Energy Market Analysis - 18-11-2015
18th November 2015 | Posted by: Daniel Birkett | Market Analysis
The gas curve displayed further gains yesterday as a colder weather forecast and uncertainty regarding production cuts at the Dutch Groningen facility were the main market drivers. UK residential demand remained significantly below average but a halt in Norwegian imports offered support to the prompt.
Energy Market Analysis - 17-11-2015
17th November 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved higher on Monday as a colder weather forecast and unplanned outages offered support. Supply levels decreased as the Troll gas field, the North Morecambe field and the Bacton entry point suffered outages which reduced Norwegian and UKCS flows, resulting in a short system.
Energy Market Analysis - 16-11-2015
16th November 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down during Friday’s session as residential demand was below average and supply levels were healthy. The oversupplied system helped near-curve contracts to decrease, with two LNG deliveries scheduled to arrive at South Hook further assisting the bears. Further along the curve, contracts shed from their price on the back of weakening Brent.
Energy Market Analysis - 13-11-2015
13th November 2015 | Posted by: Daniel Birkett | Market Analysis
Day-Ahead gas displayed a rise towards the end of yesterday’s session as the system fell short following a decline in Norwegian supply. A colder weather forecast for today and the weekend also provided support, with a rise in demand levels expected. However, falling Brent and the return of milder weather next week helped contracts move down further along the curve.
Energy Market Analysis - 12-11-2015
12th November 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices continued on a downward trend yesterday as supply levels were strong, residential demand remained below the seasonal average and oil displayed another loss. The UK gas system was oversupplied as a result of this healthy supply/ demand picture, with LNG send-outs rising to 50mcm.