Energy Market Analysis - 07-03-2018
7th March 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement yesterday with upward movement on the prompt limited by weaker demand and a comfortable system. However, below average temperatures are forecast for April, pushing the front-month higher, while the far-curve was supported by bullish coal and oil markets.
Energy Market Analysis - 06-03-2018
6th March 2018 | Posted by: Daniel Birkett | Market Analysis
Above average temperatures are expected later in the week which will weigh on demand levels, contributing to losses on the near-curve yesterday. The system was also long as demand decreased and pipeline supply improved. Movement further along the curve was generally stable, with support provided by rising coal and oil markets.
Energy Market Analysis - 05-03-2018
5th March 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Friday ahead of a milder weather outlook for this week. Most contracts erased some of the gains caused by unseasonably high demand and supply tightness, with the National Grid withdrawing its gas deficit warning. Contracts further along the curve, stabilised in the afternoon as a rebound in coal offset the effects of weaker Brent.
Energy Market Analysis - 02-03-2018
2nd March 2018 | Posted by: Daniel Birkett | Market Analysis
Prompt gas prices moved higher on Thursday, with Day-Ahead in particular recording a huge increase on the back of a warning issued by the national grid which requested additional flows from Europe in order to meet demand. Freezing temperatures offered support to the rest of the near-curve but contracts further out moved down, taking direction from weaker coal and oil markets.
Energy Market Analysis - 01-03-2018
1st March 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices posted strong gains yesterday due to freezing temperatures which have tightened systems across Europe. Numerous outages have also occurred, providing further support, with some contracts in the UK almost doubling in price. However, movement at the back of the curve was bearish due to weakening coal and oil markets.