Energy Market Analysis - 24-03-2017
24th March 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved down yesterday afternoon as demand levels are expected to fall in the coming days and systems across Europe were comfortable. A rise in coal prices restricted downward movement on the far-curve with further bullish pressure provided by a strengthening Pound.
Energy Market Analysis - 23-03-2017
23rd March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed losses yesterday following an improvement in Norwegian flows, as the outage at Kollsnes was resolved. Milder temperatures are also expected in the coming days with further bearish pressure provided by losses on the coal and oil markets.
Energy Market Analysis - 22-03-2017
22nd March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Tuesday as a result of a higher demand forecast for the next few days and an unplanned outage in Norway which restricted supply. Residential demand in the UK rose by 30mcm, with a drop in wind output also leading to a rise in CCGT generation. Meanwhile, bullish movement further along the curve was slightly restricted by weaker coal and oil contracts.
Energy Market Analysis - 21-03-2017
21st March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased yesterday as demand levels remained quite weak and flows from Norway and Russia improved. However, demand levels are set to rise over the next few days due to a drop in temperatures and lower wind levels; limiting the downward movement. Elsewhere, a drop in coal prices applied additional bearish pressure further along the curve.
Energy Market Analysis - 20-03-2017
20th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed little movement on Friday despite an expected rise in demand this week. Contracts were pressured down by a comfortable system, while coal and oil markets were also stable. Stronger wind levels reduced the need for CCGT generation, while UKCS production increased to make up for a drop in Norwegian flows.