Energy Market Analysis - 21-10-2016
21st October 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short throughout yesterday’s session which contributed to gains on the near-curve. Colder temperatures resulted in a rise in demand, with weak wind generation also increasing gas usage, while LNG send-outs remained low. Further out, contracts were generally bearish on the back of weakening coal and oil.
Energy Market Analysis - 20-10-2016
20th October 2016 | Posted by: Daniel Birkett | Market Analysis
The majority of gas contracts moved down on Wednesday despite bullish pressure coming from the power market. A drop in coal helped to weigh on some prices, while an undersupplied gas system, due to a rise in demand continued to offer support. Norwegian imports into the UK were also lower, while the LNG outlook remains weak.
Energy Market Analysis - 19-10-2016
19th October 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased on Tuesday with support coming from a stronger demand forecast and bullish movement on the power market. A weak LNG outlook helped to push the front-month contract higher, while rising coal continued to support the rest of the far-curve.
Energy Market Analysis - 18-10-2016
18th October 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices inched higher on Monday despite weakening Brent and a long UK gas system, with a colder weather outlook and stronger coal the main market drivers. Output at South Hook temporarily dropped to zero in the afternoon due to an outage, with LNG supply expected to remain weak over the next fortnight due to a lack of deliveries.
Energy Market Analysis - 17-10-2016
17th October 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Friday with direction coming from an expected drop in temperatures and weak LNG send-outs. LNG flows have been weak throughout October due to a lack of deliveries from Qatar, while a drop in UK storage also offered support to winter contracts. A below average demand forecast for the weekend and today helped to limit gains on the prompt, while rising coal and oil pushed far-curve contracts higher.