Thursday 14 March 2019
The gas market has paused this morning with contracts trading not too far off their previous settlement position. There has been some modest movement at the
front of the curve, but remaining contracts are flat to slightly lower. Crude oil contracts remain firm and this may well prevent the gas market from falling further. Brent is currently trading at $67.85 a barrel, up by 30 cents. Brent did breach the $68.00 a barrel mark in overnight trading but has since pulled back. forecast gas demand is some 23MCM lower than this time yesterday which is being attributed to a drop in domestic demand. The system is displaying a surplus of 4MCM.