Energy Market Analysis – 23-06-2020
23rd June 2020 | Posted by: Daniel Birkett | Market Analysis
Gas prices corrected downwards during Monday’s session, erasing some of Friday’s gains. The system was oversupplied thanks to a rise in renewable power and lower demand, while rising oil limited losses at the back of the curve.
Energy Market Analysis – 22-06-2020
22nd June 2020 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Friday, taking direction from a rise in oil, coal, power and carbon. The larger gains were seen towards the back of the curve, with a lower demand outlook for next week also weighing on the prompt.
Energy Market Analysis – 19-06-2020
19th June 2020 | Posted by: Daniel Birkett | Market Analysis
With the exception of the prompt, gas contracts climbed higher on Thursday, following increases on coal, oil, carbon and power markets. A rise in wind levels and a warm weather outlook helped to pressure down the Day-Ahead contract.
Energy Market Analysis – 18-06-2020
18th June 2020 | Posted by: Daniel Birkett | Market Analysis
Gas contracts ended Wednesday’s session slightly higher, ignoring weakness on the broader energy market. Low renewable power generation continued to lift gas demand, offering support to the near curve.
Energy Market Analysis – 17-06-2020
17th June 2020 | Posted by: Daniel Birkett | Market Analysis
Gas prices fluctuated strongly during Tuesday’s session, with longer dated contracts holding on to gains and summer contracts closing at a loss. A rise in oil helped to lift the back of the curve, while lower demand weighed on the front.