Energy Market Analysis - 31-08-2017
31st August 2017 | Posted by: Daniel Birkett | Market Analysis
Undersupplied systems across Western Europe supported gas contracts on Wednesday, although improved UKCS production restricted gains in the UK. Maintenance at Norwegian and Russian gas fields continued to create bullish pressure, although weaker oil helped to weigh on some contracts on the far-curve.
Energy Market Analysis - 30-08-2017
30th August 2017 | Posted by: Daniel Birkett | Market Analysis
A limited wind and solar outlook helped to lift gas prices on Tuesday, with more expensive CCGT generation expected to make up the shortfall. LNG send-outs are also set to remain low in the short term and Norwegian production continued to experience issues, restricting flows into the UK and the rest of Europe.
Energy Market Analysis - 29-08-2017
29th August 2017 | Posted by: Daniel Birkett | Market Analysis
Trading was limited yesterday due to the Bank Holiday, however, warmer weather and stronger coal prices helped European markets move higher. Supply remained tight, while a weakening Pound continued to support contracts.
Energy Market Analysis - 25-08-2017
25th August 2017 | Posted by: Daniel Birkett | Market Analysis
Outages in the North Sea resulted in a balanced system yesterday, offering support to gas contracts. Flows via Langeled stood at 70mcm, however levels are expected to drop back to around the 40mcm norm next week which could result in strong undersupply. Meanwhile, the Pound continued to weaken and the outlook for oil was bullish due to the impending storm in the US.
Energy Market Analysis - 24-08-2017
24th August 2017 | Posted by: Daniel Birkett | Market Analysis
Fresh outages at gas fields continued to impact UKCS production and imports from Norway yesterday, offering support to near-curve contracts. Oil prices also rallied higher and the Pound weakened, contributing to gains further along the curve.