Energy Market Analysis - 06-01-2016
6th January 2016 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher yesterday morning on the back of a colder weather forecast for next week which will lead to a rise in demand. However, a fall in oil prices provided downward pressure on the curve, erasing the session’s early gains. The British Pound also strengthened against the Euro which weighed on contracts further.
Energy Market Analysis - 05-01-2016
5th January 2016 | Posted by: Daniel Birkett | Market Analysis
Most gas prices moved down yesterday but the prompt climbed higher on the back of increased industrial demand, colder temperatures and a decrease in Dutch production. Despite early morning gains, Brent corrected downwards in the afternoon which had a bearish effect on contracts further along the curve.
Energy Market Analysis - 04-01-2016
4th January 2016 | Posted by: Daniel Birkett | Market Analysis
Prices initially opened higher in the first trading session following the Christmas holidays as a colder weather forecast offered support to the near-curve. However, temperatures still remain mild for this time of year and supply levels were healthy which helped contracts to come down in the afternoon.
Energy Market Analysis - 18-12-2015
18th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices weakened further on Thursday due to below average demand levels and improved supply. An oversupplied gas system resulted in a sizeable loss on the prompt, with residential demand 33% below the seasonal norm. Gas-fired power generation also declined due to an increase in wind production.
Energy Market Analysis - 17-12-2015
17th December 2015 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short yesterday due to the outage at the Kollsnes processing plant in Norway. However, gas prices largely ignored this drop in supply and significant losses were posted across the curve due to falling oil and a weak demand forecast. The outage in Norway was also expected to be resolved today which limited its impact.