Energy Market Analysis - 11-07-2016
11th July 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday as the UK gas system was well-supplied throughout the session and Brent weakened, resulting in bearish sentiment across the curve. The Kollsnes processing facility was also scheduled to return online today, following maintenance which should result in a further improvement in supply levels.
Energy Market Analysis - 07-07-2016
7th July 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday afternoon following a rise in oil prices, recovering from the morning’s losses. The Pound also weakened further against the Euro which offered additional support to the near-curve. Overall fundamentals were generally unchanged from the previous session with strong exports being offset by healthy LNG send-outs.
Energy Market Analysis - 06-07-2016
6th July 2016 | Posted by: Daniel Birkett | Market Analysis
A drop in oil prices helped to weigh on gas contracts on Tuesday, with falling APi2 coal also a factor. However, the Pound continued to weaken against the Euro which helped to limit some of the downward movement. In terms of supply, Norwegian flows were slightly down on the previous session and exports to Belgium hit a 9-month high, however, healthy LNG send-outs resulted in a long UK gas system.
Energy Market Analysis - 05-07-2016
5th July 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts continued on an upward trend as fundamentals were generally unchanged from Friday, with oil and currency markets holding firm; an increase in APi2 coal prices also lent support to the gas curve. Elsewhere, LNG supply remained strong with an expected flurry of deliveries expected to arrive in the UK over the next fortnight.
Energy Market Analysis - 04-07-2016
4th July 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts moved higher by the end of Friday’s session with a drop in production levels in Holland providing support, in addition to a rise in coal and oil prices. Overall fundamentals were largely unchanged, with higher exports to Belgium being offset by increased LNG send-outs and a rise in Norwegian flows. Numerous LNG deliveries are expected to arrive at South Hook from Qatar in the coming weeks which led to the jump in send-outs.