Energy Market Analysis – 24-03-2021
24th March 2021 | Posted by: Daniel Birkett | Market Analysis
Demand levels sat well below the seasonal average during Tuesday’s session, resulting in a comfortable system despite planned maintenance reducing imports into the UK. The curve was mostly bearish as a result, with a drop in carbon allowance contracts also a factor.
Energy Market Analysis – 23-03-2021
23rd March 2021 | Posted by: Daniel Birkett | Market Analysis
Contracts along the gas curve ended the session strongly with colder weather forecasts expected to lift demand, while scheduled maintenance at facilities in Norway and the UKCS will reduce imports.
Energy Market Analysis – 22-03-2021
22nd March 2021 | Posted by: Daniel Birkett | Market Analysis
A milder weather outlook for the coming week and comfortable supply levels helped gas prices end Friday’s session lower. A significant drop in oil prices also helped to weigh on longer dated contracts with concerns regarding a second wave of the Coronavirus in Europe the main market driver.
Energy Market Analysis – 19-03-2021
19th March 2021 | Posted by: Daniel Birkett | Market Analysis
An uptick in demand and reduced imports resulted in a tighter gas system during Thursday’s session which led to bullish movement across the curve. A further rally on carbon markets also offered support to longer dated contracts.
Energy Market Analysis – 18-03-2021
18th March 2021 | Posted by: Daniel Birkett | Market Analysis
Strong LNG send-outs and reduced demand contributed to an oversupplied system throughout Wednesday’s session, resulting in losses across the near curve. Bearish movement could also be seen further out with minimal support provided by commodity markets.