Energy Market Analysis - 23-11-2017
23rd November 2017 | Posted by: Daniel Birkett | Market Analysis
A drop in coal and mild weather helped to exert bearish pressure across the gas curve yesterday afternoon. Temperatures remained above average yesterday and were forecast to stay mild today, reducing LDZ demand. Wind levels were also set to increase today, meaning less reliance on gas-fired power generation.
Energy Market Analysis - 22-11-2017
22nd November 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday, with a colder weather outlook dictating movement on the near-curve and stronger fuel markets supporting contracts at the back of the curve. The system was long despite maintenance in Norway and healthy wind reduced CCGT demand, limiting gains on the prompt.
Energy Market Analysis - 21-11-2017
21st November 2017 | Posted by: Daniel Birkett | Market Analysis
Another revision in weather forecasts has pointed to a drop in temperatures next week, providing support on the near gas curve yesterday. Maintenance at a Norwegian gas field also contributed to gains, with a rebound in coal helping towards upward movement further out. However, gains on the prompt were limited by healthy wind output and below average demand.
Energy Market Analysis - 20-11-2017
20th November 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved down on Friday with a mild weather outlook for the weekend and a slightly long system helping towards the losses. A recovery in the Pound helped towards downward movement at the back of the curve as oil and coal markets were stable.
Energy Market Analysis - 17-11-2017
17th November 2017 | Posted by: Daniel Birkett | Market Analysis
The UK gas system remained long throughout Thursday’s session as milder temperatures reduced residential demand and a rise in wind levels resulted in lower CCGT demand. This helped contracts move down as the session progressed, with little support provided by coal and oil markets.