Energy Market Analysis - 10-01-2017
10th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices strengthened yesterday due to a cold weather forecast for the second half of January. The UK gas system was oversupplied throughout the session but this did little to limit the gains at the front of the curve as the Pound weakened on the back of comments made by Theresa May in regards to a ‘hard Brexit’.
Energy Market Analysis - 09-01-2017
9th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday on the back of a mild weather forecast for this week and a considerable drop in APi2 coal prices. An unplanned outage at the Rough storage facility helped contracts move higher earlier in the session, while a weak LNG outlook also restricted some of the downward movement.
Energy Market Analysis - 06-01-2017
6th January 2017 | Posted by: Daniel Birkett | Market Analysis
High residential demand and an unplanned outage in Norway supported gas contracts on the near-curve yesterday morning. However, a decision by the Dutch government not to change production levels at the Groningen facility resulted in losses across the curve in the afternoon; although production levels will be reviewed again next month.
Energy Market Analysis - 05-01-2017
5th January 2017 | Posted by: Daniel Birkett | Market Analysis
A new outage at the Rough storage facility will reduce withdrawals by 13mcm/ day until the 13th of January; helping towards gains on the gas curve yesterday. Strong upward movement on the coal market provided additional bullish pressure, with a cold weather outlook pushing demand levels higher.
Energy Market Analysis - 04-01-2017
4th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts moved down yesterday with a milder weather forecast for this month and an oversupplied system weighing on prices across the near-curve. A drop in oil and coal prices later in the session also helped to weigh on contracts further along the curve. Elsewhere, Russian flows via the OPAL pipeline increased following a decision by the EU commission to raise its capacity, while the Pound also strengthened against the Euro.