Energy Market Analysis - 23-06-2017
23rd June 2017 | Market Analysis
European gas prices weakened on Thursday as Brent prices plunged below £45/bbl overnight on Wednesday and news that Centrica applied to British regulator for permission to release almost 1Bcm of remaining stocks and cushion gas from the Rough storage site mostly in Q4-17.
Energy Market Analysis - 22-06-2017
22nd June 2017 | Posted by: Daniel Birkett | Market Analysis
Movement along the gas curve varied on Wednesday, with tight supply and a falling oil market continuing to dictate prices. The UK gas system was short as storage injection demand remained high, while an on-going outage in Norway restricted imports. Meanwhile, strong losses on the oil market contributed to bearish sentiment on the far-curve.
Energy Market Analysis - 21-06-2017
21st June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement yesterday with a tight UK gas system offering support at the front of the curve and a falling oil market weighing on the far-curve. A drop in Norwegian supply and a rise in storage injections contributed to the short system, despite lower demand levels. Elsewhere, coal prices stabilised and the Pound weakened further against the Euro.
Energy Market Analysis - 20-06-2017
20th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased during Monday’s session with support provided by maintenance at Norwegian gas fields and a short UK gas system. Weaker wind resulted in higher gas-fired generation, while demand for storage injections was also stronger due to the low cost of the Day-Ahead contract compared to Front-Month.
Energy Market Analysis - 19-06-2017
19th June 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts added to their price on Friday as the UK gas system was short due to a drop in Norwegian flows. The significant reduction in imports into the UK was caused by unplanned outages at the Kvitebjorn and Kristin fields. Upward movement on the oil market also transferred to gas and far-curve contracts closed at premium.