energy price graph - 28-07-2016

Energy Market Analysis - 28-07-2016

28th July 2016 | Posted by: Daniel Birkett | Market Analysis

Gas prices initially moved down yesterday with a drop in Brent the main market driver, although tighter supply resulted in gains later in the session. Norwegian exports rose to almost 300mcm in the morning but unplanned outages at Troll and Kvitebjorn reduced imports in the afternoon, resulting in a slight rebound in prices.


energy price graph - 27-07-2016

Energy Market Analysis - 27-07-2016

27th July 2016 | Posted by: Daniel Birkett | Market Analysis

Near curve gas contracts decreased on Tuesday as exports to Belgium were at their lowest level since the start of the month. The system was balanced throughout the session and flows via the Bacton terminal displayed a slight recovery in the afternoon. Elsewhere, news regarding the Rough storage facility’s withdrawal curve for its 4 active wells will be released in the next few days. Further out, prices continued to be pushed lower by weakening Brent.


energy price graph - 26-07-2016

Energy Market Analysis - 26-07-2016

26th July 2016 | Posted by: Daniel Birkett | Market Analysis

Numerous unplanned outages in Norway reduced imports into the UK yesterday which helped to support contracts on the near-curve, while weakening Brent weighed on prices further out. Maintenance at the Heimdal facility was extended until the 8th of August, while the Kvitebjorn field and the Karsto processing plant were also offline.


energy price graph - 25-07-2016

Energy Market Analysis - 25-07-2016

25th July 2016 | Posted by: Daniel Birkett | Market Analysis

Gas contracts displayed mixed movement on Friday with weakening oil prices applying downward pressure on the far-curve. However, weak economic data coming out of the UK and another drop in the Pound helped to support prices at the front of the curve. Low Norwegian flows and reduced LNG-send-outs also tightened supply and contributed to the gains.


energy price graph - 22-07-2016

Energy Market Analysis - 22-07-2016

22nd July 2016 | Posted by: Daniel Birkett | Market Analysis

Numerous gains could be observed across the gas curve on Thursday as a result of a very under-supplied system. Weaker coal and oil contracts provided some resistance further along the curve but short supply dictated the overall sentiment. Norwegian flows and UKCS production are lower due to outages, while a lack of deliveries has reduced LNG send-outs.