Energy Market Analysis - 08-03-2017
8th March 2017 | Posted by: Daniel Birkett | Market Analysis
A downward revision in temperatures for next week and a drop in supply helped near-curve contracts move higher in the morning. Unplanned outages resulted in weaker UKCS production, while Russian flows into Europe also decreased. However, a significant drop in coal prices helped to pressure down contracts later in the session, erasing the morning’s gains.
Energy Market Analysis - 07-03-2017
7th March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices shed from their price at the start of the session but recovered in the afternoon following a drop in North Sea production due to an unplanned outage which restricted flows at the St-Fergus terminal. Further support was also provided by a rise in oil prices, although upward movement at the front of the curve was restricted by healthy LNG send-outs, with numerous deliveries expected to dock in the UK.
Energy Market Analysis - 06-03-2017
6th March 2017 | Posted by: Daniel Birkett | Market Analysis
Healthy supply levels helped to pressure down near-curve gas contracts on Friday, while prices further along the curve were more resilient. A weaker Pound offered some support to contracts but stronger LNG send-outs and a milder weather outlook remained the main market drivers.
Energy Market Analysis - 03-03-2017
3rd March 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices continued to display a downward trend yesterday on the back of a healthy supply picture and weakening coal & oil. LNG send-outs increased further with deliveries expected to dock in the UK over the next couple of days, while above average temperatures are expected next week, also weighing on prices. Elsewhere, restrictions on Chinese domestic coal production continued to effect the worldwide market.
Energy Market Analysis - 02-03-2017
2nd March 2017 | Posted by: Daniel Birkett | Market Analysis
Improved Norwegian and UKCS supply, as well as an upward revision in temperatures for next week helped to pressure down contracts on the near gas curve yesterday morning. However, a rise in coal and oil contracts helped to recover these losses in the afternoon, with a weaker Pound also adding to the bullish sentiment.