Energy Market Analysis –21-06-2019
21st June 2019 | Posted by: Daniel Birkett | Market Analysis
Gas prices were pushed higher by rising coal and oil markets during Thursday’s session, with the larger increases displayed towards the back of the curve. Healthy storage levels, expected LNG deliveries and milder weather capped any upward movement at the front of the curve.
Energy Market Analysis –20-06-2019
20th June 2019 | Posted by: Daniel Birkett | Market Analysis
Despite a late rally for oil prices, commodity markets were bearish on Wednesday which pressured down gas contracts. A rise in renewable availability will reduce gas-fired power demand, with warmer weather and stronger LNG send-outs also expected; weighing on the near-curve.
Energy Market Analysis –19-06-2019
19th June 2019 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Tuesday with most decreases thought to be technical, with a lot of contracts close to their resistance levels. Supply levels also improved later in the day as unplanned outages in Norway were resolved, balancing the system.
Energy Market Analysis –18-06-2019
18th June 2019 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved higher yesterday due to an undersupplied system, as an unplanned outage limited flows to the UK. Meanwhile, any changes on the near-curve were minor as coal and oil markets weakened, offering resistance to the bulls.
Energy Market Analysis –17-06-2019
17th June 2019 | Posted by: Daniel Birkett | Market Analysis
Despite a late rally towards the end of the session, gas prices ended the day at a discount on Friday. The front of the curve found direction from a milder weather outlook this week which will weigh on demand, with a slight rise in renewables expected today. Further out, prices stabilised as bullish oil offered resistance, with coal and carbon also displaying minor gains.