Energy Market Analysis - 05-04-2017
5th April 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas contracts increased on Tuesday on the back of stronger oil prices and an unplanned outage in Norway which restricted imports to the UK. The system was undersupplied throughout the session but drop in coal prices helped to weigh on far-curve contracts in the afternoon.
Energy Market Analysis - 04-04-2017
4th April 2017 | Posted by: Daniel Birkett | Market Analysis
Demand levels are expected to be slightly higher this week which helped to push near-curve gas contracts higher on Monday. Meanwhile, coal prices strengthened due to a drop in Australian production as a result of Cyclone Debbie, offering support further along the curve. In terms of supply, the UK gas system was balanced with exports to Belgium reaching their highest level since September 2016.
Energy Market Analysis - 03-04-2017
3rd April 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday following bullish movement in the previous three sessions, ahead of the expiry of some near-curve contracts. Prices took direction from warmer temperatures which weighed on demand levels over the weekend and today, while the supply outlook was also improved.