Energy Market Analysis - 24-10-2017
24th October 2017 | Posted by: Daniel Birkett | Market Analysis
A surge in demand levels caused by colder weather offered support to the near gas curve yesterday, with additional bullish pressure provided by an outage at the South Hook LNG terminal. Contracts further along the curve moved in the opposite direction with direction coming from weaker coal and oil prices.
Energy Market Analysis - 23-10-2017
23rd October 2017 | Posted by: Daniel Birkett | Market Analysis
Prompt gas prices moved down on Friday with high wind levels helping to reduce CCGT demand, while the LNG outlook was also comfortable with 3 deliveries expected to dock in the UK in the coming weeks. Further out, contracts were pressured down by another drop in coal prices, while Brent was stable.
Energy Market Analysis - 20-10-2017
20th October 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday with a slight drop in demand and the scheduled arrival of 3 LNG deliveries in the UK helping to weigh on the near-curve. Further out, contracts were pressured down by further losses on coal and oil markets.
Energy Market Analysis - 19-10-2017
19th October 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices failed to display a clear trend yesterday with colder temperatures resulting in an increase in storage withdrawals to help meet heating demand, supporting some contracts on the near-curve. Further out, contracts weakened following downward movement on coal and oil markets.
Rough gas storage to be reviewed
18th October 2017 | Posted by: Daniel Birkett | Market Analysis
Centrica have requested that the CMA review the requirements placed on the Rough gas storage facility in order to proceed with its shutdown.