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 moved down yesterday as fundamentals were bearish throughout the session. The system was oversupplied with mild weather expected to continue this week, while numerous LNG deliveries have boosted supply. Meanwhile, oil shed over $2/b from its price following comments from the US President.
Gas prices moved lower on Friday, pressured down by movement on financial markets, a mild weather outlook and a flurry of LNG deliveries to the UK. The overall European energy complex was also bearish, resulting in losses on the far-curve.
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.