Energy Market Analysis - 20-04-2016
20th April 2016 | Posted by: Natalie Ormrod | Market Analysis
Gas prices were boosted yesterday, amid a strike by oil workers in Kuwait. Norwegian imports via Langeled dropped as planned maintenance at Easington terminal began. Despite this, the system remained well-supplied with flows from other sources and a fall in demand.
Energy Market Analysis - 19-04-2016
19th April 2016 | Posted by: Daniel Birkett | Market Analysis
Scheduled maintenance at the Easington gas terminal will limit imports into the UK today which helped contracts inch higher on Monday; with further support coming from an expected drop in temperatures later this month. Weaker oil prices helped to weigh on some contracts further along the curve but the overall sentiment on the curve was bullish.
Energy Market Analysis - 18-04-2016
18th April 2016 | Posted by: Daniel Birkett | Market Analysis
The gas curve displayed very little movement on Friday as traders were reluctant to commit ahead of Sunday’s meeting between OPEC members and Russia in regards to a potential freeze deal for oil. Contracts on the near-curve were slightly supported by a short UK gas system as the outage at the Kollsnes processing facility remained unresolved, reducing Norwegian flows into the UK.
Energy Market Analysis - 15-04-2016
15th April 2016 | Posted by: Daniel Birkett | Market Analysis
The outage at the Kollsnes processing facility remained unresolved yesterday, limiting Norwegian gas flows into the UK and offering support to the prompt. However, this drop in supply had little effect on the rest of the near-curve which was generally unchanged, while weaker Brent helped to weigh on prices further out.
Energy Market Analysis - 14-04-2016
14th April 2016 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices displayed a small increase towards the end of yesterday’s session as Norwegian flows into the UK fell due to an unplanned outage at the Kollsnes processing facility. Movement further along the curve was generally bearish with a milder weather outlook and weaker Brent weighing on contracts.