Energy Market Analysis - 17-01-2017
17th January 2017 | Posted by: Daniel Birkett | Market Analysis
A milder weather forecast for the rest of this month helped to weigh on near-curve gas contracts yesterday. Additional bearish pressure was provided by healthy Norwegian supply as two unplanned outages were resolved, however, a weaker Pound restricted the losses somewhat.
Energy Market Analysis - 16-01-2017
16th January 2017 | Posted by: Daniel Birkett | Market Analysis
Two unplanned outages restricted export capacity in Norway on Friday which contributed to a volatile European market but UK gas prices moved down as traders cashed in on profits following strong gains at the start of the week. Further out, contracts were also pressured down by weaker coal and oil markets.
Energy Market Analysis - 13-01-2017
13th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday afternoon as traders cashed in on profits following strong gains earlier in the week. However, fundamentals were bullish as a significant drop in temperatures is expected next week which will push residential demand higher. The LNG outlook is also weak, while withdrawals at the Rough storage facility are 10mcm lower due to an ongoing outage.
Energy Market Analysis - 12-01-2017
12th January 2017 | Posted by: Daniel Birkett | Market Analysis
Despite a mild weather outlook for the next week or so, extremely cold temperatures are set to hit Europe later in the month, leading to a surge in demand. Weaker wind levels will also increase the UK’s reliance on CCGT generation, with rising fuel prices also assisting the bulls during yesterday’s session.
Energy Market Analysis - 11-01-2017
11th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices inched higher during yesterday’s session as cold weather and a weak Pound combined to support contracts across the curve. Temperatures are set to fall well below the seasonal norm for around two weeks, however, the short term outlook is relatively mild.