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.
Near-curve gas prices dipped yesterday thanks to an oversupplied system and a warm weather outlook; additional LNG cargoes are also expected to dock in the UK. Meanwhile, coal and carbon markets moved down and oil stabilised, weighing on the far-curve.
Gas prices were on the rise during Wednesday’s session as short sellers looked to leave their positions, causing a technical increase on gas markets. Oil, coal and carbon markets also moved higher, providing additional support.
Gas prices were little changed during Tuesday’s session despite some support provided by a rise in coal and carbon. However, overall markets were stable and a healthy supply/ demand outlook for this week weighed on the near-curve.
Gas prices moved down yesterday with direction coming from bearish European markets. A milder weather outlook also continued to weigh on the near-curve, with a flurry on LNG deliveries also a factor.
Gas prices increased on Friday, tracking the movement of coal, oil, power and carbon markets. However, overall fundamentals were bearish with healthy supply, comfortable storage levels and a mild weather outlook limiting gains at the front of the curve.