Energy Market Analysis - 09-12-2015
9th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved slightly higher by the end of yesterday’s session as the supply picture was less stable in the afternoon despite weak residential demand. The Euro also strengthened against the Pound which provided bullish pressure further along the curve and offset another drop in oil prices. However, the prompt displayed another loss as mild temperatures are set to continue in the UK.
Energy Market Analysis - 08-12-2015
8th December 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down across the curve yesterday as above average temperatures and falling oil were the main market drivers. The UK gas system was long throughout the session and an outage at the Rough facility prevented any storage injections. Demand levels remain very low for this time of year and another drop in Brent weighed on far-curve contracts.
Energy Market Analysis - 07-12-2015
7th December 2015 | Posted by: Daniel Birkett | Market Analysis
The UK gas system was short for the majority of Friday’s session which helped to support front-month contracts. An outage at the Rough storage facility reduced storage withdrawals which contributed to the undersupplied system. Brent displayed a significant drop in the afternoon which provided some downward pressure but gas prices displayed another rebound later in the session to close at a premium.
Energy Market Analysis - 04-12-2015
4th December 2015 | Posted by: Daniel Birkett | Market Analysis
Mild temperatures resulted in weak demand yesterday which helped the prompt shed from its price. Supply levels were generally comfortable and the gas system was balanced throughout the session. However, the Euro strengthened against the Pound later in the day which restricted some of the losses further along the curve.
Energy Market Analysis - 03-12-2015
3rd December 2015 | Posted by: Daniel Birkett | Market Analysis
Despite a bullish opening to the session, gas prices moved down on Wednesday afternoon on the back of positive fundamentals. Mild weather is set to continue over the coming days and supply levels are set to improve despite reduced LNG send-outs.