Market Update - Capacity Market Auction Results
15th December 2016 | Posted by: Daniel Birkett | Market Analysis
The provisional results of the latest Capacity Market Auction were released last week, with the final results set to be announced in the New Year.
Energy Market Analysis - 15-12-2016
15th December 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was long throughout yesterday’s session as residential demand remained below the seasonal average due to mild weather. The outage at the Bergermeer storage site was also expected to be resolved this morning and movement at the front of the curve was largely bearish. Contracts further out were more stable due to an expected drop in temperatures next week, while LNG supply remains weak.
Energy Market Analysis - 14-12-2016
14th December 2016 | Posted by: Daniel Birkett | Market Analysis
The ongoing outage at the Bergermeer storage site in Holland and an unexpected issue at the Rough facility offered support to the near-curve yesterday despite a long UK gas system. Temperatures remained mild for this time of year, lowering demand, while UKCS production also improved. Elsewhere, LNG supply remains low due to supply shortages in the Middle East and Turkey.
Energy Market Analysis - 13-12-2016
13th December 2016 | Posted by: Daniel Birkett | Market Analysis
Gains could be observed across the gas curve yesterday with strong support provided by increases on the oil and coal markets. The UK gas system was also undersupplied, while the Bergermeer storage site was closed in Holland due to technical problems. Meanwhile, temperatures are also set to turn slightly colder over the coming days which will push demand levels higher.
Energy Market Analysis - 12-12-2016
12th December 2016 | Posted by: Daniel Birkett | Market Analysis
On-going outages in Norway continued to limit imports into the UK on Friday and temperatures were also expected to turn colder later this week; resulting in upward movement on the near gas curve. However, withdrawals have resumed at the Rough storage facility following a six month outage, while the Pound strengthened against the Euro, limiting the gains further out.