Energy Market Analysis - 31-05-2018
31st May 2018 | Posted by: Daniel Birkett | Market Analysis
Another outage in Norway tightened the UK gas system yesterday and the LNG outlook remains weak due to a rise in Asian prices, resulting in a rise in gas prices on the near-curve. Oil prices also climbed higher in the afternoon which helped to support contracts further out, with a weaker Pound also a factor.
Energy Market Analysis - 30-05-2018
30th May 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday as renewable power was expected to decrease even further today, leading to a rise in CCGT demand. Warm weather kept residential demand below the seasonal norm and Norwegian outages were resolved, capping the gains somewhat. Further out, any upward movement was restricted by a bearish oil market.
Energy Market Analysis - 29-05-2018
29th May 2018 | Posted by: Daniel Birkett | Market Analysis
UK energy markets were closed yesterday due to the Bank Holiday weekend but the oil market displayed strong losses, while coal and carbon continued to strengthen. Friday’s session saw contracts across the curve close at a discount, with a healthy supply/ demand outlook the main market driver at the front of the curve.
Energy Market Analysis - 25-05-2018
25th May 2018 | Posted by: Daniel Birkett | Market Analysis
Prompt gas prices decreased on Thursday following a bullish opening, with Norwegian flows expected to improve today and demand levels set to remain below the seasonal norm. Prices further along the curve also moved down with direction coming from weaker Brent.
Energy Market Analysis - 24-05-2018
24th May 2018 | Market Analysis
Gas prices took a breather yesterday after climbing higher the day before, coal joined gas in the down turn as did oil, for most of the day before returning to positive territory near the close.