Energy Market Analysis - 30-06-2016
30th June 2016 | Posted by: Daniel Birkett | Market Analysis
Maintenance at Norwegian gas facilities reduced imports into the UK and the rest of Europe yesterday which provided support to near-curve contracts. A rise in exports to Belgium via the UK interconnector also increased demand and supported the bulls. Further out, prices were dictated by rising oil contracts and recorded gains.
Energy Market Analysis - 29-06-2016
29th June 2016 | Posted by: Daniel Birkett | Market Analysis
Gas systems across Europe were balanced yesterday thanks to a rise in imports from Norway, resulting in downward movement across the gas-curve. A drop in oil prices also helped to weigh on far-curve contracts, assisted by a weakening Pound.
Energy Market Analysis - 28-06-2016
28th June 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased yesterday afternoon as the UK gas system was balanced throughout the session following a rise in supply. The Pound also weakened further against the Euro which resulted in some losses on Euro-traded contracts, while a drop in Brent pressured down prices on the far-curve.
Energy Market Analysis - 27-06-2016
27th June 2016 | Posted by: Daniel Birkett | Market Analysis
A drop in the Pound resulted in strong upward movement on the UK gas curve on Friday, although Euro-traded contracts posted losses. Elsewhere, the Dutch Economic Affairs Minister made a preliminary decision to cap production at the Groningen gas facility over the next five years; reducing output from 27bcm to 24bcm.
Energy Market Analysis - 24-06-2016
24th June 2016 | Posted by: Daniel Birkett | Market Analysis
Profit taking by traders resulted in losses on the gas curve yesterday, while overall fundamentals were generally comfortable. Demand levels weakened which contributed to downward movement on the near-curve and weakening oil prices pressured down contracts further out.