support to contracts across the near-curve. Planned maintenance took place at the St Fergus terminal and the Rough storage facility also went offline, temporarily. Demand levels also increased due to cold weather, while stronger oil led to gains on the far-curve.