Energy Market Analysis - 10-01-2018
10th January 2018 | Posted by: Daniel Birkett | Market Analysis
High demand helped towards gains on the near gas curve yesterday, with on-going support provided by the earthquake near Groningen which has affected production. An expected drop in wind generation today also contributed to upward movement on the prompt. Further out, prices continued to find support from a bullish oil market.
Energy Market Analysis - 09-01-2018
9th January 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday afternoon as gas demand increased and wind levels were set to weaken over the coming days. Support was also provided by an earthquake near the Groningen gas facility in Holland. Meanwhile, the far-curve continued to take direction from bullish coal and oil markets.
Energy Market Analysis - 08-01-2018
8th January 2018 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices decreased on Friday as the cold stint at the start of this week is expected to be short-lived and the forecast for the rest of January is mild, resulting in a weaker demand outlook. Supply levels were also healthy with no constraints on Norwegian flows. Oil and coal markets had little impact on the far-curve, with most contracts recording a small loss thanks to a stronger Pound.
Energy Market Analysis - 05-01-2018
5th January 2018 | Posted by: Daniel Birkett | Market Analysis
LDZ demand increased slightly, while a drop in wind generation led to a sharp rise in CCGT demand on Thursday. However, any upward movement was offset by comfortable supply levels, despite an expected drop in temperatures in the coming days. Further out, contracts found support from bullish coal and oil markets and increased as the session progressed.
Energy Market Analysis - 04-01-2018
4th January 2018 | Posted by: Daniel Birkett | Market Analysis
A significant rise in wind levels yesterday resulted in a drop in CCGT demand, while residential demand was reduced by milder weather. Meanwhile, the outage at Oseberg was resolved, resulting in a rise in imports to the UK. This increase in Norwegian flows, combined with improved UKCS production contributed to a long system and prices along the near-curve moved down.