Energy Market Analysis - 16-05-2017
16th May 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices were pushed higher by rising Brent on Monday following the extension agreement between Russia and Saudi Arabia. The UK gas system was also short throughout the session, with on-going maintenance in Norway limiting exports to the continent. Meanwhile, the LNG outlook is weaker due to an unplanned outage at the Gorgon LNG terminal train 1 in Australia which is expected to take around a month to resolve.
Energy Market Analysis - 15-05-2017
15th May 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts increased on Friday following a rise in buying interest as traders looked to exploit strong losses earlier in the week. Norwegian flows were also restricted due to on-going maintenance at a number of fields. Meanwhile, coal and oil contracts strengthened, offering additional support to the far-curve, with a weaker Pound also a factor.
Energy Market Analysis - 12-05-2017
12th May 2017 | Market Analysis
European gas spot and near curve prices weakened yesterday, pressured by weak demand forecasts due to expectations of warmer weather.
Energy Market Analysis - 11-05-2017
11th May 2017 | Market Analysis
European gas prices were rangebound on Wednesday, pressured by weak demand forecasts in the coming days on one side and supported by a rebound in oil prices on the other. Norwegian gas exports to Europe fell to their lowest level since September 2016, which is mainly due to planned field maintenance work over the next three days.
Energy Market Analysis - 10-05-2017
10th May 2017 | Posted by: Natalie Ormrod | Market Analysis
Despite higher-than-expected demand due to cool weather, European gas spot and near curve prices weakened yesterday, pressured by forecasts of higher temperatures in the coming days.