Market Update - Increase in European Power Prices
26th April 2016 | Posted by: Daniel Birkett | Market Analysis
The French President has announced closures at nuclear reactors from 2018, as well as a commitment to a minimum price for carbon emission allowances, resulting in strong upward movement on the power market.
Energy Market Analysis - 26-04-2016
26th April 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices fluctuated on Monday; initially opening at a premium, falling in the afternoon and then rebounding before the end of the session due to a rise in oil. The cooler weather forecast for this week supported near-curve prices in the morning but comfortable supply levels helped to erase some of these gains as the session progressed. Improved Norwegian flows helped towards a long UK gas system, while the short-term LNG outlook also remains healthy.
Energy Market Analysis - 25-04-2016
25th April 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts continued to rise on Friday with an expected drop in temperatures this week the main market driver, outages at the Easington terminal and the Skarv gas field also offered further support to the near-curve. Oil prices also displayed a bullish trend for the majority of the session which helped to lift contracts on the far-curve.
Energy Market Analysis - 22-04-2016
22nd April 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed strong gains on Thursday as fundamentals are expected to weaken in the coming days and the oil market remained bullish. The UK gas system was tighter than expected due to unplanned outages at Norwegian gas fields and scheduled maintenance at the Easington terminal; offering support to the near-curve. An expected drop in temperatures over the weekend and next week also contributed to the bullish sentiment.
Energy Market Analysis - 21-04-2016
21st April 2016 | Posted by: Daniel Birkett | Market Analysis
Changes on the gas curve reflected the afternoon rise in oil prices, following the release of the EIA report. Prior to this increase in Brent, contracts generally traded flat on the far-curve with little change to long-term fundamentals. Meanwhile, movement on the prompt was bearish with warmer temperatures weighing on demand levels, combined with an improvement in Norwegian flows into the UK.