Energy Market Analysis - 13-01-2016
13th January 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Tuesday on the back of a weak oil market, healthy supply and a milder weather forecast for next week which should reduce demand levels. The UK gas system was long due to increased storage withdrawals, with stronger Norwegian imports and LNG send-outs also contributing to the healthy supply picture.
Energy Market Analysis - 12-01-2016
12th January 2016 | Posted by: Daniel Birkett | Market Analysis
Temperatures are set to remain cold for the rest of this week which helped to lift prompt contracts on the gas curve due to the expected rise in demand. Higher storage withdrawals and an increase in Norwegian imports resulted in a long system but this failed to offset the gains. Further out, contracts posted losses as they followed the movement of weakening Brent.
Energy Market Analysis - 11-01-2016
11th January 2016 | Posted by: Daniel Birkett | Market Analysis
Temperatures are expected to fall well below the seasonal norm towards the end of the week which has provided support this morning. The prompt is one of the exceptions to the morning’s upward movement though as the gas system has opened long. The British Pound has also strengthened against the Euro which restricted the gains on the far-curve.
Energy Market Analysis - 08-01-2016
8th January 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday afternoon despite the UK gas system opening around 25mcm long which led to losses at the start of the session. However, prices took direction from the expected drop in temperatures over the weekend and next week. A rebound in oil prices and a stronger Euro also ensured upward movement further along the curve.
Energy Market Analysis - 07-01-2016
7th January 2016 | Posted by: Daniel Birkett | Market Analysis
The UK gas system is 27mcm long this morning and above-average temperatures are expected to return later in the month, helping to weigh on gas contracts across the near-curve. Another strong drop in Brent has also weighed on contracts further along the curve in a bearish opening to the session.