Energy Market Analysis - 25-02-2016
25th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas demand remained high yesterday as temperatures were below average, however, the gas system was oversupplied due to improved LNG send-outs. LNG flows rose from 41mcm to 57mcm with numerous deliveries expected to dock in the UK over the next week. Norwegian and Dutch imports into the UK were also higher and this healthy supply picture helped to weigh on contracts on the near-curve, with a drop in oil weighing on far-curve prices.
Energy Market Analysis - 24-02-2016
24th February 2016 | Posted by: Daniel Birkett | Market Analysis
A cold weather forecast for the rest of the week continued to apply bullish pressure to the gas curve yesterday with most contracts displaying a gain. However, supply levels remained comfortable despite rising demand which helped to limit the upward movement, with weaker oil also weighing on the far-curve.
Energy Market Analysis - 23-02-2016
23rd February 2016 | Posted by: Daniel Birkett | Market Analysis
Temperatures are expected to remain below average until the end of the week at least which offered support to near-curve gas contracts yesterday. Supply levels remained comfortable but stronger demand tightened the system. Further along the curve prices took direction from rising oil contracts.
Energy Market Analysis - 22-02-2016
22nd February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Friday on the back of healthy supply levels and a drop in demand; European prices displayed more significant losses compared to the UK as the Euro further strengthened against the Pound. An increase in oil prices offered some support to the far-curve but the overall sentiment remained bearish.
Energy Market Analysis - 19-02-2016
19th February 2016 | Posted by: Daniel Birkett | Market Analysis
Gas contracts displayed an upward trend yesterday morning, although a drop in Brent later in the session helped to cut some of the gains. The UK gas system also moved long in the afternoon which reduced demand and helped to weigh on near-curve prices.