Energy Market Analysis - 17-04-2018
17th April 2018 | Posted by: Daniel Birkett | Market Analysis
The prompt decreased slightly due to a healthy renewable power forecast, while an expected rise in temperatures from Wednesday onward provided resistance to the bulls on the near-curve. However, the system opened short due to unplanned outages which capped any losses. The back of the curve displayed minor changes as oil and coal markets became more stable.
Energy Market Analysis - 16-04-2018
16th April 2018 | Posted by: Daniel Birkett | Market Analysis
The prompt climbed higher on Friday following a drop in supply, although a warmer weather outlook for the weekend and this week helped to limit upward movement on the rest of the near-curve. Meanwhile, sentiment at the back of the curve was generally bullish with support provided by stronger oil and coal prices.
Energy Market Analysis - 13-04-2018
13th April 2018 | Posted by: Daniel Birkett | Market Analysis
Upward movement could be observed across the gas curve yesterday despite a balanced system. Cooler weather was expected to continue today which will keep demand levels above the seasonal norm, although the end of planned outages in Europe resulted in improved supply. Prices at the back of the curve continued to increase with direction coming from bullish Brent.
Energy Market Analysis - 12-04-2018
12th April 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased during Wednesday’s session due to an undersupplied system and rising fuel markets. Scheduled maintenance in Norway restricted flows to the rest of Europe, while colder weather lifted demand, tightening supply. Further out, oil prices found support from the potential US/ China trade war and tensions in the Middle East.
Energy Market Analysis - 11-04-2018
11th April 2018 | Posted by: Daniel Birkett | Market Analysis
An outage in Germany saw Norwegian flows rerouted to the UK yesterday, impacting European markets. The front of the UK gas curve moved higher on the back of a colder weather outlook for the remainder of the week. Prices at the back of the curve also displayed a bullish trend on the back of rising fuel contracts.