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 recorded losses on the back of an oversupplied system and a healthy LNG outlook. The losses filtered through to the rest of the curve with bearish coal and oil markets weighing on longer dated contracts.
Gas prices fluctuated throughout Friday’s session as bearish pressure was provided by coal and carbon, while oil displayed a rebound which supported contracts in the afternoon. Meanwhile, the supply/ demand outlook was unchanged, offering little direction to the prompt.
Gas prices increased yesterday with bullish pressure provided by a rise in coal, power and carbon. The far-curve held firm despite a sharp drop in oil, while the supply outlook was unchanged, providing little direction to the prompt.
Near-curve gas prices displayed a small gain on Wednesday as the August contract expired and a fresh batch of maintenance is set to take place in Norway which will reduce flows into the UK. Prices corrected down a little before the end of the session but the majority of contracts closed at a premium.
Gas prices were almost unchanged by the end of the session, as an early morning sell-off was cancelled out in the afternoon. Power and carbon markets moved down, limiting the bullish pressure provided by a rise in oil, while coal was stable.