Energy Market Analysis - 25-08-2016
25th August 2016 | Posted by: Daniel Birkett | Market Analysis
Improved supply levels helped to weigh on near-curve gas prices on Wednesday, with higher Norwegian flows into Europe and an increase in LNG send-outs in the UK, with several deliveries expected before the end of August. Contracts further along the curve remained bearish with falling oil the main market driver.
Energy Market Analysis - 24-08-2016
24th August 2016 | Posted by: Daniel Birkett | Market Analysis
Prompt gas contracts were supported by an increase in gas-fired power generation and a rise in exports to Belgium. Maintenance at the Mallnow entry point limited Russian gas flows into Europe which tightened gas systems on the continent, with Norwegian imports also lower than previous sessions. Further along the curve, movement was generally bearish with Monday’s news in regards to Rough’s withdrawal rate continuing to influence the Winter-16 contract.
Energy Market Analysis - 23-08-2016
23rd August 2016 | Posted by: Daniel Birkett | Market Analysis
News that the 20 wells would be available at the Rough storage facility from the 1st of November helped the Winter-16 contract shed from its price yesterday. The losses filtered through to the far-curve with the help of weakening Brent. At the front of the curve, prices also moved down in the afternoon with the exception of the prompt following a bullish opening caused by an undersupplied system.
Energy Market Analysis - 22-08-2016
22nd August 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts moved down on Friday as the Nord Stream interconnector returned online as seasonal maintenance was completed. In terms of the UK, healthy levels of wind power resulted in reduced coal-fired power generation, while UKCS production also improved, contributing to a long gas system.
Energy Market Analysis - 19-08-2016
19th August 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short for the majority of yesterday’s session but became balanced in the afternoon which resulted in a downward correction on the near-curve. Prompt prices were also pressured down by an announcement that the Nord Stream interconnector between Russia and Germany would return online today. Contracts further along the curve also displayed small losses on the back of currency movements, ignoring a rise in Brent.