Energy Market Analysis - 28-10-2015
28th October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices failed to show a clear trend yesterday as healthy LNG supply and a drop in residential demand helped to weigh on the prompt, also assisted by a rise in Norwegian flows following the end of maintenance. However, a downward revision in this week's weather forecast offered some support to the rest of near-curve. Seasonal contracts moved down with direction coming from weaker Brent and a stronger Pound.
Energy Market Analysis - 27-10-2015
27th October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased on Monday as overall fundamentals remained healthy despite another outage in Norway, which restricted the prompt from falling further. Gassco announced that the Troll and Kvitebjorn gas fields suffered unexpected outages, reducing Norwegian flows into the UK. However, warmer temperatures and strong LNG send-outs allowed the bears to take control of the curve.
Energy Market Analysis - 26-10-2015
26th October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices moved down on Friday as supply levels in the UK were healthy and the Pound strengthened against the Euro once again. An outage at a Norwegian processing facility was resolved, which led to a 30mcm increase in flows; resulting in a long gas system. Temperatures are also expected to remain relatively mild this week which further weighed on contracts.
Energy Market Analysis - 23-10-2015
23rd October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices displayed mixed movement yesterday as Norwegian flows decreased due to maintenance which helped to push near-curve prices higher. Contracts further along the curve moved down and ignored a rise in Brent as the Euro weakened significantly.
Energy Market Analysis - 22-10-2015
22nd October 2015 | Posted by: Daniel Birkett | Market Analysis
The end of maintenance in Norway resulted in higher imports into the UK yesterday morning but supply levels dropped in the afternoon due to unplanned outages, which led to a rebound in prices. However, weaker demand and high LNG send-outs helped contracts correct downward before the end of the session, with weaker Brent also weighing on the far-curve.