Energy Market Analysis - 17-03-2017
17th March 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices were pressured down by bearish fundamentals, as systems across Europe are comfortable on the back of weak demand. Mild temperatures continued to weigh on residential demand, with levels 15% below the seasonal norm in the UK. A stronger Pound also helped towards the losses further along the curve.
Energy Market Analysis - 16-03-2017
16th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed gains across the curve yesterday as a slight drop in temperatures has resulted in a higher demand outlook, with weaker Norwegian flows also a supportive factor. Further out, contracts were largely dictated by increases on the oil market.
Energy Market Analysis - 15-03-2017
15th March 2017 | Posted by: Daniel Birkett | Market Analysis
The South Hook LNG terminal suffered an unplanned outage yesterday morning and Norwegian flows via the Langeled pipeline also dropped, tightening the UK gas system. However, the outage was quickly resolved and LNG send-outs improved throughout the session, resulting in oversupply and a rise in exports to Belgium. Prices were generally stable with a weakening Pound offering some support but falling coal and oil limited any gains on the far-curve.
Energy Market Analysis - 14-03-2017
14th March 2017 | Posted by: Daniel Birkett | Market Analysis
Long gas systems across Europe and a weak demand outlook resulted in further downward movement on Monday; the UK gas system in particular was oversupplied by 50mcm. LNG send-outs remained high which pressured down the prompt and the losses filtered through to the rest of the curve, with coal and oil markets providing little support.
Energy Market Analysis - 13-03-2017
13th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices stabilised on Friday following strong losses in the previous session as fundamentals were largely unchanged. A further drop in the Pound offered some support to the market but weakening oil continued to pressure down prices on the far-curve.