Energy Market Analysis - 01-02-2017
1st February 2017 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas contracts moved higher yesterday with support coming from a strengthening coal market and an expected drop in temperatures in the second half of February. Storage levels were close to record lows across Europe, with an outage at the Rough storage facility continuing to fuel bullish pressure in the UK.
Energy Market Analysis - 31-01-2017
31st January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed strong gains yesterday due to a technical rebound and low storage levels. Temperatures are set to remain mild over the coming days but should turn colder in the second week of February, offering further support to the curve.
Energy Market Analysis - 30-01-2017
30th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday as temperatures are expected to increase during the first week of February, resulting in lower demand levels. A rise in wind power will further weigh on demand as the UK will be less reliant on CCGT generation, losses on the oil and coal market were also factors behind the bearish movement.
Energy Market Analysis - 27-01-2017
27th January 2017 | Posted by: Daniel Birkett | Market Analysis
Gas prices weakened yesterday with mild weather expected from this weekend on, acting as the main market driver this week. Wind power is also set to improve which will reduce CCGT generation and coal prices recorded further losses, adding to the bearish trend.
Energy Market Analysis - 26-01-2017
26th January 2017 | Posted by: Daniel Birkett | Market Analysis
An expected drop in gas demand in the coming days, as well as weakening coal prices weighed on gas contracts yesterday. A stronger Pound also helped towards the losses, although the downward movement was slightly limited by a tight LNG outlook and low stocks.