Energy Market Analysis - 24-07-2017
24th July 2017 | Posted by: Daniel Birkett | Market Analysis
Falling oil prices helped gas contracts decrease on Friday afternoon, erasing the gains recorded at the start of the session. The outage at Kollsnes continued to restrict supply levels in the UK, contributing to bullish movement in the morning. On the far-curve, prices were dictated by rising coal prices and a stronger Euro before the drop in Brent.
Energy Market Analysis - 21-07-2017
21st July 2017 | Posted by: Daniel Birkett | Market Analysis
The on-going outage at the Kollsnes processing plant continued to restrict Norwegian flows into the UK, although outages at the Troll and Kvitebjorn fields have been resolved. These supply restrictions supported contracts on the near-curve, with a weaker Pound also a bullish factor.
Energy Market Analysis - 20-07-2017
20th July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices were relatively stable on Wednesday as the majority of fundamentals were largely unchanged. Coal prices increased in the morning but fell later in the session and gas-fired power demand was down due to healthier renewable generation.
Energy Market Analysis - 19-07-2017
19th July 2017 | Posted by: Daniel Birkett | Market Analysis
Rising coal prices and a short system did little to prevent gas contracts recording a loss yesterday, with the majority managing to erase Monday’s gains. An improved supply/ demand outlook helped to weigh on prices as Norwegian flows are set to rise and strong wind levels will reduce CCGT demand.
Energy Market Analysis - 18-07-2017
18th July 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased on Monday as the system was undersupplied throughout the session and further support was provided by a rise in Brent. Demand levels were 14mcm above average for this time of year and the system started the session 9mcm short. On the far-curve, prices were dictated by rising oil on the back of a lower rig count in the US.