Energy Market Analysis - 03-01-2018
3rd January 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down during yesterday’s session as milder weather is expected over the coming days and supply levels are comfortable. UKCS has recovered as the Forties pipeline was expected to be fully operational today, resulting in a long system. However, downward movement further along the curve was limited by stronger coal and oil markets.
Energy Market Analysis - 02-01-2018
2nd January 2018 | Posted by: Daniel Birkett | Market Analysis
Day-Ahead gas opened unchanged at the start of yesterday’s session but quickly lost value thanks to a long system. Improved UKCS production helped towards the oversupply, with flows via the IUK pipeline also strong. High LDZ demand limited losses on the near-curve, while a rise in coal prices continued to lift some contracts further out.