Energy Market Analysis - 22-03-2017
22nd March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Tuesday as a result of a higher demand forecast for the next few days and an unplanned outage in Norway which restricted supply. Residential demand in the UK rose by 30mcm, with a drop in wind output also leading to a rise in CCGT generation. Meanwhile, bullish movement further along the curve was slightly restricted by weaker coal and oil contracts.
Energy Market Analysis - 21-03-2017
21st March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased yesterday as demand levels remained quite weak and flows from Norway and Russia improved. However, demand levels are set to rise over the next few days due to a drop in temperatures and lower wind levels; limiting the downward movement. Elsewhere, a drop in coal prices applied additional bearish pressure further along the curve.
Energy Market Analysis - 20-03-2017
20th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed little movement on Friday despite an expected rise in demand this week. Contracts were pressured down by a comfortable system, while coal and oil markets were also stable. Stronger wind levels reduced the need for CCGT generation, while UKCS production increased to make up for a drop in Norwegian flows.
Energy Market Analysis - 17-03-2017
17th March 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices were pressured down by bearish fundamentals, as systems across Europe are comfortable on the back of weak demand. Mild temperatures continued to weigh on residential demand, with levels 15% below the seasonal norm in the UK. A stronger Pound also helped towards the losses further along the curve.
Energy Market Analysis - 16-03-2017
16th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed gains across the curve yesterday as a slight drop in temperatures has resulted in a higher demand outlook, with weaker Norwegian flows also a supportive factor. Further out, contracts were largely dictated by increases on the oil market.