Energy Market Analysis - 22-05-2017
22nd May 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved down on Friday as the supply outlook for this week was much improved. Norwegian flows are set to increase, milder temperatures should reduce demand levels and a number of LNG deliveries are expected to dock in Europe over the next few days. Far-curve contracts were more stable as coal and oil markets continued to provide support.
Energy Market Analysis - 19-05-2017
19th May 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices followed the movement of Brent yesterday and recorded gains in the afternoon. The system remained undersupplied throughout the session despite an increase in Norwegian flows, adding to the bullish pressure. Elsewhere, the release of positive economic data in the UK helped the Pound strengthen against the Euro but this did little to limit the gains.
Energy Market Analysis - 18-05-2017
18th May 2017 | Posted by: Daniel Birkett | Market Analysis
Norwegian supply increased yesterday as maintenance at numerous fields was completed, however, the UK gas system still remained tight, restricting any losses at the front of the curve. Oil and coal prices provided on-going support to contracts further along the curve, with a weaker LNG outlook also adding to the bullish sentiment.
Energy Market Analysis - 17-05-2017
17th May 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices recorded small gains yesterday, with stronger oil providing on-going support. Prices were also helped to increase by a rising coal market, with a tight gas system also a factor as Norwegian imports remained low. Overall fundamentals were bullish as the Pound weakened once again and cooler temperatures were forecast for this week.
Energy Market Analysis - 16-05-2017
16th May 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices were pushed higher by rising Brent on Monday following the extension agreement between Russia and Saudi Arabia. The UK gas system was also short throughout the session, with on-going maintenance in Norway limiting exports to the continent. Meanwhile, the LNG outlook is weaker due to an unplanned outage at the Gorgon LNG terminal train 1 in Australia which is expected to take around a month to resolve.