Energy Market Analysis - 04-11-2015
4th November 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed downward movement yesterday as the UK gas system was 5mcm long despite scheduled maintenance restricting flows via the St Fergus terminal, reducing output by 19mcm. A drop in residential demand contributed to Tuesday’s oversupply, as did an increase in LNG send-outs. Meanwhile, weaker oil and coal prices applied bearish pressure further along the curve.
Energy Market Analysis - 03-11-2015
3rd November 2015 | Posted by: James Turner | Market Analysis
Although the temperatures dropped yesterday, the rest of the week is forecast to get warmer. It is this mild weather forecast along with strong supply that has pushed gas prices down again. A falling oil price has added bearish pressure also.
Energy Market Analysis - 02-11-2015
2nd November 2015 | Market Analysis
Gas prices dropped to a seasonal low on Friday on the back of warm temperatures and news of multiple LNG deliveries over the coming week. Demand remained low on Friday, especially residential demand which was 26mcm below seasonal norms, adding further bearish pressure to NBP spot prices which closed at their lowest mark since August.
Energy Market Analysis - 30-10-2015
30th October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Thursday as overall fundamentals were healthy and the Pound continued to strengthen against the Euro. Maintenance in Norway had a lesser effect on UK supply than initially expected and the gas system was only slightly short. Meanwhile, a mild weather forecast for next week provided additional bearish pressure on the near-curve.
Energy Market Analysis - 29-10-2015
29th October 2015 | Posted by: Daniel Birkett | Market Analysis
Planned maintenance in Norway is set to reduce flows into the UK today which helped to support Day-Ahead gas during yesterday’s session. The rest of the near-curve was generally stable as the UK gas system remained long despite higher exports to Europe. UK residential demand was 15% below the seasonal norm due to mild weather which further restricted upward movement on the near-curve.