Energy Market Analysis - 21-10-2015
21st October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices decreased yesterday despite a short gas system as the near-curve was influenced by an expected improvement in Norwegian imports today as maintenance was set to be concluded. Demand was 25mcm lower than Monday's levels which helped to weigh on the prompt further, while weakening Brent pressured down far-curve contracts.
Energy Market Analysis - 20-10-2015
20th October 2015 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices increased yesterday as a drop in Norwegian supply due to maintenance resulted in a short UK gas system; Day-Ahead rose by 1.35ppt, Front-Month by 0.40ppt and Front-Quarter by 0.20ppt. However, some losses were displayed further along the curve as the Pound strengthened against the Euro once again and Brent decreased.
Energy Market Analysis - 19-10-2015
19th October 2015 | Posted by: Daniel Birkett | Market Analysis
Near-curve gas prices moved higher on Friday as unplanned maintenance is set to reduce Norwegian imports into the UK by 30mcm today, sending the system into undersupply. Meanwhile the Pound continued to strengthen against the Euro which restricted some of the gains and resulted in a few losses further along the curve.
Energy Market Analysis -16-10-2015
16th October 2015 | Posted by: Daniel Birkett | Market Analysis
Gas prices increased by the end of yesterday's session as unscheduled maintenance took place at a gas field in Norway which reduced flows into the UK. It was also announced that withdrawals from the Bergermeer storage facility will be cut by 50% starting from today. Meanwhile, gas demand rose to 267mcm, 63mcm above the seasonal norm, however, strong LNG supply and a milder weather forecast helped to limit the gains.
Energy Market Analysis - 15-10-2015
15th October 2015 | Posted by: Daniel Birkett | Market Analysis
Healthy supply levels and a stronger Pound helped to pressure down gas prices yesterday. Numerous LNG deliveries are expected to arrive in the UK this month which resulted in high send-outs. Norwegian supply was also comfortable despite the outage at the Heimdal platform and countered a slight rise in demand levels.