Energy Market Analysis - 15-06-2018
15th June 2018 | Posted by: Stephen Berrey | Market Analysis
UK Gas closed down yesterday, after trading higher until late afternoon. The cause of this was mainly due to late weakness in oil and coal, driven by large EUR/USD moves.
Energy Market Analysis - 14-06-2018
14th June 2018 | Posted by: Daniel Birkett | Market Analysis
A short system helped near-curve gas contracts climb higher on Wednesday, although an expected surge in wind power was expected overnight, weighing on the prompt. The closure of the IUK pipeline led to a halt in exports but outages in the UKCS limited supply levels. Further out, the majority of prices displayed gains with direction coming from increases on coal and oil markets.
Energy Market Analysis - 13-06-2018
13th June 2018 | Posted by: Daniel Birkett | Market Analysis
Scheduled outages at facilities in the UK Continental Shelf limited flows to the UK yesterday, providing support to contracts at the front of the curve in the afternoon; although gains were capped by weak demand levels. Further out, prices were pushed higher by rising EUA carbon contracts, however, bearish Brent offered some resistance.
Energy Market Analysis - 12-06-2018
12th June 2018 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved down on Monday as Norwegian flows ramped up, contributing to an oversupplied system. A slight rise in renewable power also helped to reduce CCGT demand. Further out, prices were pressured down by bearish coal and oil markets.
Energy Market Analysis - 11-06-2018
11th June 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices were bullish at the start of Friday’s session with support coming from the Netherlands, as the Dutch government revealed its plans to cut production at Groningen at a quicker rate. However, prices decreased later in the session on the back of weaker fuel markets and a low demand outlook.