Energy Market Analysis - 01-05-2018
1st May 2018 | Posted by: Daniel Birkett | Market Analysis
Colder temperatures resulted in higher demand levels yesterday and prices across the near-curve increased. Storage withdrawals were needed to try and balance the system, providing further support, although a rise in LNG send-outs provided some resistance. Additional upward pressure was also applied in the afternoon following an unplanned outage at St Fergus. Further out, prices were pushed higher by rising coal and oil markets.