Far-curve gas prices decreased during Wednesday’s session due to weakening coal, carbon and oil markets. However, prompt prices moved higher on the back of a colder weather outlook which will lift demand levels.
Winter and prompt gas prices increased during yesterday’s session due to an expected drop in temperatures and a tighter gas system. Meanwhile, prices further along the curve were generally bearish with direction coming from a strong loss for Brent, while coal and carbon also moved down.
Gas prices climbed higher on Monday as weather forecasts point to a cold spell later in the month, while coal and carbon markets also increased. The larger gains were displayed at the front of the curve despite a long system.
12th November 2018 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close Gas prices were left broadly unchanged on Friday, even with the lower prices for oil and coal. Short covering on the weekend along with some concerns over a drop in temperatures kept prices up. A peak in wind power generation over the weekend weighed down on spot prices, along with mild conditions continuing on Monday/Tuesday. Further out on the curve, mo…
9th November 2018 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close A sharp drop in both coal and oil prices yesterday meant slightly softer gas prices. Norwegian supplies saw a drop, this coupled with a rise in both carbon and power prices provided some support for gas. Power prices were mostly focused on the gains in carbon yesterday. Nordic and German markets were mostly unaffected by lower coal, gas and oil prices, wh…