Energy Market Analysis - 24-01-2018
24th January 2018 | Posted by: Daniel Birkett | Market Analysis
The mild weather outlook for January and February continues to apply bearish pressure to the near-curve. However, any losses were limited by a drop in supply as unplanned outages reduced Norwegian and UKCS flows into the UK. Prices further along the curve held firm as a bullish oil market offered continued support.
Energy Market Analysis - 23-01-2018
23rd January 2018 | Posted by: Daniel Birkett | Market Analysis
Comfortable wind generation reduced CCGT demand yesterday, while milder weather resulted in a drop in residential demand, offsetting the effects of a short system and helping near-curve gas prices move down. Unplanned outages restricted some of the losses, while bullish oil provided upward pressure on the far-curve.
Energy Market Analysis – 22-01-2018
22nd January 2018 | Posted by: Daniel Birkett | Market Analysis
Movement on the gas curve was largely bearish on Wednesday as above average temperatures were forecast for the rest of the month which will lead to a drop in residential demand. Supply levels were constrained by an outage in Norway resulting in a short system, restricting some of the losses, while weaker Brent weighed on the far-curve.
Energy Market Analysis - 19-01-2018
19th January 2018 | Posted by: Daniel Birkett | Market Analysis
An outage in Norway and a drop in flows via the BBL pipeline tightened the UK system yesterday and limited any downward movement at the front of the curve. Bearish pressure was provided by the expected drop in LDZ demand next week and far-curve prices stabilised with little support provided by fuel markets.
Energy Market Analysis - 18-01-2018
18th January 2018 | Posted by: Daniel Birkett | Market Analysis
Bearish movement could be observed across the gas curve on Wednesday, with comfortable supply levels and a milder weather outlook weighing on prices at the front of the curve. Meanwhile, the Pound strengthened against the Euro, helping towards downward movement at the back of the curve.