Gas prices were stable-to-bullish during Thursday’s session, with the majority of the gains displayed towards the back of the curve. Far-curve contracts found support from rising a oil market, with coal and carbon also trading higher.
Potential maintenance at facilities and pipelines which feed into the UK offered some support to prices during Wednesday’s session, although the system remained oversupplied, as it has been since the 27th of January.
Uncertainty regarding potential outages at Norwegian gas facilities helped the gas curve inch higher during Tuesday’s session, although an oversupplied system and weak demand forecast kept gains to minimum.
Gas prices decreased yesterday as mild weather resulted in a significant drop in demand, while an improved situation in the US helped towards weakening on the global energy complex. A healthy LNG schedule also helped to weigh on near curve prices.