Energy Market Analysis – 22-01-2021
22nd January 2021 | Posted by: Daniel Birkett | Market Analysis
Gas contracts initially opened lower yesterday but strengthened as the session progressed due to a higher demand outlook. The system was undersupplied throughout the session, as demand was up and flows were unchanged.
Energy Market Analysis – 21-01-2021
21st January 2021 | Posted by: Daniel Birkett | Market Analysis
Sentiment was little changed yesterday, although a rise on oil markets offered support in the morning. The rest of the session was driven by a mild and windier weather outlook and an expected rise in LNG send-outs next month.
Energy Market Analysis – 20-01-2021
20th January 2021 | Posted by: Daniel Birkett | Market Analysis
Despite a much healthier supply/ demand outlook, gas prices were slightly bullish yesterday as UK and European markets were dictated by lockdowns which led to a downward revision in fuel demand forecasts.
Energy Market Analysis – 19-01-2021
19th January 2021 | Posted by: Daniel Birkett | Market Analysis
Milder temperatures were forecast for today which was expected to reduce demand, helping towards losses at the front of the curve. LNG send-outs remained low but flows via the BBL and IUK pipelines have been healthy and consistent.
Energy Market Analysis – 18-01-2021
18th January 2021 | Posted by: Daniel Birkett | Market Analysis
Gas prices eased down towards the end of last week as temperatures forecasts for the next fortnight were revised higher. Improved wind generation was also forecast for the weekend and the start of this week, reducing demand.