Energy Market Analysis - 02-06-2017
2nd June 2017 | Posted by: Daniel Birkett | Market Analysis
A drop in Norwegian exports and weaker LNG send-outs tightened the UK gas system yesterday, resulting in early morning gains on the near-curve. However, these gains were erased as the session progressed as demand levels are set to remain low today and over the weekend. Far-curve prices showed minimal movement with coal and oil markets largely unchanged.
Energy Market Analysis - 01-06-2017
1st June 2017 | Posted by: Daniel Birkett | Market Analysis
Downward movement on the oil market transferred to gas prices on Wednesday, with Brent briefly dropping below the $50/b mark. Coal prices also moved down and applied further bearish pressure on the far-curve. Meanwhile, Norwegian flows increased and contributed to significant oversupply in the UK, resulting in losses at the front of the curve.