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.
Expectations of cold weather and reduced imports into the UK helped to push gas prices higher throughout Friday’s session. Commodity markets were relatively stable, with oil markets waiting for fresh direction.
Gas contracts initially opened lower yesterday but strengthened as the session progressed due to a higher demand outlook. The system was undersupplied throughout the session, as demand was up and flows were unchanged.
Sentiment was little changed yesterday, although a rise on oil markets offered support in the morning. The rest of the session was driven by a mild and windier weather outlook and an expected rise in LNG send-outs next month.
Despite a much healthier supply/ demand outlook, gas prices were slightly bullish yesterday as UK and European markets were dictated by lockdowns which led to a downward revision in fuel demand forecasts.