Energy Market Analysis - 15-02-2017
15th February 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts inched higher Tuesday morning but another upward revision in temperatures helped towards losses in the afternoon. The UK gas system was long following an increase in UKCS production, while wind levels are also expected to improve next week, weighing on the prompt. Further out, contracts were generally stable with little support coming from coal and oil markets.
Energy Market Analysis - 14-02-2017
14th February 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday on the back of the mild weather forecast for the rest of February. The expected delivery of an LNG shipment at the Isle of Grain also helped to weigh on prices, with weaker oil and coal markets an additional factor.
Energy Market Analysis - 13-02-2017
13th February 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts moved down on Friday as the second half of February is expected to be mild, with a significant drop in demand expected today helping the prompt record a loss. Outages at the Rough and Bergermeer storage facilities failed to offer much support, although an increase in Brent helped to limit downward movement on the far-curve.
Energy Market Analysis - 10-02-2017
10th February 2017 | Posted by: Daniel Birkett | Market Analysis
Near curve gas prices decreased yesterday as temperatures across Europe are set to turn milder next week which will reduce demand levels. However, the losses were smaller than previous sessions as demand was set to peak today and UKCS and Norwegian flows were limited by unplanned outages, while coal and gas markets also ticked higher.
Energy Market Analysis - 09-02-2017
9th February 2017 | Posted by: Daniel Birkett | Market Analysis
A warmer weather outlook continued to pressure down gas contracts yesterday as demand levels will decline over the next couple of weeks; a stronger Pound also helped to weigh on prices. The bearish movement was more evident at the front of the curve as losses further out were limited by a rebound in oil contacts.