Energy Market Analysis - 09-06-2016
9th June 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices recorded strong losses yesterday as Norwegian flows are on the rise with maintenance at the Kollsnes processing facility and the Troll gas field nearing an end. Downward movement on the far-curve was less prominent as stronger oil contracts continued to offer support.
Energy Market Analysis - 08-06-2016
8th June 2016 | Posted by: Daniel Birkett | Market Analysis
The bullish oil market continued to push gas contracts higher on Tuesday, with the stronger upward movement observed further along the curve. The UK gas system was long for the majority of the session which helped the prompt contract close at a discount; stronger flows from Norway were the main factor behind the well-supplied system.
Energy Market Analysis - 07-06-2016
7th June 2016 | Posted by: Daniel Birkett | Market Analysis
Bullish movement was observed across the gas curve at the end of Monday’s session as a rising oil market continues to drive prices higher. A short gas system due to maintenance in the UK and Norway also helped towards the gains on the near-curve, offsetting weak demand levels.
Energy Market Analysis - 06-06-2016
6th June 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday on the back of a warmer weather forecast for the weekend and this week, which will weigh on demand levels. Rising Brent helped to restrict some of the downward movement further along the curve but the overall sentiment remained bearish.
Energy Market Analysis - 03-06-2016
3rd June 2016 | Posted by: Natalie Ormrod | Market Analysis
Gas balances faced further supply concerns yesterday following an outage at the North Morecambe field, in addition to the fall in Norwegian supply. LNG output also fell, contributing to increased prices, while cooler temperatures saw demand rise.