Energy Market Analysis – 24-10-2018
24th October 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Tuesday with weaker stock markets and a drop in oil weighing on contracts across the curve. A decrease in both LDZ and CCGT demand, combined with comfortable supply also applied additional bearish pressure to the prompt.
Energy Market Analysis – 23-10-2018
23rd October 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices eased down on Monday with healthy supply levels weighing on contracts at the front of the curve. Improved wind levels reduced gas-fired power generation, while a milder weather outlook will result in a drop in heating demand. Meanwhile, weaker coal prices contributed to bearish movement at the back of the curve.
Energy Market Analysis – 22-10-2018
22nd October 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed strong gains on Friday with the prompt climbing higher on the back of a sharp rise in demand levels. Norwegian flows improved slightly, providing some resistance to the front of the curve, while the far-curve found support from stronger coal and oil markets.
Energy Market Analysis – 19-10-2018
19th October 2018 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was balanced yesterday as Norwegian flows were rerouted to mainland Europe and storage injections increased, resulting in gains at the front of the curve. A gas field in the UKCS also suffered an outage, reducing output by 6mcm/ day. Healthy LNG send-outs capped the gains somewhat, while the far-curve displayed small losses due to weakening commodities.
Energy Market Analysis – 18-10-2018
18th October 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed strong losses yesterday with near-curve contracts pressured down by an oversupplied system. Healthy Norwegian flows and reduced exports helped the system remain 40mcm long throughout the session. Further out, contracts found direction from a drop in oil prices following a rise in US stocks.