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 eased down during Monday’s session, cancelling out gains recorded on Friday. Commodity markets moved down with the exception of coal which helped to weigh on prices across the curve, with a healthy supply outlook also a factor.
Advancements in terms of Brexit offered support to the UK gas curve on Friday, however, this also led to a rise in the Pound against the Euro, restricting some of the upward movement. Additional support was provided by a rise in coal and carbon.
11th October 2019 | Posted by: Lawrence Carson | Market Analysis
Spot prices managed to recover on Thursday as buying interests re-emerged despite weaker supply/demand fundamentals and milder weather expectations for Europe. The main driver, oil, and an attack on an Iranian oil tanker in the Gulf near Jeddah.
Gas prices displayed strong losses at the front of the curve, with the front-month hitting its lowest level for a number of years. Mild temperatures, full storage and a healthy LNG outlook heavily weighed on the gas curve, while fuel markets provided little direction to longer dated contracts.
Gas prices recorded losses on Monday, with milder weather, reduced gas-fired power demand and an improved LNG outlook heavily weighing on the prompt, with the downward sentiment transferring to the rest of the near-curve. Meanwhile, fuel markets were generally bearish, limiting any upward movement on the far-curve.