Apollo Energy publish a daily energy market analysis, focusing on the gas, power and oil markets, including a commentary on how the markets close and open. Our analysis provides insight on what is currently affecting the market and also considers various factors which could dictate price changes in the future.
The report also contains a graph which tracks the one-year forward price of both gas & electricity as well as changes to Brent crude oil.
25th May 2016 | Posted by: Natalie Ivinson | Market Analysis
Spot and near-curve prices were mixed yesterday with lower Norwegian supply tightening the system, while a surge in the value of the Pound put pressure on prices. The stronger US dollar weakened oil prices and limited gains on the far-curve.
Losses were displayed across the gas curve yesterday following a significant improvement in Norwegian and LNG flows. Bearish pressure was also provided by an expected rise in temperatures next week and a stronger Pound, while falling Brent weighed on contracts further along the curve.