Energy Market Analysis - 18-11-2016
18th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas systems across Europe were comfortable yesterday which helped towards losses on the near-curve. An increase in imports from Norway and Belgium contributed to a long UK gas system despite a 29mccm rise in demand levels. Temperatures are also expected to turn milder next week which was another factor behind the downward trend.
Energy Market Analysis - 17-11-2016
17th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday afternoon despite a bullish opening to the session, with a milder weather forecast for next week helping to weigh on the prompt; wind power was also set to rise which will reduce the UK’s reliance on more expensive CCGT generation. Meanwhile, the UK gas system was well-supplied throughout the session and the Pound strengthened against the Euro.
Energy Market Analysis - 16-11-2016
16th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts moved higher on Tuesday as demand levels are set to increase over the coming days due to an expected cold snap in the UK. Rising oil prices were also a bullish factor, although an expected increase in wind power should reduce CCGT generation, limiting some of the upward movement on the prompt.
Energy Market Analysis - 15-11-2016
15th November 2016 | Posted by: Daniel Birkett | Market Analysis
Mild temperatures have been forecast for the second half of November, helping to weigh on near-curve contracts, while the back of the curve was pressured down by falling coal and oil markets. The UK gas system remained oversupplied and an expected rise in wind levels should reduce CCGT generation this week.
Energy Market Analysis - 14-11-2016
14th November 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Friday on the back of weakening coal and oil contracts, as well as strengthening financial markets. However, a delay in restarts at French nuclear power plants restricted some of the downward movement at the front of the curve. In terms of short term supply, the UK gas system remained long throughout the session despite low LNG send-outs.