Energy Market Analysis - 08-02-2017
8th February 2017 | Posted by: Daniel Birkett | Market Analysis
The weather forecast for next week is set to be milder than initially expected which helped towards losses on near gas curve on Tuesday. An LNG delivery from Peru is also set to arrive in the UK before the end of the month which further weighed on prices. Meanwhile, movement further along the curve was less visible as stronger coal prices limited any decreases.
Energy Market Analysis - 07-02-2017
7th February 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Monday, shaving off some of the significant gains which were recorded last week. Weakening coal and oil markets helped to weigh on the far-curve, while improved Norwegian supply and an expected rise in temperatures later in the month contributed to losses at the front of the curve.
Energy Market Analysis - 06-02-2017
6th February 2017 | Posted by: Daniel Birkett | Market Analysis
A cold weather forecast for the rest of February helped gas contracts move higher on Friday, with a weak LNG outlook and low storage levels also fuelling the bullish sentiment. Meanwhile, Norwegian exports to mainland Europe decreased and there was little support provided by the coal and oil markets.
Energy Market Analysis - 03-02-2017
3rd February 2017 | Posted by: Daniel Birkett | Market Analysis
Gas contracts added to their price on Thursday with an unplanned outage at the North Morecambe gas field and a colder weather forecast providing support. The expected drop in temperatures will lead to a rise in residential heating demand, while lower wind levels will result in an increase in CCGT generation.
Energy Market Analysis - 02-02-2017
2nd February 2017 | Posted by: Daniel Birkett | Market Analysis
Colder temperatures continued to push gas contracts higher yesterday, with a reduction in Russian flows via the OPAL pipeline also providing support. The drop in Russian supply was a result of a dispute between Gazprom, the EU Commission and PGNiG in Poland. A rise in coal and oil contracts and limited storage levels were also bullish factors.