Energy Market Analysis - 12-04-2017
12th April 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas contracts posted losses yesterday following a strong rise in Norwegian flows and a drop in storage withdrawals. The supply outlook is healthy despite cooler temperatures, with higher wind power resulting in a drop in gas-fired generation. Further out, the downward movement was restricted by a bullish oil market.
Energy Market Analysis - 11-04-2017
11th April 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased throughout Monday’s session as a result of stronger imports from Norway and healthy UKCS production, with a rise in demand levels having little impact. An increase in Russian imports resulted in comfortable systems across Europe, adding to the bearish sentiment, although oil prices remained supportive.
Energy Market Analysis - 10-04-2017
10th April 2017 | Posted by: Daniel Birkett | Market Analysis
A healthy supply picture across Europe and weaker demand levels helped to weigh on near-curve gas contracts on Friday afternoon. However, downward movement further along the curve was restricted by a strengthening oil market, with bullish coal also a factor.
Energy Market Analysis - 07-04-2017
7th April 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down across the curve on Thursday as the system remained long thanks to healthy UKCS production which more than offset a slight rise in demand. Temperatures are also set to turn warmer over the weekend and the start of next week and the overall supply outlook is comfortable.
Energy Market Analysis - 06-04-2017
6th April 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices inched higher during yesterday’s session with bullish pressure provided by increases on the oil market and a cooler weather outlook. Residential demand was higher than the previous session and Norwegian supply was weaker due to an outage, meanwhile, rising coal continued to offer support on the far-curve.