Energy Market Analysis - 24-04-2018
24th April 2018 | Posted by: Daniel Birkett | Market Analysis
Unplanned outages in Norway continued to provide upward pressure on the near-curve yesterday, although below average demand levels limited the gains. Meanwhile, LNG send-outs were weak with deliveries to Europe expected to be infrequent in the short-term. Contracts at the back of the curve also moved higher, taking direction from rising coal and oil markets.
Energy Market Analysis - 23-04-2018
23rd April 2018 | Posted by: Daniel Birkett | Market Analysis
Unplanned outages in Norway helped gas contracts move higher on Thursday, with the upward trajectory continuing on Friday morning. A cooler weather outlook also offered support to the curve due to an expected rise in LDZ demand. Meanwhile, stable-to-bullish fuel markets continued to restrict any losses at the back of the curve.
Energy Market Analysis - 20-04-2018
20th April 2018 | Posted by: Daniel Birkett | Market Analysis
An unplanned outage in Norway is expected to limit capacity until October, resulting in a rise in gas prices yesterday (read more here). Above average temperatures weighed on demand levels but this current warm spell is expected to be short-lived. Further out, prices continued to move higher with direction coming from rising Brent.
Energy Market Analysis - 19-04-2018
19th April 2018 | Posted by: Daniel Birkett | Market Analysis
A sharp drop in demand helped near-curve prices move down yesterday, with above average temperatures expected to continue over the next few days. However, an extension to the outage at Kollsnes limited any bearish movement, while oil prices rebounded following the release of the EIA report, offering support to prices at the back of the curve.
Energy Market Analysis - 18-04-2018
18th April 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday as warmer weather is expected for the rest of the week and improved wind power led to a decrease in CCGT demand. The system was slightly long despite weaker LNG send-outs and a number of outages in Europe. Further out, prices displayed minor losses as fuel markets were largely stable.