Energy Market Analysis - 05-04-2017
5th April 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas contracts increased on Tuesday on the back of stronger oil prices and an unplanned outage in Norway which restricted imports to the UK. The system was undersupplied throughout the session but drop in coal prices helped to weigh on far-curve contracts in the afternoon.
Energy Market Analysis - 04-04-2017
4th April 2017 | Posted by: Daniel Birkett | Market Analysis
Demand levels are expected to be slightly higher this week which helped to push near-curve gas contracts higher on Monday. Meanwhile, coal prices strengthened due to a drop in Australian production as a result of Cyclone Debbie, offering support further along the curve. In terms of supply, the UK gas system was balanced with exports to Belgium reaching their highest level since September 2016.
Energy Market Analysis - 03-04-2017
3rd April 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday following bullish movement in the previous three sessions, ahead of the expiry of some near-curve contracts. Prices took direction from warmer temperatures which weighed on demand levels over the weekend and today, while the supply outlook was also improved.
Energy Market Analysis - 31-03-2017
31st March 2017 | Posted by: Daniel Birkett | Market Analysis
Traders continued to close their short positions yesterday ahead of the expiry of some near-curve contracts which offered support to the gas curve. However, demand levels were low across Europe due to mild weather, with residential demand in the UK dropping 30% below the seasonal norm, limiting the gains at the front of the curve.
Energy Market Analysis - 30-03-2017
30th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Wednesday despite a bearish supply outlook, instead direction came from traders closing their short positions ahead of the expiry of some near-curve contracts. In terms of supply, demand is low due to mild weather, while LNG send-outs are comfortable. A rise in oil prices, on the back of the latest EIA report also offered support to the far-curve.