Energy Market Analysis – 23-11-2020
23rd November 2020 | Posted by: Daniel Birkett | Market Analysis
Low demand and improved supply helped towards an oversupplied gas system on Friday, resulting in losses on the prompt and the rest of the near curve. Sentiment further out was bullish as contracts followed oil markets.
Energy Market Analysis – 20-11-2020
20th November 2020 | Posted by: Daniel Birkett | Market Analysis
The front of the gas curve moved down due to very healthy supply and demand levels which were significantly below the seasonal norm. On the far curve, movement was slightly bullish as oil and carbon continued to strengthen.
Energy Market Analysis – 19-11-2020
19th November 2020 | Posted by: Daniel Birkett | Market Analysis
The system was oversupplied during yesterday’s session thanks to mild weather, improved LNG send-outs and low demand for power. Downward movement could be seen across the near curve, while longer dated contracts were pushed higher by rising carbon.
Energy Market Analysis – 18-11-2020
18th November 2020 | Posted by: Daniel Birkett | Market Analysis
Langeled and UKCS flows are at capacity this week, demand levels are very low and LNG send outs increased slightly, resulting in bearish movement on the prompt and across the near curve yesterday.
Energy Market Analysis – 17-11-2020
17th November 2020 | Posted by: Daniel Birkett | Market Analysis
Sentiment on the gas curve was little changed from last week, with low demand and healthy supply weighing on the near curve, although LNG send outs were limited. On the far curve, prices were pushed higher by stronger oil and carbon.