Headlines This week, most tracked contracts registered losses, as strong EU gas storage levels continue to remain a prominent driver of prices ahead of the winter period. Similarly, LNG prices are likely to remain stable over the coming winter amid ample gas inventories in both Europe and Asia. Due to LNG’s status as the marginal […]
Headlines This week, gas and power prices saw bearish sentiment further along the forward curve, as uncertainty surrounding Australian LNG supply lowered following a resolution to strike action at the Wheatstone and Gorgon gas terminals, in tandem with strong EU gas storage levels providing a solid foundation for winter energy security. Similar bearish price trends […]
Headlines This week, gas prices saw bullish sentiment across shorter-term contracts, despite improving pipeline supply as major maintenance across Norwegian gas fields subsides, and a resolution being reached at LNG facilities in Australia – ending industrial strike action. Upwards price trends were showcased as day-ahead gas rose 18.3% to 101.00p/th, amid an undersupplied GB system […]
Headlines It was a largely bearish week for gas and power contracts this week, continuing the trend of decreasing wholesale prices observed across much of 2023. Day-ahead gas fell 1.9% to 85.35p/th, following periods of above-average temperature during the week. However, losses were limited by extended maintenance works across the Norwegian Continental Shelf, limiting flows […]
Headlines Wholesale gas contracts experienced mixed price movements this week, whereas all tracked power contracts, with day-ahead and October 23 baseload the exception, registered week-on-week price losses. Subsequently, day-ahead gas rose 8.7% to 87.00p/th, in anticipation of supply reduction due to planned industrial action at Chevron’s Australian LNG facilities, in tandem with reduced Norwegian exports […]
Headlines This week, gas and power prices saw bullish sentiment further along the forward curve, as uncertainty surrounding gas supply during the winter period remains elevated. As of September 01, planned work stoppages across Australian LNG terminals are anticipated as workers at Chevron rejected the company’s pay offer, impacting output from the Gorgon and Wheatstone […]
Headlines This week, we observed mixed price movements. Largely, all gas contracts recorded losses, with day-ahead being the exception – rising 4.9% to 86.00p/th, following lower day-ahead wind outturn projections boosting gas-for-power demand forecasts. Similarly, day-ahead power rose 5.7% to £93.00/MWh, finding support from its gas counterpart, however gains were subdued by reduced day-ahead demand […]
Headlines This week, gas and power prices saw bullish sentiment further along the forward curve, as uncertainty surrounding Australian LNG supply remains elevated amid potential strike action that could impact European energy markets. However, across most short-term contracts, bearish prices trends were captured as day-ahead gas fell 4.1% to 82.00p/th, amid an oversupplied GB system. […]
Headlines This week favoured a bullish outcome for gas and power prices, both in the near-term and further along the forward curve – underpinned by the uncertainty surrounding future gas imports into European energy markets from potential strike action at Australian LNG terminals. Day-ahead gas rose 21.7% to 85.50p/th, following uncertain Australian LNG supplies – […]
Headlines This week represented a relatively mixed outcome for gas and power prices, with conflicting market fundamentals dictating the movement of prices. Firstly, day-ahead gas rose 9.8% to 70.25p/th as plant maintenance at Troll and Kollsnes acts to reduce Norwegian flows and tighten gas supplies. Similarly, day-ahead power rose 8.6% to £76.00/MWh, supported by lower […]
Headlines It was a bearish week for gas and power contracts this week, continuing the trend of decreasing wholesale prices observed across much of 2023. Day-ahead gas fell 10.5% to 64.00p/th, following periods of above-average temperature during the week and buoyed by reduced maintenance works across the Norwegian Continental Shelf, bolstering flows into GB from […]
Headlines Most power and gas contracts rose this week, following low periods of wind outturn, flow interruptions from Norwegian gas fields and an outage at Tolmount gas field which restricted UK Continental Shelf flows, all acting to tighten system margins. Subsequently, day-ahead gas rose 6.7% to 71.50p/th, amid lower renewable forecast output for next week, […]
