Energy Market Analysis - 13-04-2016
13th April 2016 | Posted by: Daniel Birkett | Market Analysis
An increase in exports to Belgium, weaker UKCS flows and a rise in gas-fired power generation left the UK gas system in short supply yesterday; supporting prices on the near-curve. The drop in UKCS production was a result of unplanned maintenance work, restricting supply to the St Fergus terminal. Gains were also visible further out as contracts were dictated by rising Brent.
Energy Market Analysis - 12-04-2016
12th April 2016 | Posted by: Daniel Birkett | Market Analysis
Most gas contracts posted losses on Monday as demand levels were weaker on the back of milder temperatures in the UK. Strong wind levels also lessened the UK’s reliance on gas-fired generation, further reducing demand. Meanwhile, LNG send-outs increased with several deliveries set to arrive in the UK over the next few days, leading to an oversupplied system. Further along the curve a stronger Pound offset rising oil prices and the majority of prices stabilised.
Energy Market Analysis - 11-04-2016
11th April 2016 | Posted by: Daniel Birkett | Market Analysis
Strong gains in the oil market pushed curve contracts higher on Friday, while gas demand increased further due to low wind output, also supporting NBP prices. Forecasts of mild weather weighed on prompt contracts.
Energy Market Analysis - 07-04-2016
7th April 2016 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas contracts displayed gains yesterday on the back of lower withdrawals from the Rough storage facility and higher exports from the UK to Europe. Further along the curve, the majority of contracts found support from rising oil prices and also posted an increase.
Energy Market Analysis - 06-04-2016
6th April 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down during yesterday’s session due to weaker demand levels and comfortable supply. It was also announced that the Troll gas field would have its production permit increased to 33bcm for the 2016 gas year; providing further downward pressure. Elsewhere, a number of LNG deliveries are expected to dock in the UK this month which contributed to the healthy supply outlook.