energy price graph - 01-07-2016

Energy Market Analysis - 01-07-2016

1st July 2016 | Posted by: Daniel Birkett | Market Analysis

Gas prices moved down on Thursday on the back of weakening oil prices, with a stable supply outlook also limiting any upward movement. Norwegian imports into the UK fell and exports to Belgium increased following the end of maintenance at the UK interconnector, tightening European gas systems. This drop in supply was offset by a healthy LNG outlook, with 5 deliveries expected to arrive in the UK over the next fortnight.