Energy Market Analysis - 09-09-2016
9th September 2016 | Posted by: Daniel Birkett | Market Analysis
Day-Ahead gas decreased during yesterday’s session due to a heavily oversupplied system following a rise in Norwegian flows via the Langeled pipeline and higher UKCS production. Meanwhile, stronger wind power resulted in a decrease in gas-fired generation, reducing demand. Losses were evident across the near-curve but contracts further out found support from an increase in Brent.
Energy Market Analysis - 08-09-2016
8th September 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was oversupplied on Wednesday following a rise in UKCS flows via Bacton Seal, while a jump in wind levels led to a decrease in gas-fired power generation. Meanwhile, LNG send-outs were above 50mcm with numerous deliveries expected to arrive from Qatar over the next fortnight. This healthier supply picture helped near-curve gas contracts to fall but rising Brent provided support further out.
Energy Market Analysis - 07-09-2016
7th September 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts displayed mixed movement on Tuesday with the prompt adding to its price later in the session, while the far-curve displayed numerous losses. The UK gas system was short throughout the day which helped near-curve contracts move higher, while stable Brent helped contracts further out decrease.
Energy Market Analysis - 06-09-2016
6th September 2016 | Posted by: Daniel Birkett | Market Analysis
Unplanned outages resulted in reduced UKCS production on Monday, while demand levels in the UK also rose to 22% above the seasonal norm, resulting in a significantly undersupplied system. This led to a strong rise on the prompt with gains displayed across the curve, although some of the upward movement was restricted by the scheduled arrival of several LNG deliveries from Qatar.
Energy Market Analysis - 05-09-2016
5th September 2016 | Posted by: Daniel Birkett | Market Analysis
Day-Ahead gas climbed higher on Friday after dropping to its lowest prices for seven years on Thursday, with the gains filtering through to the rest of the near-curve. A drop in Norwegian imports via the Langeled pipeline in the afternoon resulted in an undersupplied gas system, with weaker LNG send-outs also a factor.