Energy Market Analysis - 08-02-2016
8th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday as mild weather over the weekend reduced demand levels, with consumption falling to 6% below the seasonal average in the UK. However, an unplanned outage in Norway led to a halt in Langeled flows in the afternoon which restricted some of the downward movement on the near-curve. Further out, most contracts followed the movement of the weakening oil market.
Energy Market Analysis - 05-02-2016
5th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices inched lower yesterday as demand levels fell, supply remained healthy and Brent weakened. The UK gas system was long throughout the session as Norwegian imports increased and LNG send-outs were strong. A further drop in demand was also forecast for today which further weighed on the prompt.
Energy Market Analysis - 04-02-2016
4th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices initially opened lower on Wednesday morning but upward movement on the oil market pushed contracts higher in the afternoon. However, the UK gas system was long throughout the session and demand levels were forecast to fall today which helped to weigh on the near-curve.
Energy Market Analysis - 03-02-2016
3rd February 2016 | Posted by: Daniel Birkett | Market Analysis
Falling oil continued to weigh on gas contracts across the curve on Tuesday, although a small rebound occurred in the afternoon. An 8mcm rise in demand levels restricted some of the losses on the near-curve despite a long gas system and a mild weather forecast for later in the week.
Energy Market Analysis - 02-02-2016
2nd February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices recorded losses on Monday and were dictated by the falling oil market in the afternoon, as well as the mild weather forecast for later in the week. LNG supply is also expected to remain comfortable over the next couple of weeks and demand levels were 19mcm below the seasonal norm, resulting in an oversupplied system.