Energy Market Analysis - 10-07-2017
10th July 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved down on Friday on the back of improved Norwegian flows, as maintenance work was concluded. The system was long throughout the session and the LNG outlook remains healthy with numerous deliveries expected in the UK and France this week. Further out, a falling oil market helped to weigh on contracts, although a weak Pound limited the losses.
Energy Market Analysis - 07-07-2017
7th July 2017 | Posted by: Daniel Birkett | Market Analysis
Most gas contracts were range-bound yesterday with no major shifts in terms of fundamentals. LNG send-outs are expected to remain healthy throughout July and Norwegian flows will rise today with the return of the Gjoa platform, weighing on the prompt. Meanwhile, rebounds on coal and oil markets offered some support on the far-curve.
Energy Market Analysis - 06-07-2017
6th July 2017 | Posted by: Daniel Birkett | Market Analysis
Movement along the gas curve was minimal yesterday afternoon as supply levels were comfortable, helping to restrict any upward pressure provided by stronger coal prices. In other news, the first ever US LNG delivery to the UK is expected in the near future, providing some bearish pressure at the start of the session.
Energy Market Analysis - 05-07-2017
5th July 2017 | Posted by: Daniel Birkett | Market Analysis
Movement on the gas curve was generally bearish yesterday, with little support provided by oil as markets were closed for American Independence Day. Supply levels were comfortable despite higher CCGT demand as LNG send-outs ramped up following several deliveries.
Energy Market Analysis - 04-07-2017
4th July 2017 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short throughout yesterday’s session with exports to Europe at full capacity, while an outage at the Entry Segal pipeline also limited supply. A significant drop in wind levels was also expected to increase gas-fired power generation today. This weak supply picture resulted in gains across the curve, with bullish oil also a factor.