Apollo Energy publishes 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 how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
Gas prices displayed minor gains yesterday, with weak wind levels resulting in a rise in gas-fired power demand. Further out, prices found support from bullish movement on coal and oil markets, which displayed small increases.
Gas prices eased down on Monday with little change to fundamentals, although an expected rise in gas-fired power demand helped to lift the prompt. Planned maintenance at Norwegian facilities also helped to cap losses on the rest of the near-curve.
Gas prices moved down on Friday during a relatively quiet trading session, with weaker demand helping to weigh on the near-curve. Further out, sentiment was more mixed with fuel markets providing little direction.
16th August 2019 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close The broader energy markets sold down yesterday, with UK gas market feeling the effects of this. At the front of the curve, gas dropped sharply, pulling longer dated contracts down also. Falling prices for coal, gas and a drop in carbon prices meant power prices were dealt lower around Europe and the UK yesterday. Curve contracts all retreated whereas some…
Gas prices decreased during Wednesday’s session following a sell-off on coal, oil and power markets. Norwegian flows into the UK also ramped up due to the end of maintenance which resulted in a long system, while healthy wind levels were forecast for today which will reduce gas-fired power demand.