Energy Market Analysis - 16-12-2015
16th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement during Tuesday’s session as a slight rise in oil prices supported contracts on the far-curve, while the mild weather outlook weighed on the near-curve. Overall supply levels were comfortable as an increase in wind production led to a reduction in gas-fired power generation.
Energy Market Analysis - 15-12-2015
15th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices continued on a bearish trend on Monday as a mild weather/ weak demand outlook and falling oil prices weighed on contracts across the curve. Meanwhile, the gas system was short throughout the session due to an outage at the Rough storage facility and a rise in gas-fired power generation, however, this did little to lift prices.
Energy Market Analysis - 14-12-2015
14th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Friday on the back of a mild weather forecast for the rest of December, with further bearish pressure coming from falling oil prices. The UK gas system was short due to a number of outages in Norway but this did little to curb the losses.
Energy Market Analysis - 11-12-2015
11th December 2015 | Posted by: Daniel Birkett | Market Analysis
An above average weather forecast and improved Norwegian supply helped to weigh on near-curve gas contracts yesterday. Prices further along the curve were largely dictated by falling oil prices which hit a 7-year low in the afternoon. UK temperatures are expected to be around 10° for the rest of the month, around 5° higher than the seasonal norm, resulting in lower residential demand.
Energy Market Analysis - 10-12-2015
10th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down yesterday as healthy supply and below average demand levels dictated the market. UKCS flows were lower and residential demand displayed a small increase due to a slight drop in temperatures but the system was long on the back of strong Norwegian flows and a decrease in exports to Belgium.