Energy Market Analysis - 23-08-2018
23rd August 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices climbed higher yesterday with Norwegian supply constraints continuing to offer support to contracts at the front of the curve. Maintenance at Kollsnes was initially expected to cut flows by 32.5mcm but this was been revised to 35.5mcm and will last until the 2nd of September. Meanwhile, bullish carbon and oil markets helped far-curve prices to increase.
Energy Market Analysis - 22-08-2018
22nd August 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased across the curve on Tuesday with direction provided by lower supply and stronger commodities. Ongoing maintenance in Norway limited flows into the UK, contributing to a short system, while bullish oil and carbon markets supported the far-curve.
Energy Market Analysis - 21-08-2018
21st August 2018 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday morning but a rebound on oil & coal markets, in addition to two unplanned outages helped contracts to recover in the afternoon. The system opened long despite planned maintenance and a worker’s strike limiting flows into the UK; this helped to weigh on the near-curve at the start of the session.
Energy Market Analysis - 20-08-2018
20th August 2018 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices were bullish on Friday due to planned maintenance at Norwegian facilities which has limited flows via the Langeled pipeline into the UK. A strike by Total employees was also set to take place today, impacting production levels in the UKCS, while stronger coal offered support to the far-curve.
Energy Market Analysis - 17-08-2018
17th August 2018 | Posted by: Daniel Birkett | Market Analysis
Maintenance at Kollsnes is scheduled to begin today which will reduce Norwegian flows by 20mcm, with a further decrease expected next week. Another Norwegian facility will also be undergoing maintenance over the same time period and this helped gas prices climb higher on Thursday, with bullish oil also a factor.